NSEDisclosure under SEBI Takeover Regulations27 Jul 2026 · 27 Jul 2026, 11:08 am
Disclosure under SEBI Takeover Regulations
DCM Shriram Fine Chemicals Limited · DSFCL
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DCM Shriram Fine Chemicals Limited has submitted a revised disclosure under SEBI Takeover Regulations, correcting inadvertent clerical errors in the original disclosure. The revised disclosure relates to the acquisition of shares by Urvashi Tilakdhar, a promoter of the company, from other promoters. The acquisition is exempt from making an open offer due to being a gift among immediate relatives. The transferors and transferee have complied with applicable disclosure requirements.
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Urvashi Tilakdhar has Submitted to the Exchange a copy of Revised Disclosure under Regulation 10 (5) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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July 25th , 2026
To, To,
BSE Ltd. National Stock Exchange of India Ltd Exchange
Pheroze Jeejeebhoy Towers, Plaza, 5th Floor, Plot No. C-1,
Dalal Street, Fort, G Block, Bandra Kurla Complex, Bandra (E)
Mumbai-400001 Mumbai- 400 051
Scrip Code: 544703 Symbol: DSFCL
Sub: Revised Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in
respect of acquisition under Regulation 10(1)(a) of SEBI (SAST) Regulations, 2011
Sir/Madam,
In reference to the subject cited above, please find enclosed the Revised Disclosure under Regulation 10(5) of
the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This revised submission is being
made to rectify inadvertent clerical errors identified in the original disclosure filed on July 24, 2026.
Please note that these corrections do not alter the aggregate promoter shareholding and the nature of the inter-se
transfer. We kindly request the Exchange to take this revised, corrected disclosure on record, ignore our earlier
submission dated July 24, 2026, and condone the inadvertent oversight.
This is for your information and records.
Thanking you,
Yours faithfully,
Urvashi Tilakdhar
REVISED
Disclosures under Regulation 10(5) – Intimation to Stock Exchanges in respect of acquisition
under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers)
Regulations, 2011
1. Name of the Target Company (TC) DCM Shriram Fine Chemicals Ltd.
BSE Scrip: 544703
NSE Symbol: DSFCL
2. Name of the acquirer(s) Urvashi Tilakdhar
3. Whether the acquirer(s) is/ are promoters of the TC Yes
prior to the transaction. If not, nature of relationship
or association with the TC or its
promoters
4. Details of the proposed acquisition
a. Name of the person(s) from whom shares are to i. Mr. Madhav Bansidhar Shriram,
be acquired and
ii. Lala Bansi Dhar & Sons (HUF)
b. Proposed date of acquisition 31.07.2026
c. Number of shares to be acquired from each i. 89,41,864 (10.28%) equity shares of
person mentioned in 4(a) above Face Value Rs. 2 each held by Shri
Madhav B. Shriram.
ii. 90,21,200 (10.37%) equity shares of
Rs. 2 each out of the total 1,20,28,267
(13.83%) equity shares held by Lala
Bansi Dhar & Sons (HUF) on
dissolution.
d. Total shares to be acquired as % of share 20.65%
capital of TC
e. Price at which shares are proposed to be NIL
acquired
f. Rationale, if any, for the proposed transfer Inter-Family Gift out of love and affection
(among promoters / immediate relatives)
5. Relevant sub-clause of regulation 10(1)(a) under Reg. 10(1)(a)(i)
which the acquirer is exempted from making open
offer
6. If, frequently traded, volume weighted average ₹25.42 per share
market price for a period of 60 trading days preceding
the date of issuance of this notice as traded on the
stock exchange where the maximum volume of
trading in the shares of the TC are
recorded during such period.
7. If in-frequently traded, the price as determined in Not applicable being gift within the
terms of clause (e) of sub-regulation (2) of immediate relatives.
regulation 8.
8. Declaration by the acquirer, that the acquisition price Not applicable
would not be higher by more than 25% of the price
computed in point 6 or point 7 as
applicable.
9. Declaration by the acquirer, that the transferor and The acquirer declares that transferors and
transferee have complied / will comply with transferee will comply with applicable
applicable disclosure requirements in Chapter V of disclosure requirements in Chapter V of
the Takeover Regulations, 2011 the Takeover Regulations, 2011.
(corresponding provisions of the repealed
Takeover Regulations 1997)
10. Declaration by the acquirer that all the conditions Yes
specified under regulation 10(1)(a) with respect to
exemptions has been duly complied with.
11. Shareholding details Before the After the
proposed proposed
Transaction transaction
No. of % w.r.t total No. of % w.r.t
shares share capital shares total share
/ voting of TC / voting capital
rights rights of TC
a Acquirer(s) and PACs (other than sellers)(*) 2,56,27,051 29.46 4,35,90,115 50.11
Annexure - 1
b Seller (s) 1,79,63,064 20.65 - -
Urvashi Tilakdhar
(Acquirer)
Note
(*) Shareholding of each entity may be shown separately and then collectively in a group. The above
disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one
acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so
on behalf of all the acquirers.
There is no change in the Promoter shareholding which remains unchanged at 50.11%
Annexure – I
Pre-Acquisition No. of shares to be acquired from Post Acquisition
Sl. Name of the
(No. of shares) (No. of Shares)
No. Acquirer & PAC
58,89,611 Madhav B. Shriram – 8941864 2,38,52,675
(6.77%) Lala Bansi Dhar & - 9021200 (27.42%)
1. Urvashi Tilakdhar
Sons (HUF)
(3/4th shares on dissolution)
29,76,389 No change 29,76,389
Akshay
2. (3.42%) (3.42%)
Foundation
17,57,160 Lala Bansi Dhar & Sons (HUF) 47,64,227
Suman Bansi
3. (2.02%) transferred (1/4th shares on dissolution) (5.48%)
Dhar
– 30,07,067
89,42,540 No change 89,42,540
4. Alok B. Shriram (10.28) (10.28%)
89,41,864 Transferred to Mrs. Urvashi Tilakdhar -
Madhav B.
5. (10.28%)
Shriram
1,20,28,267 Transferred to Mrs. Urvashi Tilakdhar & -
Lala Bansi Dhar &
6. (13.83%) Mrs.Suman Bansi Dhar
Sons (HUF)
15,26,766 No change 1526766
7. Akshay Dhar (1.76%) (1.76%)
15,26,765 No change 1526765
8. Aditi Dhar (1.76%) (1.76%)
435 No change 435
9. Divya Shriram
318 No change 318
10. Sushil Kumar Jain
4,35,90,115 4,35,90,115
TOTAL
(50.11%) (50.11%)