DCM Shriram Limited has informed the Exchange regarding Consideration and approval of the Board, 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
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
DCM Shriram reported standalone revenue of Rs 13,797 crore for FY2026, up 11% from Rs 12,442 crore in FY2025. Standalone PAT surged 48% to Rs 837.55 crore from Rs 566.53 crore, boosted by a Rs 239.48 crore deferred tax credit from adopting the new corporate tax rate (Section 115BAA). Q4 PAT was Rs 371 crore vs Rs 174.69 crore year-ago. Board recommended final dividend of Rs 4 per share (200%), making total FY2026 dividend Rs 11.20 per share (560%) vs Rs 9 in FY2025. The Board approved cancellation of 39 lakh forfeited shares (originally forfeited in 2005) subject to shareholder nod. Wholly-owned subsidiary HSCL will invest Rs 101 crore to expand Formulated Resins capacity to 50K TPA, with DCM Shriram providing Rs 100 crore financial assistance. Auditors gave clean/unmodified opinion. During the year, the company fully commissioned 52K TPA ECH capacity and sold its 50% stake in Shriram Polytech to Teknor Apex, making it a JV.
Strong profit growth driven by tax benefit and operational improvement. Share cancellation is neutral (minor) and signals capital restructuring. Clean audit and higher dividends are positive for investor confidence.