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.
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Mrs. Urvashi Tilakdhar, a promoter, is acquiring 5,08,158 shares (0.58% of share capital) of DCM Shriram International from Tilak Dhar & Sons (HUF) at NIL consideration, as part of the partition of the HUF's assets. The transaction, scheduled for 30 March 2026, is an inter se transfer among promoters and is exempted from the open offer requirement under Regulation 10(1)(a)(ii). After the transfer, the combined promoter and PAC group holding rises from 49.53% to 50.11%, marginally crossing the 50% threshold. The shares originally came to the HUF from the amalgamation of Lily Commercial Pvt. Ltd. and the subsequent NCLT-approved demerger of DCM Shriram Industries into DCM Shriram International and DCM Shriram Fine Chemicals, making promoter shareholding a mirror image across the three group companies.
This is a non-cash, internal family re-arrangement with no dilution or change in the overall promoter group's economic interest beyond a marginal redistribution. It is unlikely to have any material impact on the stock price, though it does formally push the promoter group marginally above the 50% mark.