DCM Shriram Limited has informed the Exchange about Consideration and approval, subject to approval of the shareholders of the Company, cancellation of 39,00,000 forfeited equity shares of the Company at it's meeting held on 13th May 2026.
DCMSHRIRAM · price
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DCM Shriram reported strong FY2026 results with revenue from operations at Rs. 13,797 crores (up 11% from Rs. 12,442 crores) and profit after tax of Rs. 838 crores (up 48% from Rs. 567 crores). The Board recommended a final dividend of Rs. 4 per share, bringing the total FY dividend to Rs. 11.20 per share (560% on Rs. 2 face value), up from Rs. 9 per share last year, totaling Rs. 175 crores in dividend payout. The Board also approved cancellation of 39 lakh forfeited equity shares (originally forfeited in 2005, split in 2005) worth Rs. 15.6 lakhs, subject to shareholder approval. Additionally, the wholly-owned subsidiary Hindusthan Specialty Chemicals will invest Rs. 101 crores to expand Formulated Resins capacity to 50K TPA, with DCM Shriram providing up to Rs. 100 crores in financial support.
The company delivered robust profit growth and increased dividend payout, signaling strong financial health. The share cancellation is minor in value but removes dormant shares from the register. The subsidiary expansion in specialty chemicals supports long-term growth.