BSEInsider Trading / SAST4 Aug 2026 · 4 Aug 2026, 05:33 pm
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Madhav B Shriram
DCM Shriram Fine Chemicals Ltd · 544703
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DCM Shriram Fine Chemicals Ltd has received a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, regarding the disposal of 89,41,864 equity shares (10.28%) by Madhav B. Shriram, a promoter, to Urvashi Tilakdhar and others.
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Full Announcement
DCM Shriram Fine Chemicals Ltd - 544703 - Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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04th August, 2026
To, To,
The Corporate Relationship Department National Stock Exchange of India Ltd
BSE Ltd. Exchange Plaza, 5th Floor, Plot No. C-1,
Pheroze Jeejeebhoy Towers, G Block, Bandra Kurla Complex, Bandra
Dalal Street, (E) Mumbai- 400 051
Mumbai-400001
Symbol: DSFCL
Scrip Code: 544703
Sub: Submission of Disclosure under Regulation 29(2) of SEBI (Substantial
Acquisition of Shares and Takeovers) Regulations, 2011
Sir/Madam,
Please find enclosed the disclosure in the prescribed format under Regulation 29(2) of the
SEBI (SAST) Regulations, 2011.
This disclosure is being submitted in respect of the disposal of 89,41,864 equity shares
(10.28%) of DCM Shriram Fine Chemicals Ltd. by the undersigned. The disposal was
executed on August 1, 2026, by way of an off-market inter-se transfer among promoters
and immediate relatives.
We request you to kindly take the enclosed disclosure on your records.
Thanking you,
Yours faithfully,
Madhav B. Shriram
Seller / Promoter
Encl.: As above
Disclosures under Regulation 29(2) of SEBI (Substantial Acquisition of Shares
and Takeovers) Regulations, 2011
Name of the Target Company (TC) DCM SHRIRAM FINE CHEMICALS LIMITED
Name(s) of the acquirer / Seller and Madhav B. Shriram
Persons Acting in Concert (PAC) with (Refer Annexure – 1)
the acquirer
Whether the acquirer / Seller Yes
belongs to Promoter / Promoter group
Name(s) of the Stock Exchange(s) NSE & BSE
where the shares of TC are Listed
Details of the acquisition / disposal as Number % w.r.t. total % w.r.t. total
follows share/voting diluted
capital share/voting
wherever capital of the
applicable (*) TC (**)
Before the acquisition/
Disposal under consideration,
holding of:
a) Shares carrying voting rights 89,41,864 10.28 10.28
b) Shares in the nature of - - -
encumbrance (pledge/ lien/ non-
disposal undertaking/ others)
c) Voting rights (VR) otherwise than - - -
by shares
d) Warrants/convertible securities/any - - -
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the T C (specify
holding in each category)
e) Total (a+b+c+d) 89,41,864 10.28 10.28
Details of acquisition / Disposal
a) Shares carrying voting rights 89,41,864 10.28 10.28
acquired / sold -
b) VRs acquired /sold otherwise than - -
by shares -
c) Warrants/convertible securities/any - -
other instrument that entitles the
acquirer to receive shares carrying
voting rights in the TC (specify
holding in each category)
acquired/sold -
d) Shares encumbered / invoked / - -
released by the acquirer 89,41,864
e) Total (a+b+c+/-d) 10.28 10.28
After the acquisition / disposal,
holding of:
a) Shares carrying voting rights 0 0 0
acquired
b) Shares encumbered with the - - -
acquirer
c) VRs otherwise than by shares - - -
d) Warrants / convertible securities / - - -
any other instrument that entitles
the acquirer to receive shares
carrying voting rights in the TC
(specify holding in each category)
after acquisition
e) Total (a+b+c+d) 0 0 0
Mode of acquisition / sale (e.g. open Off-Market
market / off-market / public issue / rights
issue / preferential allotment / inter-se
transfer etc).
Date of acquisition / sale of shares / VR 01.08.2026
or date of receipt of intimation of
allotment of shares, whichever is
applicable
Equity share capital / total voting capital 86992185
of the TC before the said acquisition /
sale
Equity share capital/ total voting capital 86992185
of the TC after the said acquisition / sale
Total diluted share/voting capital of the 86992185
TC after the said acquisition
(*) Total share capital/ voting capital to be taken as per the latest filing done by the
company to the Stock Exchange under Clause 35 of the listing Agreement.
(**) Diluted share/voting capital means the total number of shares in the TC assuming full
conversion of the outstanding convertible securities/warrants into equity shares of the TC.
Note: The execution of the off-market transfer was delayed by one day due to a
temporary, procedural freeze placed on the relevant demat account(s) by the Depository.
The shares were successfully unfrozen on August 1, 2026, and the inter-se transfer was
executed immediately on the same day.
(Madhav B. Shriram)
Signature of the seller
Place: New Delhi
Date: 04.08.2026
******
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%)