DCM Shriram Industries Limited (DCMSR) has made a public announcement regarding a Composite Scheme of Arrangement involving Lily Commercial Private Limited, DCM Shriram Industries Limited, DCM Shriram Fine Chemicals Limited (DSFCL), and DCM Shriram International Limited (DSIL).
This scheme of arrangement has been approved by the Hon’ble National Company Law Tribunal (NCLT), New Delhi Bench, vide its order dated 21 November 2025. For the purpose of this corporate action, 26 December 2025 has been fixed as the record date
.
As per the scheme, shareholders of DCM Shriram Industries Limited will receive:
1 equity share of ₹2 each fully paid-up of DCM Shriram Fine Chemicals Limited (DSFCL) and
1 equity share of ₹2 each fully paid-up of DCM Shriram International Limited (DSIL)
for every 1 equity share of ₹2 each fully paid-up held in DCMSR
.
For example, if you held 500 shares of DCM Shriram Industries Limited as on the record date, you will receive 500 shares of DSFCL and 500 shares of DSIL.
Any remaining fractional entitlement, if applicable, will be settled as per the scheme terms.
Under the scheme, the chemical business and rayon business of DCMSR are being demerged into DSFCL and DSIL, respectively. DCM Shriram Industries Limited will continue as a listed entity, focusing on its sugar, power, and alcohol businesses
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The shares of DSFCL and DSIL will be listed on BSE and NSE after allotment and completion of necessary formalities. Until listing, these shares will appear under the unlisted section of your demat account and become tradable post-listing
The average buy price of your DCMSR holdings, along with the newly allotted shares, will be updated after the company announces the Cost of Acquisition (COA) post-demerger
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