The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhav Bansidhar Shriram & Others
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Uday Shriram, part of the promoter group (Mr. Madhav B. Shriram & Family), has sold his entire 961,628 shares (1.11% of the company's equity) in DCM Shriram Fine Chemicals Ltd via an off-market transaction on 13 March 2026. This was disclosed under SEBI's Takeover Regulations by Madhav Bansidhar Shriram as a Person Acting in Concert (PAC). Before the sale, Uday Shriram held 1.11%; after the sale, his holding is zero. The company has 8.69 crore equity shares in total. The broader promoter and PAC group holds 50.11% as listed in the filing, which includes the shares now sold — meaning post-transaction promoter holding likely falls just below the 50% mark.
This is an off-market transfer within the promoter family rather than a market selloff, so it should not pressure the stock price. However, it reduces the promoter group's aggregate holding to roughly 49%, dropping them below the psychologically important 50% threshold for the first time.