Madhav Bansidhar Shriram Acquires Full Ownership of DCM Shriram International Ltd. Through Substantial Acquisition of Shares

Madhav Bansidhar Shriram has completed a substantial acquisition of shares in DCM Shriram International Ltd., acquiring a total of 43590115 shares, which is equivalent to 50.11% of the company's total voting capital. This acquisition was made through Madhav Bansidhar Shriram and persons acting in concert (PAC), which includes Alok Shriram, Suman Bansi Dhar, Urvashi Tilakdhar & Family, Akshay Dhar-Karta Tilak Dhar & Sons (HUF), Alok B. Shriram & Family, and Madhav B. Shriram & Family. The acquisition was made off-market via transfer, and the shares were acquired on the 13th of March, 2026. This acquisition has resulted in Madhav Bansidhar Shriram gaining full ownership of DCM Shriram International Ltd., with the total diluted share/voting capital of the company now being 86992185.