Dollar Industries Limited has informed the Exchange about Scheme of Arrangement
DOLLAR · price
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On September 26, 2025, the board of Dollar Industries Limited (DIL) approved a composite scheme involving the demerger of Dindayal Texpro Private Limited (DTPL) into DIL and the merger of 8 promoter group companies (Adds Projects, Amicable Properties, Bhawani Yarns, Dollar Brands, Goldman Trading, KPS Distributors, PHPL Properties, and Zest Merchants) into DIL. The scheme, effective from appointed date April 1, 2025, will result in issuance of 29,80,138 new equity shares of Rs 2 each to shareholders of the merging entities based on share exchange ratios (e.g., DTPL 10:135, DBPL 10:358, BYPL 10:552). DIL's standalone revenue is Rs 1,68,218.59 lakhs and net assets are Rs 86,484.54 lakhs as of March 31, 2025. The scheme aims to simplify the group structure, consolidate the 'Dollar' brand into the listed entity, achieve vertical integration in manufacturing, and reduce related-party transactions. KPMG Valuation Services provided the valuation and V C Corporate Advisors gave the fairness opinion. The scheme is subject to shareholder, SEBI, NCLT, and stock exchange approvals.
This is a promoter group restructuring that brings the 'Dollar' brand, real estate holdings, and contract manufacturing arms into the listed company, reducing related-party transactions and improving operational control. Existing public shareholders will see a small dilution of about 1.4% (public holding falls from 27.79% to 26.40%), while promoter holding rises to 73.60%. Near-term stock reaction is likely neutral, with long-term benefits from a cleaner structure, better earnings visibility, and stronger brand control.