DCM Shriram Limited has informed the Exchange regarding Notice of Postal Ballot
DCMSHRIRAM · price
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DCM Shriram has sent a Postal Ballot Notice to shareholders seeking approval for a Special Resolution to shift its registered office from Delhi to the State of Haryana, along with a corresponding change in the company's Memorandum of Association. The company states that its current Delhi office is on leased premises, while it already owns premises in Haryana from where key business and administrative functions are run, and the move is aimed at permanency, better supervision, and lower administrative costs. The board has confirmed there will be no retrenchment or employee transfers as a result of this change. Voting will be conducted electronically via NSDL from May 5, 2025 (9:00 AM) to June 3, 2025 (5:00 PM), with the cut-off date for eligibility set as April 25, 2025. Approval of the Central Government (Regional Director) is also required alongside shareholder consent.
This is a routine corporate housekeeping action with no material impact on business operations, financials, or shareholder value. Shareholders should vote before June 3, 2025 if they wish to participate in the decision.