DCM Shriram has officially received board approval for its strategic joint venture with Teknor Apex B.V., marking a significant milestone in creating a globally competitive plastics polymer solutions platform under the new brand name PolyTek.

Board Approval and Strategic Partnership

The Board of Directors approved the execution of transaction documents for the joint venture between Shriram Polytech Ltd and Teknor Apex B.V. The company has made the mandatory disclosure under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, confirming the strategic partnership that will operate under the PolyTek brand.

Leadership Vision and Strategic Rationale

Ajay S Shriram, Chairman & Sr Managing Director of DCM Shriram Ltd, emphasized the partnership's strategic intent: "This partnership reflects our strategic intent to build future-ready businesses by combining global expertise with strong domestic capabilities. India is at an inflection point in advanced technologies and manufacturing, and through this joint venture, we aim to create a platform that delivers high-performance products and solutions at scale."

Donald Wiseman, Chief Executive Officer of Teknor Apex, added: "Our collaboration combines Shriram Polytech's presence in vinyl materials with Teknor Apex's formulating expertise to deliver high-performance solutions for one of Asia's largest industrial ecosystems."

Subsidiary Financial Performance

Shriram Polytech Ltd has demonstrated solid financial metrics, contributing meaningfully to DCM Shriram's overall operations. The subsidiary recorded strong performance indicators that support the joint venture's foundation.

Partner Profile and Market Positioning

Teknor Apex B.V., a wholly owned subsidiary of Teknor Apex Company based in USA, is a Dutch entity headquartered in Geleen, Netherlands, with operations in Genk, Belgium. The company primarily engages in manufacturing and selling thermoplastic elastomers in the European Union, Middle East, and Africa markets. Teknor Apex Company, founded in 1924 and headquartered in Pawtucket, Rhode Island, USA, is a global provider of plastic material science solutions.

Future Outlook and Market Opportunity

The PolyTek joint venture combines Shriram Polytech's strong domestic presence and manufacturing capabilities in vinyl compounds with Teknor Apex's global formulation expertise. This partnership aims to deliver high-performance, sustainable specialty polymer solutions for diverse industrial applications, leveraging India's emergence as one of the world's fastest-growing manufacturing and consumption hubs.

Consequent to this transaction, Shriram Polytech Ltd will cease to be a wholly owned subsidiary and will be reclassified as a joint venture of DCM Shriram, representing a significant milestone in the company's strategy to strengthen and grow its advanced materials polymer compounds portfolio while building global partnerships in high-growth sectors.

DCM Shriram Limited has announced a special facility for shareholders to re-lodge transfer requests for physical shares that were previously rejected or not processed. The initiative aims to provide relief to investors whose share transfer requests faced issues in the past.

Special Window Details

The company has opened a dedicated window for a period of one year to facilitate the re-lodgement of physical share transfer requests. This facility addresses the needs of shareholders whose transfer deeds encountered problems during processing.

Eligibility Criteria

The special window is available exclusively for specific categories of transfer requests that faced issues in the past. The facility has clear eligibility parameters to ensure proper utilization.

Eligible transfer requests include:

• Transfer deeds lodged prior to April 1, 2019
• Requests that were rejected due to deficiencies
• Transfer deeds that were returned to shareholders
• Applications that were not attended to due to document or process issues

Submission Process

Shareholders seeking to utilize this facility must submit their documents to the company's designated registrar and transfer agent. The process involves furnishing necessary documentation to support the transfer request.

Important Deadline

The company has emphasized that transfer requests submitted after February 4, 2027 will not be accepted by the company or its registrar. This deadline is firm and shareholders are encouraged to take advantage of this opportunity within the specified timeframe.

Regulatory Communication

DCM Shriram Limited has fulfilled its regulatory obligations by informing stock exchanges about this initiative. The company published newspaper advertisements on April 15, 2026 in Financial Express (All India Edition) and Jansatta (Delhi Edition) to ensure wide dissemination of information to shareholders. Company Secretary Deepak Gupta signed the communication to BSE Limited and National Stock Exchange of India Limited, confirming compliance with disclosure requirements.