DCM Shriram Industries shares are in focus as the stock began trading on an ex-demerger basis following the December 26 record date for its approved demerger scheme. The company had initially announced December 19 as the record date before revising it to December 26.

Trading Timeline and Eligibility

Under the updated timeline and T+1 settlement cycle, December 23 was the final day for investors to purchase shares to remain eligible for demerger benefits. Since December 25 was a market holiday for Christmas, the stock commenced ex-demerger trading on December 24. Shares purchased on or after this date are not entitled to receive shares in the resulting entities.

Demerger Structure and Approvals

The demerger has received approval from the National Company Law Tribunal (NCLT), New Delhi Bench. The reorganisation involves creating two newly formed listed entities alongside the residual company:

Share Allocation Terms

Shareholders holding equity shares as of the record date will receive shares in a 1:1:1 ratio. The allocation structure provides:

• One share retained in residual DCM Shriram Industries
• One fully paid-up equity share of ₹2.00 each in DSFCL
• One fully paid-up equity share of ₹2.00 each in DSIL

Practical Example

For illustration, an investor holding 50 shares of DCM Shriram Industries as of the record date will:

The equity shares of both demerged entities will be credited to eligible shareholders after completion of necessary procedural formalities and implementation processes.

DCM Limited has announced the resignation of its Company Secretary and Compliance Officer, marking a significant change in the company's key managerial personnel structure.

Key Personnel Change Details

Mr. Arjit Gupta, who served as Company Secretary, Compliance Officer, and Key Managerial Personnel, has tendered his resignation effective December 12, 2025. The resignation was formally submitted through a letter dated November 12, 2025, addressed to Managing Director Mr. Vinay Sharma.

Regulatory Compliance and Disclosure

The company has fulfilled its regulatory obligations by informing both major stock exchanges about this personnel change. DCM Limited communicated the resignation to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The disclosure was made pursuant to SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring full transparency regarding changes in key managerial positions.

Resignation Process and Documentation

In his resignation letter, Mr. Gupta formally stepped down from all statutory and designated positions within the company. He specifically requested the company to file necessary forms with the Registrar of Companies, Ministry of Corporate Affairs, and provide intimation to stock exchanges to give effect to his resignation.

The resignation follows a mutually agreed timeline, with December 12, 2025, established as the last working day. This structured approach ensures smooth transition and compliance with all regulatory requirements for key managerial personnel changes.