StockWatch
·
Diversified
Dividend26 Oct 2026, 06:00 pm

DCM Shriram Declares 200% Interim Dividend, Approves Investments

AI Summary

DCM Shriram's Board of Directors has declared an interim dividend of 200% (₹4 per equity share) for FY'27, with a record date of October 30, 2026. The board also approved unaudited financial results for the quarter and half-year ended September 30, 2026. Key investments include up to ₹50 crores in its joint venture Shriram Teknor Limited for new manufacturing lines, ₹60 crores for filter presses at its Kota Cement Plant, ₹145 crores for a solar power plant at Kota, and ₹120 crores for additional electrolysers at its Kota and Bharuch Caustic plants. Additionally, the board approved the appointment of Mr. Salil Vishwanath as a Nominee Director of LIC, replacing Mr. Rabinarayan Mishra.

Key Highlights

  • Interim dividend of 200% (₹4 per share) declared for FY'27.
  • Unaudited financial results for Q2 FY27 approved.
  • ₹50 Cr investment in Shriram Teknor JV for specialty PVC grades.
  • Capital expenditure approved for cement plant, solar power, and electrolysers.
  • New Nominee Director from LIC appointed.