Akshay Dhar has Submitted to the Exchange a copy of Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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Akshay Dhar, a promoter of DCM Shriram Fine Chemicals Ltd, has disclosed a proposed acquisition of 2,52,706 shares (0.29% of share capital) from Tilak Dhar & Sons (HUF) at NIL price, scheduled for 30.03.2026. The rationale given is distribution of assets by the HUF as part of a family partition. Post-acquisition, Akshay Dhar's individual holding will rise from 49.82% to 50.11% of the company. The total promoter group holding remains 50.11% (unchanged in aggregate), as the transfer is an internal reallocation within the promoter family. The transaction qualifies for exemption from open offer under Regulation 10(1)(a)(i) as it is an inter-promoter transfer.
No material impact on share price or minority shareholders — this is merely an internal reshuffling of promoter family holdings due to HUF partition, with no change in aggregate promoter ownership and no cash transaction. Shareholders should note that the listed company only began trading on 17.02.2026, making it newly listed.