News Corporate Actions DCM Shriram International: Promoter Madhav Shriram to Acquire 5.34% Stake Through Inter-Family GiftDCM Shriram International: Promoter Madhav Shriram to Acquire 5.34% Stake Through Inter-Family Gift
DCM Shriram International Ltd. has announced that promoter Madhav Bansidhar Shriram will acquire 5.34% additional stake through an inter-family gift transaction on March 13, 2026. The acquisition involves 4,643,075 shares from his wife and sons at nil consideration, increasing his group's holding from 44.77% to 50.11%. The transaction qualifies for exemption from open offer requirements under SEBI regulations as it involves inter-se transfer between immediate relatives for consolidation of holding.
*this image is generated using AI for illustrative purposes only.
DCM Shriram International Ltd. has announced a significant shareholding restructuring within its promoter group, with Madhav Bansidhar Shriram set to acquire an additional 5.34% stake in the company through an inter-family gift transaction. The acquisition, scheduled for March 13, 2026, involves the transfer of shares from his immediate family members at nil consideration.
Transaction Details
The proposed acquisition encompasses 4,643,075 shares, representing 5.34% of the company's total share capital. The shares will be transferred from three family members as detailed below:
| Transferor: | Number of Shares | Relationship |
|---|---|---|
| Divya Shriram | 3,647,854 | Wife |
| Uday Shriram | 961,628 | Son |
| Rohan Shriram | 33,593 | Son |
| Total | 4,643,075 | 5.34% |
The transaction is structured as an inter-family gift for consolidation of holding, with no monetary consideration involved. This arrangement qualifies for exemption from open offer requirements under Regulation 10(1)(a)(i) of SEBI Takeover Regulations, which covers inter-se transfers between immediate relatives.
Shareholding Impact
The transaction will significantly alter the promoter group's shareholding structure:
| Category: | Before Transaction | After Transaction |
|---|---|---|
| Shares | % Holding | % Holding |
| Acquirer & PACs | 38,947,040 (44.77%) | 43,590,115 (50.11%) |
| Sellers | 4,643,075 (5.34%) | - |
Following the completion of this transaction, Madhav Bansidhar Shriram and his group will hold 50.11% of the total share capital, up from the current 44.77%. This consolidation will strengthen the promoter group's control over the company.
Regulatory Compliance
The company has filed the requisite disclosure under Regulation 10(5) of SEBI Takeover Regulations. The acquirer has declared compliance with all conditions specified under regulation 10(1)(a) regarding exemptions. Both transferor and transferee have committed to comply with applicable disclosure requirements under Chapter V of the Takeover Regulations, 2011.
Current Promoter Structure
The detailed promoter shareholding reveals a well-distributed family holding structure. The Madhav B. Shriram family currently holds 8,942,299 shares (10.28%), while other key promoter entities include Alok Shriram Karta L. Bansi Dhar & Sons HUF with 12,028,267 shares (13.83%) and Mrs. Urvasi Tilakdhar & Family with 8,943,142 shares (10.28%). The total promoter holding stands at 43,590,115 shares, representing 50.11% of the company's equity.
This inter-family transfer represents a strategic consolidation move within the promoter group, aimed at streamlining shareholding structure while maintaining family control over the company's operations and strategic direction.
17
Access Market Heat-map & Insights 
Create, Save & Share your Screener 
Use 200+ Screening Filters 
