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  3. DCM Limited Promoters Withdraw Disclosure for Proposed Gift of 12,60,000 Equity Shares After Transaction Fails to Materialise
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  • 05 May 2026
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 DCM Limited Promoters Withdraw Disclosure for Proposed Gift of 12,60,000 Equity Shares After Transaction Fails to Materialise

Yuv Bharat Ram and Rahil Bharat Ram, Promoters and Directors of DCM Limited, have requested the withdrawal of a SEBI Regulation 10(5) disclosure filed for the proposed acquisition of 12,60,000 equity shares by way of gift from their father, Mr. Sumant Bharat Ram. The transaction, originally proposed for April 30, 2026, could not be completed due to a PAN freeze linked to the Company's ISIN arising from an ongoing trading window closure. The acquirers have communicated this development to BSE Limited and the National Stock Exchange of India Ltd. on May 4, 2026, and have undertaken to make requisite disclosures for any future transactions.

DCM Limited Promoters Withdraw Disclosure for Proposed Gift of 12,60,000 Equity Shares After Transaction Fails to Materialise

Yuv Bharat Ram and Rahil Bharat Ram, Promoters and Directors of DCM Limited , have formally written to BSE Limited and the National Stock Exchange of India Ltd. on May 4, 2026, requesting the withdrawal of a disclosure previously filed under Regulation 10(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The withdrawal has been sought on account of the non-completion of the proposed share acquisition transaction.

Background of the Proposed Transaction

The original disclosure had been submitted in connection with a proposed acquisition of equity shares of DCM Limited by both Yuv Bharat Ram and Rahil Bharat Ram from their father, Mr. Sumant Bharat Ram, who is a Promoter and Director of the Company. The proposed transfer was to be effected by way of gift, without any monetary consideration. The key details of the proposed transaction are summarised below:

Parameter: Details Acquirers: Yuv Bharat Ram and Rahil Bharat Ram Transferor: Mr. Sumant Bharat Ram (Promoter & Director) Shares per Acquirer: 6,30,000 (Six Lakhs Thirty Thousand) equity shares Total Shares Proposed: 12,60,000 equity shares Mode of Transfer: Gift (without consideration) Proposed Date of Acquisition: April 30, 2026 Regulatory Reference: Regulation 10(5), SEBI Takeover Regulations, 2011

Reason for Non-Completion

The acquirers have informed the stock exchanges that the transaction could not be executed by the proposed date of April 30, 2026. The stated reason for non-completion is a freeze on the PAN associated with the ISIN of DCM Limited, which was imposed on account of an ongoing trading window closure period. This restriction prevented the transfer of shares from being carried out as planned.

Withdrawal Request and Future Compliance Undertaking

Since the proposed acquisition did not materialise, Yuv Bharat Ram and Rahil Bharat Ram have requested BSE Limited and the National Stock Exchange of India Ltd. to take note of the non-completion and withdraw the disclosure filed under Regulation 10(5). The acquirers have also provided an undertaking that, in the event of any future transaction, all necessary disclosures in compliance with the applicable provisions of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011 will be duly made. The letter, dated May 4, 2026, was signed by both acquirers from Delhi and has been copied to the Compliance Officer of DCM Limited at its Delhi office.

DCM Limited has announced the opening of a special window for fresh lodgement and re-lodgement of share transfer requests, following regulatory requirements outlined in a recent SEBI circular. The initiative aims to provide shareholders with an opportunity to complete pending share transfer formalities.

Regulatory Compliance and Publication

The company has published notices in leading newspapers to inform shareholders about this special facility. The announcement was made in compliance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/1/3750/2026 dated January 30, 2026.

Publication Details: Information Publication Date: April 15, 2026 English Newspaper: Financial Express Hindi Newspaper: Jansatta Website Availability: www.dcm.in

Share Transfer Window Details

The special window provides shareholders with the facility to:

Submit fresh share transfer requests

Re-lodge previously submitted transfer requests

Complete pending transfer formalities

This initiative is designed to help shareholders who may have missed earlier deadlines or need to resubmit their transfer documentation.

Company Information and Contact

DCM Limited, incorporated in 1889, operates from its registered office located at Unit Nos. 2050 to 2052, Plaza - II, 2nd Floor, Central Square, 20, Manohar Lal Khurana Marg, Bara Hindu Rao, Delhi – 110006. The company secretary Sonal Gupta signed the official communication regarding this announcement.

Company Details: Information CIN: L74899DL1889PLC000004 Phone: (011) 41539170 Website: www.dcm.in Email: investors@dcm.in

The company has made the notice available on its official website to ensure maximum reach and accessibility for all stakeholders. Shareholders interested in utilizing this special window facility can access detailed information through the company's investor relations section.

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