DCW Limited has informed the Exchange regarding 'Report from the Audit Committee and Independent Directors of the Company certifying distribution of proceeds to eligible shareholders of fractional shares pursuant to Scheme of Amalagamation'.
DCW · price
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On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.3 pts less than its Petrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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DCW Limited has completed the amalgamation of two private companies - Dhrangadhara Trading Company Private Limited (DTCPL) and Sahu Brothers Private Limited (SBPL) - into DCW Limited. The NCLT Ahmedabad Bench approved the scheme on January 22, 2026, with an effective date of February 17, 2026. On February 19, 2026, DCW allotted 5,37,40,360 equity shares of ₹2 each to eligible shareholders of both transferor companies (12,80,500 to DTCPL and 5,24,59,860 to SBPL shareholders). The company has now certified that fractional share entitlements (10 shares) were sold in the open market on May 15, 2026 by a nominated trustee, and net proceeds of ₹446.65 were distributed to 18 eligible shareholders on May 25, 2026. This filing is a post-completion SEBI compliance requirement.
The scheme completion has increased DCW's share capital significantly. The company has fulfilled all regulatory obligations under the SEBI Master Circular for handling fractional share compensation. Shareholders of DTCPL and SBPL have received DCW equity shares proportionate to their holdings.