Alok Bansidhar Shriram has acquired a 33.67% equity stake in DCM Shriram International through an inter-family gift, consolidating control within the promoter group without altering the overall ownership structure. The transaction, executed on July 31, 2026, involved the transfer of shares from three related entities: Madhav Bansidhar Shriram, Urvashi Tilakdhar, and Lala Bansi Dhar & Sons (HUF). As this is a transfer among immediate relatives, no monetary consideration was exchanged, and the total promoter group holding remains static at 50.11%.

The disclosure was made under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, citing exemption under Regulation 10(1)(a)(i). This exemption applies to transfers between promoters or immediate relatives, thereby waiving the requirement for an open offer to public shareholders. The company confirmed that all conditions specified under the regulation have been duly complied with.

Transaction Details

The acquisition comprises a total of 2,69,05,206 equity shares with a face value of ₹2 each. The shares were sourced as follows:

Lala Bansi Dhar & Sons (HUF) was dissolved as part of this restructuring. While Alok Bansidhar Shriram received 90,21,200 shares (three-fourths of the HUF's holdings), the remaining one-fourth, totaling 30,07,067 shares, was transferred to Suman Bansi Dhar. Consequently, Suman Bansi Dhar’s holding increased from 17,57,160 shares (2.02%) to 47,64,227 shares (5.48%).

Impact on Promoter Group

Although individual holdings within the promoter group have shifted significantly, the aggregate promoter stake has not changed. Prior to the transaction, the acquirer and persons acting in concert (PACs) held 1,36,76,089 shares (15.72%), while the sellers held 2,69,05,206 shares (30.92%). Post-acquisition, the combined promoter group holds 4,35,90,115 shares, representing 50.11% of the total share capital.

Other members of the promoter group, including Kanika Shriram, Rudra Shriram, Karuna Shriram, Akshay Foundation, Akshay Dhar, Aditi Dhar, Sushil Kumar Jain, and Divya Shriram, saw no change in their respective shareholdings. The volume-weighted average market price for the stock over the 60 trading days preceding the notice was ₹67.62 per share, though this metric is not applicable for pricing the gift transaction.

DCM Shriram International has ratified the payment of a ₹59,000 fine to the National Stock Exchange (NSE) to address delayed compliance with Regulation 17(1A) of the SEBI (LODR) Regulations, 2015. The board approved the payment during its meeting on July 16, 2026, to conclude the matter and avoid further delays or exchange of correspondence. The fine was levied by the exchange via notice NSE/LIST-SOP/COMB/FINES/0611 dated May 27, 2026.

The Board of Directors acknowledged the notice and the reasons behind the delay. By ratifying the management's decision, the company aims to settle the issue immediately. The board has strongly advised the management to ensure strict adherence and prior compliance with all SEBI (LODR) Regulations moving forward to prevent similar instances.

Key Details of the Filing

Ashish Jha, Company Secretary & Compliance Officer, confirmed the submission to the exchanges. The company stated that the matter now stands concluded following the board's ratification.