The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Alok Shriram
DSFCL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Promoter group member Rudra Shriram (part of the Alok B. Shriram family) sold his entire holding of 958,802 shares (1.10% of equity) in DCM Shriram Fine Chemicals on March 13, 2026, through an off-market transaction. After the sale, his individual holding is reduced to zero. The disclosure was filed under Regulation 29(2) of SEBI Takeover Regulations by Alok Bansidhar Shriram on March 16, 2026. The total equity capital of the company remains unchanged at 86,992,185 shares. With this sale, the promoter group's combined holding drops from 50.11% to approximately 49.01%, slipping below the 50% mark for the first time.
The promoter group falling below 50% may change market perception of promoter control and could have implications for any future open offer triggers. However, since this was an off-market transfer, it likely reflects intra-family restructuring rather than a loss of confidence in the company, which should limit negative price reaction.