|Under a 'Scheme of Arrangement' approved by the shareholders and creditors of the Company and also by the Hon'ble Delhi High Court vide their Order dated 16-4-90 the Company (DCM Ltd) now stands divided into four companies w.e.f. 1-4-90 as follows :
i) DCM Limited
ii) DCM Shriram Industires Ltd
iii) DCM Shriram Consolidated Ltd
iv) Shriram Industrial Enterprises Ltd
As per the scheme, the shareholders of DCM Ltd will be allotted shares in DCM Shriram Industries Ltd. and Shriram Industrial Enterprises Ltd. in the ratio of one share in each of the above Companies for every four shares held by then in DCM Ltd as on 21-9-1990.
Pursuant to the scheme three units namely. Daurala Sugar Works, Shriram Rayons and Hindon River Mills have been vested with the Company.
2000 - Credit rating agency has retained the MD rating, indicating default to the fixed
deposit programme of the company.
2001- The Board of Directors of the company has approved as under :
1. Hiving off of its Polymer Processing Business on a going concern basis to its 91% subsidiary DCM Shriram Exports Ltd.
- The communication issued to the BSE, DCM Shriram Industries Ltd has informed that Shri D.C.Mittal, Joint Managing Director has demitted office on December 11, 2001.
- DCM Shriram Industries Ltd has informed that the Board of Directors of the Company at its meeting held on January 14, 2008, has co-opted Shri. S B Mathur on the Board as an Additional Director. He will be an independent director.
-DCM Shriram Industries Ltd has re-appointed Shri. Alok B Shriram as Dy. Managing Director for further period of 5 years w.e.f. October 01, 2008.