The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhav Bansidhar Shriram
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Madhav Bansidhar Shriram, part of the promoter group of DCM Shriram International Ltd, acquired 46,42,640 equity shares (5.34% of voting capital) through an off-market transaction on 19 March 2026. His individual stake rose from 4.94% (42,99,224 shares) to 10.28% (89,41,864 shares). The acquisition was filed under Regulation 29(2) of the SEBI Takeover Regulations. The promoter and Persons Acting in Concert (PAC) group's collective holding stands at 50.11% of the company, indicating the shares were likely reallocated within the promoter family (inter-se transfer) rather than acquired from the market.
This is an internal reshuffling within the promoter family, so overall promoter control of the company remains unchanged at 50.11%. No new public shareholders are affected, and there is no change in management control. For retail investors, this signals stability in promoter shareholding rather than any change in the company's direction.