DCM Shriram Declares 200% Interim Dividend, Appoints New Nominee Director
DCM Shriram announced its Q2 FY27 results, declaring a 200% interim dividend (₹4/share) with a record date of Oct 30, 2026. Mr. Salil Vishwanath appointed as LIC's Nominee Director. Board approved ₹50 crore equity in JV, ₹60 crore capex for cement plant filters, ₹145 crore for solar power, and ₹120 crore for electrolysers.
The declaration of a substantial interim dividend, along with significant capital expenditure plans and a board change, are material events that can impact investor sentiment and the company's future performance.
The company announced positive financial results, declared a significant interim dividend, and approved several strategic capital expenditure and investment plans, indicating growth and operational efficiency improvements.
DCM Shriram Limited's Board of Directors, in a meeting held on October 26, 2026, approved the un-audited financial results for the quarter and half-year ended September 30, 2026. The company declared an interim dividend of 200% (₹4 per equity share of face value ₹2). The record date for this dividend is October 30, 2026, and payment will be made within 30 days of declaration.
In a significant board change, Mr. Salil Vishwanath has been appointed as a Nominee Director of LIC, effective November 1, 2026, or upon DIN allotment, whichever is later. He will replace Mr. Rabinarayan Mishra, who will cease to be a director on the same date.
The Board also approved several capital expenditure and investment proposals. This includes an equity contribution of up to ₹50 crore in Shriram Teknor Limited (STL) for manufacturing new PVC grades and HFFR grades. Additionally, capital expenditure of up to ₹60 crore for filter presses at the Kota Cement Plant, up to ₹145 crore for a solar power plant at the Kota complex to power the Vinyl Plant, and up to ₹120 crore for additional electrolysers at Kota and Bharuch Caustic plants were approved.
The board meeting commenced at 2:15 PM and concluded at 4:15 PM.
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DCM Shriram Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by DCM Shriram Limited. Read the original for the full detail.