Alok Bansidhar Shriram 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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Awaiting price reaction for this filing.
Promoter Alok Bansidhar Shriram has filed a disclosure to acquire 65,53,596 shares (7.53% of share capital) of DCM Shriram Fine Chemicals from his wife Karuna Shriram, daughter Kanika Shriram, and son Rudra Shriram. The acquisition is priced at NIL as it is structured as an inter-family gift for consolidation of holding, scheduled for 13/03/2026. This transaction falls under Regulation 10(1)(a)(i) which exempts inter-se transfers between immediate relatives from the open offer requirement. Post-acquisition, the acquirer's shareholding (along with persons acting in concert) rises from 42.58% to 50.11%, crossing the 50% threshold for the first time. The total promoter group holding after the transaction stands at 50.11% of the company.
Since this is a non-cash inter-family gift between relatives, there is no real change in ultimate promoter control and no open offer is triggered. The market is unlikely to react significantly, but overall promoter commitment to the company appears strengthened by consolidation of family holdings in Alok Shriram's name.