DCW Limited has compensated shareholders eligible for fractional shares arising from its amalgamation with Dhrangadhara Trading Company Private Limited and Sahu Brothers Private Limited. The company distributed net sale proceeds aggregating to ₹446.65 to 18 shareholders on May 25, 2026, via direct credit into their bank accounts. This compensation follows the sale of consolidated fractional shares in the open market by the appointed trustee.

The National Company Law Tribunal, Ahmedabad Bench, sanctioned the Scheme of Amalgamation on January 22, 2026. The scheme became effective on February 17, 2026, with an appointed date of July 01, 2024. Pursuant to the scheme, DCW Limited allotted 12,80,500 fully paid-up equity shares of ₹2 each to shareholders of Dhrangadhara Trading Company Private Limited and 5,24,59,860 fully paid-up equity shares of ₹2 each to shareholders of Sahu Brothers Private Limited on February 19, 2026.

The Board of Directors of DCW Limited consolidated fractional entitlements and allotted these shares to a trustee, Mr. Romu Manik Malkani. The trustee sold 10 equity shares in the open market on May 15, 2026, through Ventura Securities Limited. This sale occurred within 90 days from the date of allotment, as required under the SEBI Master Circular.

The Audit Committee and Independent Directors of DCW Limited reviewed the process and certified that the company had compensated the eligible shareholders. The Independent Directors certified the process on May 26, 2026, while the Audit Committee provided its certification on May 28, 2026. Their reports were submitted to the stock exchanges to comply with Part – I(D) of SEBI Master Circular number SEBI/HO/CFD/POD-2/P/CIR/2023/93 dated June 20, 2023. The committee considered documents including the NCLT order, the return of allotment (Form PAS-3), and the contract note for the sale of shares.

Key Amalgamation Details

The completion of this compensation marks the final step in the share issuance process related to the amalgamation scheme.

DCW Limited has commenced its second 100-day campaign titled 'Saksham Niveshak' to assist shareholders in updating their KYC and related details. The campaign is scheduled from April 1, 2026, to July 9, 2026. This initiative follows a directive from the Investor Education and Protection Fund Authority (IEPFA) and the Ministry of Corporate Affairs, urging companies to help shareholders claim unpaid dividends and update their records.

The primary objective of the campaign is to ensure active engagement with shareholders to prevent the transfer of unpaid or unclaimed dividends to the IEPF. Shareholders are advised to update their KYC details, including PAN, bank account information, and contact details, to facilitate timely processing of dividends.

Key Actions for Shareholders

Shareholders are requested to undertake the following actions during the campaign period:

• Update KYC details, bank account information, and contact details such as postal address, email, and telephone number.
• Check for and claim any unpaid dividends.
• Verify shareholdings and claim any dividends or amounts already transferred to the IEPF.

Important Notice

Under applicable regulations, if dividends remain unclaimed for a period of seven years, the amount is transferred to the IEPF. Shareholders are encouraged to act promptly during the campaign period to secure their entitlements and ensure compliance with regulations. For further information, shareholders may visit the official IEPF website or contact the company's registrar and share transfer agent.

The communication regarding this campaign has been published in newspapers including Business Standard and Financial Express. The details are also available on the company's website.