DCM Shriram Industries Limited has announced that the National Company Law Tribunal (NCLT) New Delhi Bench has reserved its order on a Composite Scheme of Arrangement involving multiple companies. The decision comes after a hearing held on September 30, 2025.

Details of the Scheme

The Composite Scheme of Arrangement involves the following companies:

1. Lily Commercial Private Limited (Transferor Company)
2. DCM Shriram Industries Limited (Transferee Company)
3. DCM Shriram Fine Chemicals Limited (Resultant Company 1)
4. DCM Shriram International Limited (Resultant Company 2)

The scheme is being processed under Sections 230 to 232 of the Companies Act, 2013, which deal with mergers, amalgamations, and arrangements between companies.

NCLT Hearing and Next Steps

According to the company's disclosure to the stock exchanges, the NCLT New Delhi Bench conducted a hearing on September 30, 2025, regarding the Composite Scheme of Arrangement (CP(CAA)-17/ND/2025). Following the hearing, the tribunal has reserved its order, indicating that the decision will be announced at a later date.

DCM Shriram Industries has stated that it will file a copy of the order with the stock exchanges once it is received from the NCLT. This step is in compliance with Regulation 30 of the Securities and Exchange Board of India (SEBI) Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.

Company Information

DCM Shriram Industries Limited is headquartered in New Delhi. The company's Corporate Identification Number (CIN) is L74899DL1989PLC035140.

Investors and stakeholders are advised to monitor further announcements from the company regarding the NCLT's decision on the Composite Scheme of Arrangement, as it may have significant implications for the involved entities.

DCM Shriram Industries Ltd. has reported a potential financial impact of Rs 8.81 crore following the reinstatement of import/export fees on denatured alcohol by the Excise Commissioner of Uttar Pradesh. This development comes in the wake of a Supreme Court order that upheld the state's authority to levy such fees.

Background

The Excise Commissioner of Uttar Pradesh has revoked a 2018 order that had suspended import/export fees on denatured alcohol. This action follows a Supreme Court order dated October 23, 2024, which affirmed the state's right to impose these fees.

Financial Impact and Company Response

DCM Shriram Industries disclosed the financial impact in a regulatory filing to the stock exchanges. The company stated that while there is "no material impact financially, operationally or otherwise," except for the Rs 8.81 crore amount, they have approached the government to reconsider the levy.

Timeline of Events

Legal Developments

The UP Sugar Mills Association, representing sugar mills and distilleries in Uttar Pradesh, filed a writ petition challenging the government's order. In response, the Allahabad High Court (Lucknow Bench) issued an interim stay on July 30, 2025. The next hearing is scheduled for August 28, 2025.

Company Statement

Y.D. Gupta, Company Secretary & Compliance Officer of DCM Shriram Industries, stated in the filing, "There has been no violation as the import / export fee was in abeyance and notified now retrospectively from 2018-19." The company also noted that there was a delay in reporting the matter as they were examining the legality of the order and exploring possibilities to challenge its retrospective application.

As the situation continues to evolve, stakeholders will be closely watching the outcome of the upcoming court hearing and any potential reconsideration by the government regarding the levy of these fees.