DCM Shriram Consolidated has announced the liquidation of its wholly-owned step-down subsidiary, Bioseed Research USA Inc., effective December 15, 2025. The company disclosed this development to the stock exchanges on December 19, 2025, in compliance with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Subsidiary Liquidation Details

The liquidation became effective from December 15, 2025, following which Bioseed Research USA Inc. ceased to be a wholly-owned subsidiary of DCM Shriram Consolidated. The company received intimation of the liquidation on December 19, 2025, at approximately 4:00 a.m. IST.

Financial Position

As of March 31, 2025, Bioseed Research USA Inc. maintained a minimal financial footprint with the following position:

The subsidiary had no revenue or income contribution to DCM Shriram Consolidated during the last financial year, indicating limited operational activities.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Para A of Schedule III of SEBI Listing Regulations, 2015. The company also referenced compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD-2/CIR/P/0155 dated November 11, 2024.

Key regulatory aspects include:

• No sale agreement involved as the entity was voluntarily liquidated
• No buyer details applicable due to voluntary liquidation
• No related party transactions involved in the process
• Liquidation subject to necessary tax and accounting filings under local US laws

Corporate Structure Impact

With the liquidation of Bioseed Research USA Inc., DCM Shriram Consolidated's international subsidiary structure has been streamlined. The voluntary nature of the liquidation suggests a strategic decision to optimize the corporate structure and reduce administrative overhead for a non-operational entity.

The liquidation process remains subject to completion of necessary tax and accounting filings by Bioseed Research USA Inc. in accordance with local US laws and regulations.

DCM Shriram has announced a strategic partnership with Bayer CropScience Ltd through the signing of a memorandum of understanding (MoU) aimed at advancing sustainable and future-ready agriculture practices.

Strategic Partnership Details

The MoU between DCM Shriram and Bayer CropScience Ltd establishes a framework for collaboration in the agricultural sector, with a specific focus on sustainability initiatives. This partnership brings together the expertise and resources of both companies to develop innovative solutions for modern farming challenges.

Sustainable Agriculture Focus

The collaboration emphasizes the development of sustainable agricultural practices that align with future farming requirements. Both companies aim to leverage their combined capabilities to create solutions that address the evolving needs of the agricultural industry while maintaining environmental responsibility.

Industry Implications

This strategic alliance represents a significant development in the agricultural sector, as it combines DCM Shriram's diversified business expertise with Bayer CropScience's specialized knowledge in crop protection and agricultural innovation. The partnership is positioned to contribute to the advancement of sustainable farming practices in the Indian agricultural landscape.