Urvashi Tilakdhar 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.
DCMSIL · price
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Promoter Urvashi Tilakdhar is acquiring 25,45,373 shares (2.93% of share capital) from Akshay Dhar (12,74,060 shares) and Aditi Dhar (12,71,313 shares) through an inter-family gift at no cost. The transaction, scheduled for 25 March 2026, is exempt from an open offer under Regulation 10(1)(a)(i) as it is an inter-se transfer between immediate relatives. With this acquisition, the combined promoter group holding rises from 47.18% (4,10,44,742 shares) to 50.11% (4,35,90,115 shares), crossing the 50% majority threshold for the first time. The motive stated is consolidation of family holdings.
This is an internal family restructuring with no cash involved, so there is no direct impact on share price or company financials. However, the promoter group crossing the 50% threshold strengthens the founding family's absolute control over the company, which minority shareholders may view as either a sign of long-term commitment or reduced flexibility for change.