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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Promoter Alok Bansidhar Shriram will acquire 65,53,596 shares (7.53% of share capital) of DCM Shriram Industries from his wife Karuna Shriram (41,38,462 shares), daughter Kanika Shriram (14,56,332 shares), and son Rudra Shriram (9,58,802 shares). The transaction is a gift with NIL consideration, done for consolidation of family holding. It qualifies for exemption from open offer under Regulation 10(1)(a)(i) as an inter-se transfer between immediate relatives. After the transfer, Alok Shriram's holding will rise from 42.58% to 50.11%, crossing the 50% mark. The proposed acquisition date is 13/03/2026, and the 60-day VWAP of the stock is Rs. 40.70.
No cash outflow or fresh equity issuance — this is an internal family reshuffle of promoter holdings, so there is no direct impact on share price or company financials. Total promoter group shareholding remains unchanged at 50.11%. Retail investors should note the crossing of the 50% promoter threshold, but this is a routine intra-family consolidation with no change in management control.