Dcm Shriram Industries Limited has informed the Exchange about Updates on Composite Scheme of Arrangement
DCMSRIND · price
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Awaiting price reaction for this filing.
DCM Shriram Industries has provided an update on its Composite Scheme of Arrangement involving Lily Commercial Private Limited (transferor), DCMSR (transferee), DCM Shriram Fine Chemicals, and DCM Shriram International under Sections 230-232 of the Companies Act, 2013. The NCLT New Delhi Bench heard the matter on 13th June 2025 and directed fresh notices to the Principal CCIT, Delhi, and other sectoral regulators due to their non-appearance. The company has complied with NCLT's directions and filed the compliance affidavit. The next hearing is scheduled for 31 July 2025.
No immediate impact on shareholders as this is a procedural update. Investors should monitor the 31 July 2025 hearing for further progress on the scheme, which involves a restructuring with two resultant companies (DSFCL and DSIL).