DCM SHRIRAM INDUSTRIES LTD.-$

DCM Shriram Industries Ltd. has announced its unaudited financial results for the quarter ended June 30, 2026. The results were prepared in accordance with Indian Accounting Standard 34 and reviewed by BSR & Co. LLP, Chartered Accountants. The company's Board of Directors has approved the statement. The review report indicates no material misstatements were found, and all required disclosures have been made as per SEBI Listing Regulations. The figures for the quarter ended March 31, 2026, are balancing figures between audited full-year results and year-to-date figures.

DCM Shriram Industries — now a standalone, sugar-only entity after the FY26 Composite Scheme of Arrangement hived off its fibres and chemicals businesses — posted Q1 FY27 (June 2026) revenue from operations of ₹293.63 Cr, essentially flat year-on-year (+0.1%, against the PDF's own restated June-2025 comparative of ₹293.42 Cr) and up 7.3% sequentially from ₹273.54 Cr. Profit told a very different story: PBT collapsed to ₹1.29 Cr from ₹16.29 Cr YoY (-92%) and ₹24.75 Cr QoQ (-95%), and PAT fell to ₹1.55 Cr from ₹10.69 Cr YoY (-85.5% reported) and ₹15.91 Cr QoQ (-90.3%). The reported PAT decline is flattered by a one-off: this quarter carried a net tax credit of ₹0.26 Cr (versus a ₹5.60 Cr tax expense a year ago) tied to modified FY24 and FY25 income-tax returns filed to give effect to the Scheme (Note 4). Normalising the current quarter to the year-ago effective tax rate (~34%), adjusted PAT would be roughly ₹0.85 Cr, an adjusted YoY decline of about -92% — in line with the PBT collapse rather than the softer -85.5% headline. The squeeze sits almost entirely on the cost side. Combined material cost (cost of materials consumed plus the swing in inventories) rose to ₹239.4 Cr from ₹220.7 Cr a year ago, only slightly ahead of revenue growth, but other expenses jumped 20.7% YoY to ₹32.91 Cr, and the net effect pulled the EBITDA-equivalent margin (OPM) down to roughly 2.4% this quarter from about 12.1% in the March 2026 quarter — a sharp sequential compression. Net profit margin fell to 0.53% from 5.77% QoQ and roughly 3.6% YoY on the restated base. As the sole reporting segment is Sugar (including distillery) — Note 5 — Q1 is a seasonally softer quarter for the industry ahead of the new crushing season, so part of the QoQ swing reflects seasonality rather than a standalone deterioration signal, though the YoY margin compression on flat revenue is the more telling read. We found no analyst consensus or brokerage preview specifically for DCM Shriram Industries Ltd (BSE: 523369) — a ~₹685 Cr market-cap sugar name — so vsStreet is unknown; searches surfaced only results for the separately listed, much larger DCM Shriram Limited (chemicals/Fenesta conglomerate), a different company that should not be conflated with this filing. Our records and the filing carry no formal management guidance either, so vsGuidance is also unknown. Management provided no separate press commentary in the filing beyond the regulatory notes; the results are accompanied only by the standard board-meeting cover letter and the auditor's unmodified limited-review opinion. The quarter's other company developments — the promoter-family shareholding realignments (Suman Bansi Dhar acquiring 3.46%, Madhav Shriram 30.93%, and disposals by Urvashi Tilakdhar and Alok Bansidhar Shriram of 10.28% each in early August 2026) — read as internal family/promoter-group restructuring around the same Composite Scheme rather than anything tied to this quarter's operating numbers. The key comparability point for readers: this filing's Note 2 discloses that pre-Scheme, the June-2025 quarter's total income and PAT were originally reported at ₹501.77 Cr and ₹17.79 Cr — the entity was far larger before the demerger. The restated, apples-to-apples comparative used in this statement (₹293.82 Cr total income, ₹10.69 Cr PAT) is the correct YoY base, and it is against that base that this quarter's profit decline should be read.

DCM Shriram Industries Ltd has announced that its Board of Directors will convene on August 13, 2026. The primary agenda item for this meeting is to consider and approve the Unaudited Financial Results for the quarter ending June 30, 2026. This announcement is made in compliance with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The notice will also be available on the company's website, www.dcmsr.com.

Suman Bansi Dhar has acquired 3,007,067 shares, representing 3.46% of the diluted share capital, in DCM Shriram Industries Limited. This acquisition was made under exemption Regulation 10(1)(a)(i) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, specifically through the distribution of assets via partition of a Hindu Undivided Family (HUF). The transaction involved the transferor Lala Bansi Dhar & Sons (HUF). The disclosure was filed with the stock exchanges on July 24, 2026. Post-acquisition, Suman Bansi Dhar's shareholding increased to 5.48%.

Shri Madhav Bansidhar Shriram has acquired a substantial 30.93% stake in DCM Shriram Industries Ltd. through an off-market inter-se transfer among promoters and immediate relatives. The transaction involved 2,69,06,382 equity shares and was executed on August 1, 2026. This move is part of a re-alignment and consolidation of shareholding within the promoter group and immediate family, including the dissolution of a HUF. The acquisition was made under exemptions provided by Regulation 10(1)(a)(i) & (ii) of SEBI (SAST) Regulations, 2011, and the necessary disclosure was filed with the stock exchanges on July 24, 2026, within the stipulated timeline. Madhav Bansidhar Shriram's shareholding increased significantly from 4.94% to 35.87% post-transaction.

Smt. Urvashi Tilakdhar, a promoter of DCM Shriram Industries Ltd, has disposed of 89,42,642 equity shares, representing 10.28% of the total share capital. The transaction, executed on August 1, 2026, was an off-market inter-se transfer among promoters and immediate relatives. Following the disposal, her direct holding in the company is now zero. The total equity share capital of the company remains unchanged at 86,992,185 shares. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Shri Alok Bansidhar Shriram has disclosed the disposal of 89,42,540 equity shares, representing 10.28% of the total share capital, in DCM Shriram Industries Ltd. The transaction, executed on August 1, 2026, was an off-market inter-se transfer among promoters and immediate relatives. Following the disposal, Shri Alok Bansidhar Shriram's holding in the company has reduced to zero. The total equity share capital of the company remained unchanged at 86,992,185 shares before and after the transaction. This disclosure is made under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Suman Dhar has acquired 3,007,067 shares, representing 3.42% of the total voting capital, in DCM Shriram Industries Ltd. This acquisition, executed off-market on August 1, 2026, increased Dhar's total holding to 4,764,227 shares, or 5.48% of the diluted capital. The transaction was slightly delayed due to a temporary procedural freeze on the demat account. The total diluted share capital of the company stands at 86,992,185 shares post-acquisition.

DCM Shriram Industries Ltd has filed a disclosure regarding an acquisition under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The acquisition involves Suman Bansi Dhar acquiring shares from Lala Bansi Dhar & Sons (HUF). The transaction is exempted from making an open offer under Regulation 10(1)(a)(i)(ii) as it pertains to the distribution of assets by an HUF. The acquirer's stake will increase from 36.28% to 50.11% post-acquisition. The proposed acquisition date is July 31, 2026, with 3,007,067 shares to be acquired at a price of ₹40.67 per share, representing 3.46% of the total share capital.

DCM Shriram Industries Ltd has received a disclosure regarding the acquisition of approximately 30.94% of the company's equity shares. The acquisition is being made by Madhav Bansidhar Shriram under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011, exempting the need for an open offer. The shares are being acquired through inter-family gifts from promoters and their immediate relatives, specifically from Shri Alok Bansidhar Shriram, Smt. Urvashi Tilakdhar, and Lala Bansi Dhar & Sons (HUF). The acquisition price is ₹40.67 per share, which is not more than 25% of the price computed based on market trading data. This transaction involves a transfer of shares within the promoter group, with no change in the overall promoter shareholding percentage.