DCM Shriram Industries Limited has successfully concluded its postal ballot process, with shareholders demonstrating overwhelming support for all four proposed special resolutions. The company announced the results on February 25, 2026, following the completion of remote e-voting that concluded on February 24, 2026.

Postal Ballot Overview

The postal ballot notice dated January 13, 2026, sought shareholder approval for four critical appointments through special resolutions. The e-voting process commenced at 9:00 A.M. IST on January 26, 2026, and concluded at 5:00 P.M. IST on February 24, 2026. Shareholders holding shares as of the cut-off date of January 19, 2026, were eligible to participate in the voting process.

Resolution Results Summary

All four special resolutions received exceptional shareholder support, with approval rates exceeding 99.89% across all proposals:

Key Appointments

Independent Directors

The company secured approval for appointing two independent directors to strengthen its board composition. Mr. Anurag Surana (DIN: 00006665) and Mr. Sidharth Prasad (DIN: 00074194) were both appointed as Independent Directors, with their appointments receiving strong endorsement from shareholders.

Management Positions

Two significant management appointments were also approved. Mr. Uday Shriram (DIN: 11407307) was appointed as Director liable to retire by rotation and Deputy Managing Director, effective from December 23, 2025. Similarly, Mr. Rohan Shriram (DIN: 08940521) was appointed as Director liable to retire by rotation and Whole Time Director, also effective from December 23, 2025.

Voting Participation Analysis

The postal ballot witnessed substantial participation across different shareholder categories:

Scrutinizer's Confirmation

The voting process was scrutinized by Kamaljit Singh of K Singh and Associates, Company Secretaries (FCS No. 11335, CP No. 16847), who confirmed the fair and transparent conduct of the remote e-voting process. The scrutinizer's report, dated February 25, 2026, validated that all resolutions were passed with the requisite majority as per the Companies Act, 2013, and related rules.

Regulatory Compliance

The postal ballot was conducted in accordance with Sections 108 and 110 of the Companies Act, 2013, and Rules 20 and 22 of the Companies (Management and Administration) Rules, 2014. The process also complied with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant MCA circulars. The company utilized KFin Technologies Limited as the e-voting service provider and registrar and transfer agent for the process.

DCM Shriram Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance and successful completion of a major corporate restructuring. The sugar and distillery company reported significant growth in profitability while navigating through various regulatory and operational challenges.

Financial Performance Highlights

The company delivered impressive financial results for the third quarter of FY26, with substantial improvements across key performance indicators.

Nine-Month Performance Shows Exceptional Growth

The nine-month performance for FY26 showcased even more remarkable growth, with the company significantly outperforming the previous year's results.

Major Corporate Restructuring Completed

A significant milestone was achieved during the quarter with the completion of a comprehensive corporate restructuring scheme. The National Company Law Tribunal sanctioned the Composite Scheme of Arrangement on November 21, 2025, which became effective on December 17, 2025.

The restructuring involved two major components:

• Amalgamation of Lily Commercial Private Limited: The company acquired net assets of ₹6,271 lakhs and reserves of ₹5,626 lakhs from Lily, with 50.11% of shares previously held by Lily being cancelled and redistributed to Lily's shareholders

• Demerger of Chemical and Rayon Undertakings: Net assets of ₹15,336 lakhs and ₹22,495 lakhs were transferred to DCM Shriram Fine Chemicals Limited and DCM Shriram International Limited respectively, along with corresponding surplus amounts

Operational and Regulatory Updates

The company operates primarily in the sugar and distillery segment, with business activities falling within a single primary segment. DCM Shriram Industries has maintained its focus on core operations while addressing various regulatory challenges.

Key operational developments include:

• Implementation of new accounting practices from April 1, 2025, discontinuing the deferral of off-season expenditure to align with industry practices • Ongoing legal proceedings regarding VAT and GST chargeability on certain supplies, with adequate provisions maintained • Assessment of new labour codes notified by the Government of India, with no material financial impact expected

Financial Position and Outlook

The company maintained a stable equity share capital of ₹1,740 lakhs throughout all reported periods. The financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 14, 2026.

The statutory auditors conducted a limited review of the results, which had no impact on the reported figures. As a standalone entity with no subsidiaries, associates, or joint ventures, the company's financial statements reflect its focused business approach in the sugar and distillery sector.