DCM Shriram Ltd To Establish Joint Venture in Advanced Polymer Compounds with Teknor Apex
DCM Shriram Ltd has announced a strategic transfer of equity stake in its subsidiary, Shriram Polytech Limited (SPL), establishing a joint venture partnership with Teknor Apex B.V. The company's Board of Directors approved the execution of Shareholders' and Share Purchase Agreements for this transaction, following the board meeting held on April 16, 2026.Under the agreement, DCM Shriram will transfer a 50% equity stake it holds in SPL to Teknor Apex B.V. The transaction involves a cash consideration of USD 5.6 million.
Following the transfer of the 50% stake, SPL will cease to be a wholly owned subsidiary of DCM Shriram and will be reclassified as a joint venture of the company.
This strategic partnership is positioned as a major step in DCM Shriram’s effort to strengthen and expand its advanced materials Polymer compounds portfolio and develop global partnerships across high-growth sectors. The joint venture aims to leverage Shriram Polytech’s strong domestic presence, manufacturing capability, and expertise in vinyl compounds, combining them with Teknor Apex’s global formulation capabilities to deliver high-performance, technically advanced, and sustainable specialty polymer solutions for diverse industrial applications.
Key details of the transaction and the subsidiary's financials are summarized below:
| Detail | Information |
|---|---|
| Transaction Date Approved | April 16, 2026 |
| Stake Transferred | 50% equity stake in Shriram Polytech Limited (SPL) |
| Transaction Counterparty | Teknor Apex B.V. |
| Consideration Received | USD 5.6 million cash consideration |
| SPL Status Change | From Wholly Owned Subsidiary to Joint Venture |
Financial Snapshot of Shriram Polytech Limited (SPL)
As of March 31, 2025, the details of SPL contributed to the figures are:
| Metric | Amount (Crores) | Contribution Percentage |
|---|---|---|
| Turnover | 201.63 | 1.58% |
| Net Worth | 78.36 | 1.13% |
Teknor Apex B.V. is identified as a Dutch entity based in Geleen, Netherlands, with operations in Genk, Belgium. The company is primarily engaged in the manufacture and sale of Thermoplastic Elastomers in the European Union and does not belong to the promoter or promoter group of DCM Shriram.
The company confirmed that the transaction is not considered a related party transaction. The sale agreement is set to be executed on April 16, 2026, with the expected date of completion for the sale set for April 23, 2026.
DCMSHRIRAM Stock Price Movement
Shares of DCM Shriram Limited are edging higher to ₹1203.4 as of 1:24 PM today, gaining 2.45% in live trading, or ₹28.80. The stock is showing solid conviction, supported by a robust volume of 285,848 shares traded during the session.Source:
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