DCM Shriram Industries has informed the stock exchanges about a critical update regarding its Scheme of Arrangement. The National Company Law Tribunal (NCLT), New Delhi Bench, has extended the date for holding the meeting of the equity shareholders and unsecured creditors of DCM Shriram Industries. Originally scheduled for 27th January 2025, the meeting will now be held on 10th February 2025, as per the NCLT order received on 18th December 2024.

The meetings are scheduled to take place on Saturday, 8th February 2025, where the shareholders and creditors will consider the Scheme of Arrangement between Lily Commercial Private Limited (LCPL), DCM Shriram Industries Limited (DCMSR), DCM Shriram Fine Chemicals Limited (DSFCL), and DCM Shriram International Limited (DSIL). This extension is essential for ensuring the smooth progression of the scheme under Sections 230 to 232 of the Companies Act, 2013.

This rescheduling of the meeting comes after the receipt of the NCLT's order and reflects the corporate restructuring process that is underway. The Company will disclose the Notice, Explanatory Statement, and other relevant documents separately, in compliance with the Listing Obligations.

DCM Shriram's Scheme of Arrangement aims to reorganize the corporate structure and will be closely monitored by the shareholders and creditors. With this new meeting date, the company is ensuring full compliance with the legal and regulatory requirements while maintaining transparency with its stakeholders. This restructuring is seen as a critical step in the growth and evolution of DCM Shriram Industries.

As stakeholders await further details on the matter, the company has made these updates available through both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), ensuring that all the interested parties have access to the latest information.

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