DCM Shriram International Ltd. has disclosed a substantial acquisition by promoter group member Urvashi Tilakdhar, who increased her shareholding to 10.28% through distribution of assets via partition of Hindu Undivided Family (HUF). The transaction, executed on March 30, 2026, demonstrates continued consolidation within the promoter group structure while maintaining the group's overall 50.11% stake in the company.

Latest Share Acquisition Details

Urvashi Tilakdhar acquired 508158 shares representing 0.58% of DCM Shriram International's equity share capital through off-market transfer from Tilak Dhar & Sons HUF. The acquisition increased her total holding from 8433984 shares (9.70%) to 8942142 shares (10.28%).

Regulatory Compliance Framework

The transaction was executed under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, specifically under Regulation 10(1)(a)(i) exemption. The company filed the required disclosure under Regulation 10(5) on March 21, 2026, ahead of the transaction completion date.

Promoter Group Shareholding Structure

The promoter group maintains its total shareholding of 43590115 shares, representing 50.11% of DCM Shriram International's equity share capital. The shareholding remains distributed across five major family groups and foundation holdings, with Urvashi Tilakdhar's family group now holding 8943142 shares (10.28%).

The transaction reflects strategic consolidation within the promoter family structure through HUF partition, ensuring full regulatory compliance while maintaining the overall promoter group stake at 50.11% of DCM Shriram International's total equity share capital of 86992185 shares.

DCM Shriram Fine Chemicals Limited has filed regulatory disclosures detailing a proposed intra-promoter shareholding transfer scheduled for March 30, 2026. The transaction involves the transfer of 255,452 shares from Tilak Dhar & Sons HUF to Aditi Dhar, representing 0.29% of the company's total share capital.

Transaction Details

The proposed acquisition has been structured to qualify for exemption from mandatory open offer requirements under Regulation 10(1)(a)(ii) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011. The transfer is being executed at nil consideration as part of an asset distribution by the Hindu Undivided Family (HUF).

Comprehensive Promoter Shareholding Structure

The company has disclosed detailed promoter shareholding patterns across multiple family groups and entities. The promoter group currently maintains a collective holding of 50.11% in the company following the proposed transaction.

Family Group Breakdown

Within the Urvashi Tilakdhar & Family group, the shareholding is distributed among Akshay Dhar-Karta Tilak Dhar & Sons (HUF) with 508,158 shares (0.58%), Mrs. Urvashi Tilakdhar holding 5,889,611 shares (6.77%), Mr. Akshay Dhar with 1,274,060 shares (1.46%), and Ms. Aditi Dhar currently holding 1,271,313 shares (1.46%).

Impact on Shareholding Pattern

The proposed transaction will result in a marginal change in the overall promoter shareholding structure. The collective promoter group holding will increase from 49.82% to 50.11% following the completion of the share transfer.

Corporate Restructuring Background

The current shareholding structure stems from a complex corporate restructuring involving the amalgamation of Lily Commercial Private Limited and subsequent demerger of DCM Shriram Industries Limited. The shares were originally vested in Tilak Dhar & Sons HUF following the amalgamation, where Lily Commercial held 50.11% equity shares in DCM Shriram Industries Limited as a promoter.

Under the NCLT-approved scheme of arrangement, two business undertakings were demerged into DCM Shriram Fine Chemicals Limited and DCM Shriram International Limited, with shareholders receiving proportionate allocations in both subsidiary companies. The current transfer represents a partition of the HUF assets among family members, maintaining the transaction within the promoter group framework.

Regulatory Compliance

Both the transferor and transferee have declared compliance with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011. The acquirer has confirmed that all conditions specified under Regulation 10(1)(a) regarding exemptions have been duly met, allowing the transaction to proceed without triggering mandatory open offer obligations. The filing notes that the company was recently listed on the exchange on February 17, 2026, making volume-weighted average price calculations not applicable for this transaction.