StockWatch
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Diversified
Management Change26 Oct 2026, 06:00 pm

DCM Shriram Appoints New Nominee Director from LIC

AI Summary

DCM Shriram's Board of Directors has approved the appointment of Mr. Salil Vishwanath as a Nominee Director representing LIC, effective November 1, 2026. This appointment follows a letter from LIC and a recommendation from the Nomination, Remuneration and Compensation Committee. Mr. Rabinarayan Mishra will cease to be a director on the same date. The Board also approved unaudited financial results for Q2 FY27, declared an interim dividend of 200% (₹4 per share), and sanctioned capital expenditures for a joint venture, cement plant improvements, a solar power plant, and electrolyser purchases for its caustic plants.

Key Highlights

  • Mr. Salil Vishwanath appointed as Nominee Director for LIC.
  • Interim dividend of 200% (₹4 per share) declared.
  • Approved equity investment of up to ₹50 Cr in Shriram Teknor JV.
  • Sanctioned capital expenditure for cement, solar, and electrolyser upgrades.
  • Unaudited financial results for Q2 FY27 approved.