DCM Shriram Industries logo

DCM Shriram Industries CEO, MD, chairman, board of directors and AGM

NSE: DCMSRINDBSE: 523369Agricultural Food & other ProductsSmall Cap

Last close ₹49.97up ₹1.47 (3.03%)BSE ₹50.10

Share price at the NSE close on 23 Oct 2026. Previous close ₹48.50.

52-week range of traded prices to 23 Oct 2026
₹31.90Low, 24 Mar 2026₹179.90High, 29 Oct 2025
Market cap
₹435 Cr2,030th largest listed
P/E
Demergerin the last 12 months
P/B
1.2
Dividend yield
0.80%
ROE
Demergernew accounts awaited
ROCE
Demergernew accounts awaited
Debt to equity
1.16
Volume, NSE
1,95,61,7196.4% delivered

DCM Shriram Industries board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonSUNIL BEHARI MATHUR
  • Managing director and CEOMADHAV BANSIDHAR SHRIRAM
  • Managing directorUDAY SHRIRAM
  • Company Secretary and Compliance OfficerYAGYA DATT GUPTA

12 directors4 independent4 executive4 non-executive

  • SUNIL BEHARI MATHUR · ChairpersonNon-executive · joined May 2014 · reappointed Apr 2024 · 3 listed boards · 3 committee seats, 1 as chair
  • MADHAV BANSIDHAR SHRIRAM · Managing director and CEOExecutive · joined Oct 2005 · reappointed Oct 2023 · 1 listed board · 1 committee seat
  • UDAY SHRIRAM · Managing directorExecutive · joined Dec 2025 · reappointed Dec 2025 · 1 listed board
  • ROHAN SHRIRAMExecutive · joined Dec 2025 · reappointed Dec 2025 · 1 listed board · 1 committee seat
  • SANJAY RASTOGIExecutive · joined Jul 2026 · reappointed Jul 2026 · 1 listed board
  • SANJAY CHANDRAKANT KIRLOSKARIndependent · joined Sep 2018 · reappointed Sep 2023 · 97 months as independent · 3 listed boards · 2 as independent · 4 committee seats, 1 as chair
  • MANOJ KUMARNon-executive · joined Jun 2020 · reappointed Aug 2025 · 2 listed boards · 1 as independent · 5 committee seats, 2 as chair
  • HARJEET SINGH CHOPRAIndependent · joined Apr 2024 · reappointed Apr 2024 · 30 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • KAMAL KUMARNominee, non-executive · joined Mar 2024 · reappointed Mar 2024 · 1 listed board
  • VELAGAPUDI KAVITHA DUTTNon-executive · joined Feb 2015 · reappointed Feb 2025 · 4 listed boards · 2 as independent · 3 committee seats, 1 as chair
  • ANURAG SURANAIndependent · joined Dec 2025 · reappointed Dec 2025 · 9 months as independent · 4 listed boards · 3 as independent · 4 committee seats
  • SIDHARTH PRASADIndependent · joined Dec 2025 · reappointed Dec 2025 · 9 months as independent · 1 listed board · 1 as independent · 3 committee seats

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

5 directors who left
  • VINEET MANAKTALA, left 30 Jun 2026: Tenure Completion
  • ALOK BANSIDHAR SHRIRAM, left 23 Dec 2025: Others
  • URVASHI TILAKDHAR, left 23 Dec 2025: Others
  • SUMAN JYOTI KHAITAN, left 23 Dec 2025: Others
  • MEENAKSHI BEHARA, left 23 Dec 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 13 Aug 202610 of 12 present4 independent · 28 days in between
    • 15 Jul 202612 of 12 present4 independent · 55 days in between
    • 20 May 202612 of 12 present4 independent

  • Audit Committee

    Chair HARJEET SINGH CHOPRA

    SUNIL BEHARI MATHUR, SANJAY CHANDRAKANT KIRLOSKAR, ANURAG SURANA

    • 13 Aug 20264 of 4 present3 independent · 28 days in between
    • 15 Jul 20264 of 4 present3 independent · 55 days in between
    • 20 May 20264 of 4 present3 independent

  • Nomination and remuneration committee

    Chair SANJAY CHANDRAKANT KIRLOSKAR

    SUNIL BEHARI MATHUR, HARJEET SINGH CHOPRA, SIDHARTH PRASAD

    • 13 Aug 20264 of 4 present3 independent · 84 days in between
    • 20 May 20264 of 4 present3 independent

  • Stakeholders Relationship Committee

    Chair MANOJ KUMAR

    SUNIL BEHARI MATHUR, MADHAV BANSIDHAR SHRIRAM, ROHAN SHRIRAM, SIDHARTH PRASAD

    No meeting listed in the filing.

  • Corporate Social Responsibility Committee

    Chair MADHAV BANSIDHAR SHRIRAM

    UDAY SHRIRAM, ROHAN SHRIRAM, MANOJ KUMAR, HARJEET SINGH CHOPRA, KAMAL KUMAR

    • 20 May 20266 of 6 present1 independent

  • Board Committee for Approving Borrowing

    Chair MADHAV BANSIDHAR SHRIRAM

    SUNIL BEHARI MATHUR, UDAY SHRIRAM, ROHAN SHRIRAM, SANJAY RASTOGI, HARJEET SINGH CHOPRA

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • B S R & CO. LLPPeer-review certificate valid to Apr 2029

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

DCM Shriram Industries AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.DCM Shriram Industries dividend history

Annual general meeting, 15 Jul 2026

59,741 shareholders on the register on 3 Jul 2026; present: 7 promoters and 129 others; votes counted by KAMALJIT SINGH / K SINGH & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the Financial Year ended March 31, 2026 and the Reports of the Auditors and Board of Directors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.74%

    Turnout: all 58.74% · promoters 100.00% · institutions 61.48% · other public 0.18%

  2. To declare dividend of Re.0.40 (20%) per equity share of Rs. 2 each for the financial year ended 31st March, 2026.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.25%

    Turnout: all 58.74% · promoters 100.00% · institutions 61.48% · other public 0.18%

  3. To appoint a director in place of Shri Sunil Behari Mathur (DIN- 00013239) who retires by rotation and being eligible offer himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.77% · other public 2.43%

    Turnout: all 58.72% · promoters 100.00% · institutions 61.48% · other public 0.13%

  4. To appoint a director in place of Smt. V. Kavitha Dutt (DIN- 00139274) who retires by rotation and being eligible offer herself for re-appointment.
    Ordinary
    99.79% for0.21% against

    Against: promoters 0.00% · institutions 1.40% · other public 2.43%

    Turnout: all 58.72% · promoters 100.00% · institutions 61.48% · other public 0.13%

  5. Cost Auditors– Ratification of Remuneration
    OrdinaryPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.43%

    Turnout: all 58.72% · promoters 100.00% · institutions 61.48% · other public 0.13%

  6. Appointment of Shri Sanjay Rastogi (DIN-11712916) as Director and Chief Operating Officer (DSW)
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.47% · other public 2.43%

    Turnout: all 58.72% · promoters 100.00% · institutions 61.48% · other public 0.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 24 Feb 2026, 4 resolutions

59,415 shareholders on the register on 19 Jan 2026; votes counted by Kamaljit Singh / K Singh and Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr. Anurag Surana (DIN:00006665) as an Independent Director of the Company
    Special
    99.90% for0.10% against

    Against: promoters 0.00% · institutions 0.46% · other public 15.98%

    Turnout: all 59.08% · promoters 100.00% · institutions 61.60% · other public 0.36%

  2. Appointment of Mr. Sidharth Prasad (DIN: 00074194) as an Independent Director of the Company
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 16.01%

    Turnout: all 59.08% · promoters 100.00% · institutions 61.60% · other public 0.36%

  3. Appointment of Mr. Uday Shriram (DIN: 11407307) as a Director liable to retire by rotation and Dy. Managing Director
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.46% · other public 16.96%

    Turnout: all 59.08% · promoters 100.00% · institutions 61.60% · other public 0.36%

  4. Appointment of Mr. Rohan Shriram (DIN: 08940521) as a Director liable to retire by rotation and Whole Time Director
    SpecialPromoters have an interest in it
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.46% · other public 17.02%

    Turnout: all 59.08% · promoters 100.00% · institutions 61.60% · other public 0.36%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2025, 6 resolutions

61,115 shareholders on the register on 1 Aug 2025; present: 5 promoters and 142 others; votes counted by SWARAN KUMAR JAIN / Swaran Jain & Associates.The company's voting result (opens in a new tab)

  1. 1. To consider and adopt: a)The Audited Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon; and b) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2025 and the Report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 59.64% · promoters 100.00% · institutions 60.13% · other public 1.44%

  2. To confirm the payment of interim dividend of Rs. 2 per equity share of Rs. 2 (100%) already paid for the financial year 2024-25.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 59.71% · promoters 100.00% · institutions 60.59% · other public 1.44%

  3. Appointment of of Smt. Urvashi Tilakdhar (DIN:00294265), who retires by rotation and being eligible, offers herself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.70% · other public 0.21%

    Turnout: all 59.71% · promoters 100.00% · institutions 60.59% · other public 1.44%

  4. Appointment of Shri Manoj Kumar (DIN:00072634), who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.89% for0.11% against

    Against: promoters 0.00% · institutions 0.70% · other public 0.21%

    Turnout: all 59.71% · promoters 100.00% · institutions 60.59% · other public 1.44%

  5. Cost Auditors – Ratification of Remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 59.71% · promoters 100.00% · institutions 60.59% · other public 1.44%

  6. Appointment of Secretarial Auditors
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.21%

    Turnout: all 59.69% · promoters 100.00% · institutions 60.49% · other public 1.44%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Mar 2025, 2 resolutions

62,406 shareholders on the register on 10 Feb 2025; votes counted by SWARAN KUMAR JAIN / Swaran Jain & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mrs. Meenakshi Behara (DIN: 00289641) as an Independent Director of the Company
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.19%

    Turnout: all 55.13% · promoters 100.00% · institutions 32.76% · other public 1.29%

  2. Appointment of Mrs. Velagapudi Kavitha Dutt (DIN: 00139274) as a Director liable to retire by rotation
    Ordinary
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 2.88% · other public 4.19%

    Turnout: all 55.13% · promoters 100.00% · institutions 32.76% · other public 1.29%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Meeting called by the tribunal, 8 Feb 2025, 1 resolution

62,544 shareholders on the register on 1 Feb 2025; present: 7 promoters and 97 others; votes counted by Manmeet Kaur Sareen / Manmeet Kaur Sareen’s Law Office.The company's voting result (opens in a new tab)

  1. TO CONSIDER AND APPROVE THE COMPOSITE SCHEME OF ARRANGEMENT AMONGST LILY COMMERCIAL PRIVATE LIMITED (TRANSFEROR COMPANY), DCM SHRIRAM INDUSTRIES LIMITED (TRANSFEREE COMPANY), DCM SHRIRAM FINE CHEMICALS LIMITED (RESULTANT COMPANY 1) AND DCM SHRIRAM INTERNATIONAL LIMITED (RESULTANT COMPANY 2) AND THEIR RESPECTIVE SHAREHOLDERS AND CREDITORS (SCHEME) UNDER SECTIONS 230 TO 232 OF THE COMPANIES ACT, 2013 (2013 ACT) AND OTHER APPLICABLE PROVISIONS OF THE 2013 ACT READ WITH COMPANIES (COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS) RULES, 2016MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 60.17% · promoters 100.00% · institutions 66.23% · other public 2.41%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 7 Aug 2024, 6 resolutions

Present: 6 promoters and 137 others.The company's voting result (opens in a new tab)

  1. 1. To consider and adopt: na)The Audited Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Reports of the Board of Directors and Auditors thereon; and nb) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2024 and the Report of the Auditors thereonMoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.47%

    Turnout: all 59.77% · promoters 100.00% · institutions 66.00% · other public 0.34%

  2. To confirm the payment of interim dividend of Rs. 2 per equity share of Rs. 2 each (100%) already paid during the financial year 2023-24.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 59.85% · promoters 100.00% · institutions 66.53% · other public 0.34%

  3. Appointment of Shri Vineet Manaktala (DIN: 09145644) who retires by rotation and being eligible, offers himself for reappointment.
    Ordinary
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.44% · other public 0.46%

    Turnout: all 59.85% · promoters 100.00% · institutions 66.53% · other public 0.34%

  4. Cost Auditors – Ratification of Remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.46%

    Turnout: all 59.85% · promoters 100.00% · institutions 66.53% · other public 0.34%

  5. Reappointment of Smt. Urvashi Tilakdhar (DIN: 00294265) as Whole-Time Director
    SpecialPromoters have an interest in it
    97.07% for2.93% against

    Against: promoters 0.00% · institutions 18.21% · other public 0.58%

    Turnout: all 59.85% · promoters 100.00% · institutions 66.53% · other public 0.34%

  6. Reappointment of Shri Vineet Manaktala (DIN : 09145644) as Director Finance & CFO
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.01%

    Turnout: all 59.85% · promoters 100.00% · institutions 66.53% · other public 0.34%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 19 Mar 2024, 3 resolutions

The company's voting result (opens in a new tab)

  1. Appointment of Shri Suman Jyoti Khaitan (DIN: 00023370) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 59.92% · promoters 100.00% · institutions 78.95% · other public 17.38%

  2. Appointment of Shri Harjeet Singh Chopra (DIN: 02564163) as an Independent Director of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 59.92% · promoters 100.00% · institutions 78.95% · other public 17.38%

  3. Appointment of Shri S.B. Mathur (DIN: 00013239) as a Director liable to retire by rotation
    Special
    99.70% for0.30% against

    Against: promoters 0.00% · institutions 12.26% · other public 0.04%

    Turnout: all 59.92% · promoters 100.00% · institutions 78.95% · other public 17.38%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 12 Aug 2023, 7 resolutions

Present: 8 promoters and 124 others.The company's voting result (opens in a new tab)

  1. To consider and adopt -na) The Audited Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Reports of the Board of Directors and nAuditors thereon, and nb) The Audited Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2023 and the Report of the Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.26% · other public 16.59%

  2. To confirm the payment of interim dividend of Re.1 per equity share of Rs.2 each (50%) already paid during the financial year 2022-23
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.29% · other public 16.59%

  3. Appointment of Shri Madhav B. Shriram (DIN: 00203521) director liable to retire by rotation
    OrdinaryPromoters have an interest in it
    99.19% for0.81% against

    Against: promoters 0.00% · institutions 100.00% · other public 0.04%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.29% · other public 16.59%

  4. Cost Auditors – Ratification of Remuneration
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.29% · other public 16.59%

  5. Reappointment of Shri Sanjay C. Kirloskar (DIN: 00007885), Independent Director
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 7.86% · other public 0.05%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.29% · other public 16.59%

  6. Reappointment of Shri Alok B. Shriram (DIN: 00203808), Sr. Managing Director & CEO
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.29% · other public 16.59%

  7. Reappointment of Shri Madhav B. Shriram (DIN: 00203521), Managing Director
    SpecialPromoters have an interest in it
    99.32% for0.68% against

    Against: promoters 0.00% · institutions 83.80% · other public 0.03%

    Turnout: all 58.77% · promoters 100.00% · institutions 90.29% · other public 16.59%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeDCIT Circle 7(1), New DelhiSince 5 Sep 2022
    Disposed of in favour of the Company by order dated 18.03.2026. Received a Income Tax Refund of Rs.16.59 Crore including interest pertaining to financial year ended 2018. This has already been disclosed on 20.07.2026.MoreLess
    At the filing before: The Hon'ble ITAT has decided the appeal filed by the Company for the year ended March 2018 in its favour. This will reduce the outstanding demand of Rs. 2441.20 lakhs to Nil and the Company will be entitled to an Income tax refund of Rs. 10.00 cr (besides Interest).MoreLess

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 6 complaints open, quarter to Jun 2025.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.