DCMSR demerger scheme gets NCLT approval; record date Dec 19, 2025

Scheme filed with the NCLTDemerger ratio announcedCore business divestedStrategic Transactions View source PDF Explain this filing

DCMSRIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹166.90

prior close

₹169.12

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-1.6% vs market

Sugar peers, median of 27sector+1.3%-2.4% vs sector

On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 2.4 pts less than its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.0

10m

-0.7

15m

-1.0

30m

-1.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.1+0.4-1.6+1.3-2.4

Next day

-1.1+0.7-1.8+0.7-1.8

-0.9+1.2-2.1+0.1-1.1

+0.7+0.6+0.1-0.7+1.3

-0.5-0.3-0.1-1.5+1.0

-0.8-0.7-0.2-1.9+1.0

-0.7+2.0-2.6-1.1+0.5

15d

-67.2+2.7-69.8-1.5-65.7

-72.4-2.3-70.1-6.5-65.9

-76.4+0.6-77.0-7.5-68.9

-78.7-8.3-70.4-9.4-69.3

UpDownMarket · Nifty Microcap 250Sector · Sugar peers, median of 27Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

NCLT has approved DCM Shriram Industries' composite scheme of arrangement. The chemical business will demerge into DCM Shriram Fine Chemicals (DSFCL) and the rayon business into DCM Shriram International (DSIL). DCMSR will retain its sugar, power and alcohol business and stay listed. Shareholders get 1 DSFCL share and 1 DSIL share for every 1 DCMSR share held. Record date is December 19, 2025. New shares of DSFCL and DSIL will list on BSE and NSE.

Likely market impact

Shareholders get additional DSFCL and DSIL shares on Dec 19 record date. DCMSR share price will adjust for the demerger. Two new entities to list on BSE/NSE.