DCM Shriram Limited — JV/Acquisition, 13-05-2026: Acquisition

DCM Shriram is investing up to Rs 100 Cr in its wholly-owned subsidiary, Hindusthan Speciality Chemicals Ltd (HSCL). This capital infusion will fund a Rs 101 Cr expansion to boost HSCL's Formulated Resins capacity by 36,000 TPA, reaching a total of 50,000 TPA. This strategic move strengthens DCM Shriram's Advanced Materials portfolio within its Chemicals business, aiming for growth and market expansion. HSCL, which reported a Turnover of Rs 252.73 Cr and a PAT of (Rs 48.03) Cr in FY26, will remain a 100% subsidiary, with the expansion targeted for completion by September 2027.