How to Convert Old DCM Shriram Share Certificates to Demat and Recover Them from IEPF

To convert an old DCM Shriram share certificate to demat, open a demat account in exactly the name printed on it, update the folio’s KYC with DCM Shriram’s registrar, KFin Technologies, and hand the certificate in through your broker or bank with a Demat Request Form. Every DCM Shriram Consolidated certificate from before October 2005 shows ₹10 shares, and each of those shares is now 10 DCM Shriram shares. If the shares have already moved to the IEPF, you claim them back with Form IEPF-5.

Many families hold an even older paper: a certificate of DCM Ltd, the old Delhi Cloth & General Mills, from before 1990. In 1990 DCM was divided into four companies, and every 4 old DCM shares became 1 share in each of the four. Those four have since become seven listed companies. 100 old ₹10 DCM shares from the late 1980s are today 250 DCM Shriram shares plus shares in six other companies, about ₹2.61 lakh at the 28 September 2026 prices. About nine-tenths of that value is the DCM Shriram shares.

Each of those companies keeps its own register, and four different registrars look after them. When a folio does not cash any dividend for seven years in a row, its shares move to the IEPF, company by company. Check what your family holds with Find Your Shares →

What happened to the old DCM (Delhi Cloth Mills) shares in 1990?

DCM was divided into four separate companies with effect from 1 April 1990, and every shareholder got 1 share in each of the four for every 4 DCM shares held. The Delhi High Court approved the arrangement in April 1990. The record date for the new shares was 21 September 1990.

DCM itself was one of India’s oldest companies. It was set up in 1889 as the Delhi Cloth & General Mills Company, and changed its name to DCM Ltd in 1983. By the late 1980s it ran textile mills, a fertiliser and chemical complex, sugar mills, a rayon plant, engineering works and more. In 1990 these businesses were shared out among four companies, each run by a branch of the Shriram family.

The share counts in the companies’ records match the rule exactly. Old DCM had 2,30,20,302 shares of ₹10 in 1989–90. After the division, DCM Ltd had 57,55,076 shares, one quarter of that, and each of the three new companies started with the same quarter. Here is where each of the four is today:

Each company is a separate folio. A family that held DCM in 1990 was sent certificates by four companies, often to an address it has long since left. Families often find the DCM Shriram certificate in a drawer and nothing from the other three. Those shares were still issued in the holder’s name, and they can be traced.

How many shares does an old DCM certificate become today?

For an old DCM certificate showing ₹10 shares, divide the number of shares by 4. That is how many shares you got in each of the four 1990 companies, and each of those has grown since. The table follows 100 old ₹10 DCM shares from the late 1980s to today, at the closing prices of 28 September 2026.

The DCM Shriram shares carry about nine-tenths of the value. That is why the DCM Shriram line is the one to get right first. The rest adds up to about ₹25,000 per 100 old shares, plus the Mawana shares: worth claiming, but not worth a separate trip to court for each company.

Certificates that show ₹25 shares

Older DCM certificates show a face value of ₹25 a share, and each ₹25 share is worth 2½ of the ₹10 shares in the table above. The company’s records show DCM’s shares were ₹25 each until the mid-1980s and ₹10 each from then on, with the number of shares going up about 2½ times. So 100 ₹25 shares from the 1970s or early 1980s became about 250 ₹10 shares, and in 1990 about 62 shares in each of the four companies. Today that is about 620 DCM Shriram shares, about ₹6.47 lakh for the whole family of seven.

Certificates from the 1960s earned bonus shares too. DCM’s records show bonus issues of 1 for 2 in 1966, 1 for 10 in 1969 and 4 for 5 in 1971. A holding from before 1966 had grown almost three times by 1971, before any of the changes above. For certificates this old, ask the registrar to confirm the count on the folio before you rely on any multiplier, ours included. Half-shares left over from the 1990 division were normally paid out in cash.

How many DCM Shriram shares does a DCM Shriram Consolidated certificate represent?

Every ₹10 share printed on a DCM Shriram Consolidated certificate is 10 DCM Shriram shares today. In October 2005 the company issued 1 bonus share for every share held and, on the same day, split each ₹10 share into five ₹2 shares. One ₹10 share became two, and each of those became five.

The company’s records match this exactly: 1,65,90,332 shares of ₹10 before October 2005, and 16,59,03,320 shares of ₹2 after, ten times as many. The 2005 issue is the only bonus DCM Shriram has ever given, and it has not split its shares again since.

A single old ₹10 share is worth about ₹9,446 today. Keep that in mind if the family has several certificates. It matters for the paperwork, because SEBI’s simpler rules stop at ₹10 lakh per company (see the sections on lost certificates and on a holder who has died).

DCM Shriram has also bought back some of its own shares, in 2014 and in 2018. Only shareholders who chose to sell were affected. A family that kept its certificates still holds every share, including the bonus.

What happened to DCM Shriram Industries shares in December 2025?

DCM Shriram Industries moved its chemicals business into DCM Shriram Fine Chemicals and its rayon business into DCM Shriram International, and gave shareholders 1 share of each new company for every DCM Shriram Industries share they held on 26 December 2025. The new shares were allotted on 31 December 2025. Shareholders kept their DCM Shriram Industries shares too, which now hold the sugar, alcohol and power business.

Before that, in October 2021, DCM Shriram Industries split each ₹10 share into five ₹2 shares. It has never issued bonus shares. So:

• 100 ₹10 shares (certificates from 1990 to October 2021) are now 500 DCM Shriram Industries + 500 DCM Shriram Fine Chemicals + 500 DCM Shriram International, together about ₹74,245.
• 100 ₹2 shares (after October 2021) are now 100 of each, about ₹14,849.

If your shares were still on paper in December 2025, check where the new shares went. The new companies’ own filings say their shares were allotted to holders who had given their details to the registrar or who held in demat. For a paper folio with old or missing details, the new shares may be waiting with the registrar, KFin Technologies, until the KYC is done. Ask KFin about all three companies on the same folio.

What happened to DCM Ltd shares, and what is DCM Nouvelle?

DCM Ltd moved its textile business into a new company, DCM Nouvelle, in 2019, and gave 1 DCM Nouvelle share for every DCM Ltd share held on 31 May 2019. DCM Nouvelle allotted 1,86,77,749 shares, exactly the number of DCM Ltd shares at the time.

DCM Ltd has not issued bonus shares or split its shares since 1990. So 100 DCM Ltd shares from the 1990s or 2000s are today 100 DCM Ltd + 100 DCM Nouvelle, about ₹24,821. (DCM Ltd did raise money from its shareholders through a rights issue in 1993. Rights shares were bought for cash, so they appear on the folio only if the holder paid for them.)

The two companies use different registrars. DCM Ltd’s shares are handled by MCS Share Transfer Agent, and DCM Nouvelle’s by Skyline Financial Services, both in Delhi. A family claiming both needs to deal with each one separately.

What happened to Shriram Industrial Enterprises (SIEL) shares?

They ended up in today’s Mawana Sugars, after a merger, a bonus, a demerger and two share cuts. Mawana Sugars’ registrar is MAS Services in Delhi, and it can confirm what your folio holds today. Here is the path, so the old names on your papers make sense:

• 1992: the new SIEL was merged into an older listed company, Shriram Refrigeration Industries, which took the name Shriram Industrial Enterprises. The share counts in the company’s records show 2 shares of the merged company for each SIEL share due to DCM holders.
• 1996: renamed SIEL Ltd.
• 1998: bonus issue of 1 share for every 5.
• 2003: SIEL’s sugar business moved into a new company, Siel Sugar Ltd. For every 4 SIEL shares held on 30 October 2003, holders kept 1 SIEL share and got 3 Siel Sugar shares. Siel Sugar was renamed Mawana Sugars in 2004.
• 2007: Mawana Sugars was merged back into SIEL, and SIEL’s shares were cut to one-third as part of the scheme.
• 2008: SIEL took the name Mawana Sugars Ltd, the company listed today.

Because of the two cuts, the Mawana holding that comes from an old DCM certificate is small, a few thousand rupees and at most about ₹10,000 for 100 old DCM shares. Certificates of Shriram Refrigeration Industries, Shriram Industrial Enterprises, SIEL Ltd, Siel Sugar and the old Mawana Sugars all lead to the same company. Take all of them to MAS Services together.

Is an old Delhi Cloth & General Mills certificate still valid?

Yes. It is proof of your folio, and the registrars can trace from it every share it turned into. Delhi Cloth & General Mills and DCM Ltd are the same company under two names; the name changed in 1983.

After 1990, the old DCM certificate no longer shows what you own. The holding it stood for is now spread across the seven companies above, each with its own folio number. The old certificate, an old dividend warrant or the holder’s name and address from that time is enough to start. Begin with DCM Ltd’s registrar for the DCM line, and KFin Technologies for the DCM Shriram companies. Often the other certificates were mailed out after the division and never reached the family, or were put away and forgotten.

A DCM Shriram Consolidated certificate is still valid too. The company is the same; only the name changed, to DCM Shriram Ltd, in 2014. Older letters from the company may name MCS Share Transfer Agent as the registrar. DCM Shriram and DCM Shriram Industries have since moved their registers to KFin Technologies, so write to KFin.

Is DCM Shriram the same as Shriram Finance?

No. Shriram Finance belongs to a different Shriram group, based in Chennai, and has nothing to do with DCM. An old DCM or DCM Shriram certificate gives you no shares in it. If your certificate says Shriram Transport Finance or Shriram City Union Finance, see what those Shriram Finance shares are today. Several other companies share part of the name and are also separate, each with its own shares:

• Shriram Finance, Shriram Transport Finance, Shriram City Union Finance: the Chennai Shriram group. Not DCM.
• SRF Ltd (once Shri Ram Fibres): a separate company. It was not one of the four companies of 1990. See what an old SRF certificate is worth now.
• Shriram Pistons & Rings: a separate company with its own shares.
• DCM Financial Services: a separate company set up in 1991. It was not created from the DCM division.
• Honda India Power Products (once Honda Siel Power Products): a separate listed company. SIEL shareholders did not receive its shares.

If you have one of these certificates as well, it is a separate holding with its own registrar. It is worth tracing, but not through DCM.

How do you convert old DCM Shriram share certificates to demat?

Open a demat account in exactly the name on the certificate, update the folio’s KYC with KFin Technologies, then hand the certificates in with a Demat Request Form through your broker or bank. For the other DCM companies, do the same with their own registrars. One demat account can hold all seven.

1. Open a demat account in the same name, or the same names in the same order for a joint holding.
2. Update KYC on each folio with Form ISR-1 (PAN, bank, contact details), and Form ISR-2 if your signature has changed. Every company keeps a separate register, so each folio needs its own KYC. How to fix a signature mismatch.
3. Write “Surrendered for Dematerialisation” on each certificate and sign it as it was signed on the register.
4. Hand in the certificates with a Demat Request Form through your broker or bank, one form per company. Put every certificate from the same folio on the same form.
5. The registrar checks the signature, the folio and the distinctive numbers against the register, and the shares arrive in your demat account, usually within a few weeks if the papers are in order.

For a ₹10 DCM Shriram Consolidated certificate, ask KFin to confirm the ₹2 share count on the folio before you send it. The bonus and split shares of 2005 may be on a separate certificate, or credited on the register without one reaching you.

Since April 2019, paper shares cannot be sold or transferred until they are in demat. There is no deadline to demat shares already registered in your own name. But the longer they stay on paper, the more likely it is that dividends go unclaimed and the shares move to the IEPF. The rules on physical shares in 2026.

How do you check if your DCM Shriram shares have gone to the IEPF?

If no dividend on the folio has been cashed for seven years in a row, the shares have very likely been moved to the IEPF. DCM Shriram moves a new batch every year, as each year’s dividend passes seven years unclaimed. The latest batch, for folios that have not cashed a dividend since the 2018–19 final dividend, had a claim-by date of 13 August 2026 and is moving now.

DCM Shriram Industries is doing the same: its latest batch, for folios that have not cashed the 2018–19 interim dividend, had a claim-by date of 31 August 2026. DCM Ltd has moved shares to the IEPF in earlier years too.

• The IEPF Authority’s search at iepfa.gov.in covers shares that have already moved. Search for each company by its name today, with the holder’s name. How to search the IEPF.
• Each company’s investor website lists the folios whose shares have moved or are about to move. DCM Shriram shareholders’ page.
• Search all seven companies for an old DCM holding: DCM Shriram Ltd, DCM Shriram Industries, DCM Shriram Fine Chemicals, DCM Shriram International, DCM Ltd, DCM Nouvelle and Mawana Sugars.
• Search every old spelling of the holder’s name, and the joint holders’ names too.

A certificate that the post office returned to the company undelivered may instead be in the company’s unclaimed securities suspense account, which the registrar can check. This happens often with the 1990 certificates and with bonus and split certificates. If you find nothing anywhere, the shares are probably still on the register in the holder’s name, waiting to be dematted.

How do you recover DCM Shriram shares from the IEPF?

Get an entitlement letter from KFin Technologies, file Form IEPF-5 online on the Ministry of Corporate Affairs website, then send the signed papers to DCM Shriram’s nodal officer or KFin for verification. The company checks the claim and sends a verification report to the IEPF Authority, which credits the shares back to your demat account and refunds the dividends.

1. Open a demat account in the claimant’s name. For a joint folio, the same names in the same order.
2. Complete KYC with KFin Technologies and ask for an entitlement letter. It states how many shares and how much dividend on your folio went to the IEPF. Since October 2025 the entitlement letter is a mandatory part of every IEPF-5 claim.
3. File Form IEPF-5 on the MCA portal and note the SRN, your claim number. How to file IEPF-5 online.
4. Send the physical documents to the company’s nodal officer or to KFin Technologies: the signed IEPF-5 printout and acknowledgement, an indemnity bond on stamp paper, an advance stamped receipt, PAN, Aadhaar, a cancelled cheque, your client master list, the entitlement letter, and the original certificates if you have them.
5. The company verifies and reports to the IEPF Authority. The rules give the company 15 days for its report and the Authority 60 days to decide: 75 days on paper. Real claims usually take much longer, because papers go back and forth. What to do when an IEPF claim is stuck.

Why it is often several claims, not one

You file one IEPF-5 for each company. If DCM Shriram Industries shares were already in the IEPF on 26 December 2025, the shares of DCM Shriram Fine Chemicals and DCM Shriram International due on them went to the IEPF too. The IEPF rules send benefits on shares already in the Fund to the Fund, not to the old owner, and the new companies’ own shareholder lists show the IEPF Authority among their shareholders. So those families need three claims for one old folio.

The same applies to DCM Nouvelle shares issued in 2019 on DCM Ltd shares that were already in the IEPF. A family tracing a pre-1990 DCM holding can end up filing claims with several companies and four registrars. Claim the whole folio, not the number on the paper. The entitlement letter is based on the company’s register, so it gives the full count after the bonus and the splits.

What if the DCM Shriram share certificates are lost?

It depends on where the shares are now. If they are still with the company, you need duplicate shares. If they have gone to the IEPF, you usually do not.

• Shares still with the company: the registrar must first cancel the lost certificate and issue duplicate shares, credited straight to your demat account. This is the process in the next section.
• Shares already in the IEPF: when paper shares move to the IEPF, the old certificates are cancelled. There is nothing left to duplicate. You claim with IEPF-5 and the entitlement letter, which is based on the company’s register, not on the paper in your hand.
• Only the old DCM certificate survives and the 1990 certificates of the four companies are missing: this is very common. The old certificate is evidence of the folio, and the registrars can trace the rest from it.

Don’t know the folio number? Old dividend warrants, bank passbooks showing DCM or DCM Shriram dividends, the 1990 allotment letters or any company correspondence can give it. With the holder’s name and an old address, the registrar can usually trace the folio.

How do you get a duplicate DCM Shriram share certificate?

Apply to KFin Technologies with Form ISR-4 and the documents SEBI sets for the value of your holding. The duplicate shares are then credited straight into your demat account. SEBI simplified these rules in December 2025, and duplicate shares are now issued in demat only.

What you need depends on what the lost shares are worth today:

• Up to ₹10,000: a simple undertaking on plain paper.
• ₹10,000 to ₹10 lakh: one standard affidavit-cum-indemnity bond.
• Above ₹10 lakh: the affidavit-cum-indemnity bond, plus a police report (FIR, e-FIR or police complaint) that mentions the folio, certificate numbers and distinctive numbers, plus a notice of the loss in a widely read newspaper.

With DCM Shriram these limits are crossed quickly. ₹10,000 covers only 10 of today’s shares, which is a single old ₹10 share. ₹10 lakh is about 1,058 shares today. A lost certificate for just 106 old ₹10 DCM Shriram Consolidated shares is 1,060 shares today, about ₹10.01 lakh, so it already needs the police report and the newspaper notice. The other DCM companies are priced much lower and rarely reach these limits. The steps:

1. Open a demat account first, in the same name (or names) as the folio. Since 2 April 2026 the registrar credits duplicate shares directly into demat. There is no longer a “Letter of Confirmation” to carry to your broker, so the account must exist before you apply.
2. Update KYC on the folio with Form ISR-1, and ISR-2 if your signature has changed.
3. Get the police report and newspaper notice if the holding is above ₹10 lakh. The registrar can give you the certificate numbers if you do not have them.
4. Submit Form ISR-4 to KFin Technologies with the affidavit-cum-indemnity bond, the police report and notice if needed, and your demat details.
5. The shares are credited to your demat account once the registrar completes its checks. SEBI expects about 30 days for a complete, correct application.

The full process is in our guide to reporting a lost share certificate.

What if the name or spelling on the certificate does not match?

Fix the name on the folio first, before you demat or file an IEPF claim, using Form ISR-1 and a document that proves both spellings belong to you. The registrar, the demat account and the IEPF claim must all show the same name. One mismatch and the papers come back.

This is very common with DCM folios, many of which were opened decades before computers. Typical cases:

• Initials on the certificate, full name on the PAN card: “R. K. Gupta” against “Ram Kishan Gupta”.
• A woman’s maiden name on the certificate and her married name on everything else.
• Spelling changes over time: “Aggarwal” and “Agarwal”, “Mohd.” and “Mohammad”, a dropped middle name or surname.
• Titles and suffixes like “Smt.”, “Dr.” or “HUF” in one place and not the other.

The usual proof is a passport, a marriage certificate, a gazette notification, or a notarised affidavit that both names are the same person. Correct the name with every registrar that holds a DCM folio, so all the holdings can be dematted together.

How do joint holders convert or claim DCM Shriram shares?

The demat account must be in the same names and in the same order as on the certificate, and every living holder must sign. The 1990 certificates, and the bonus and split certificates after them, carry the same names in the same order as the original DCM folio.

• Everyone alive and available: open a joint demat account matching the certificates, complete KYC for every holder, and all sign the demat request.
• The names are in the wrong order for the demat account you want to use: ask the registrar to change the order (“transposition”) with Form ISR-4 before you demat.
• One joint holder has died: the surviving holders get the shares by having the deceased holder’s name deleted. You need a copy of the death certificate and the survivors’ KYC. No succession certificate, will or probate is needed for this.
• Every holder has died: this becomes a transmission to the legal heirs of the last surviving holder (next section).

For an IEPF claim on a joint folio, the IEPF-5 and the demat account follow the same rule. If one holder has died, delete their name through the registrar before you file.

What if the DCM Shriram shareholder has died?

The shares pass to the nominee or legal heirs through transmission, handled by each company’s registrar, and they are always credited in demat. If the shares have also gone to the IEPF, transmission and the IEPF claim happen together, and the heir files the IEPF-5.

SEBI’s new transmission rules have applied since 22 August 2026. They make this easier than it was:

• Simplified documents for physical shares worth up to ₹10 lakh per listed company, doubled from ₹5 lakh.
• Quick processing for physical holdings up to ₹10,000 where the claimant is a parent, spouse, child or parent-in-law. With DCM Shriram that is at most 10 of today’s shares, a single old ₹10 share.
• No blanket requirement for probate, and one combined affidavit-cum-NOC in place of separate papers. You still have to prove your entitlement if other heirs dispute it.
• 21 days for the registrar to process once all documents are in.

The ₹10 lakh limit is counted per company, on today’s value of the whole folio. With DCM Shriram it is about 1,058 shares today, or 106 old ₹10 DCM Shriram Consolidated shares. The smaller DCM companies will usually stay under it, so a family may need a succession certificate for the DCM Shriram shares and only simple papers for the rest. Above the limit you usually need a succession certificate or legal heir certificate, unless there is a nominee or the other heirs give no-objection. Read more in our guides to transmission of shares and transmission without a succession certificate.

Bought DCM Shriram shares on paper but never got them transferred?

You can use SEBI’s special window, open until 4 February 2027, if the shares were bought before 1 April 2019 and you still have the original certificate. It is for people who bought shares from someone else, signed a transfer deed, and never became the registered holder.

• It covers transfers never lodged, and transfers lodged before but rejected or returned.
• It does not cover cases where the original certificate is lost, disputed cases, or shares already moved to the IEPF.
• The shares are credited in demat only, and they are locked in for one year from the date the transfer is registered. You cannot sell or pledge them during that year.

Lodge through the company’s registrar with the original certificate, the transfer deed and your demat details. Any bonus, split or demerger shares issued after the deed was signed went to the seller, who was still the registered holder. Ask the registrar exactly which shares your certificate covers before you lodge it. The full rules of the window.

Why not just hand the certificates to a local lawyer or agent?

Because with an old DCM holding the paper in your hand names one company, and the shares are now spread across seven.

Take the family with the grandfather’s 1988 DCM certificate for 100 shares. A generalist reads “DCM Ltd, 100 shares”, looks up DCM Ltd at ₹75, values the holding at about ₹7,510, and writes to one registrar. But the folio’s real holding is 250 DCM Shriram shares and shares in six more companies, about ₹2.61 lakh, with four different registrars and possibly an IEPF claim for each company. The DCM Shriram line alone is worth more than thirty times what the generalist priced. And a folio of just 200 of the older ₹25 DCM shares from the 1970s is already worth more than ₹10 lakh in DCM Shriram alone, which changes every document the family needs.

We work the other way round. We trace the complete holding first: the 1990 division, the 2005 bonus and split, the 2019 and 2025 demergers, the SIEL line to Mawana Sugars, every folio, every IEPF transfer. Then a vetted local partner handles the paperwork where you live (affidavits, police report, newspaper notice, succession papers) on the full holding, the first time.

There is also the question of who is paid for what. A lawyer or agent is paid whether or not your shares ever arrive. We are not. Zero advance — you pay only once the shares are credited to your demat account. So we only get paid if the whole chain works.

DCM was a Delhi company, and most of its family of companies still have their offices in Delhi and Gurugram. So does the IEPF Authority, where every IEPF claim is decided. Our team is in Delhi, so we can follow your file up in person, not by letter from another city. Share recovery in Delhi. For an IEPF claim, what matters is who is closest to the office that holds your file.

The document is only the start. After it come the KYC, the entitlement letters, the verification, the demat credit, and a transmission if the holder has died, once for each company. Anyone can get you a piece of paper. We get you the shares. See how our IEPF claim service works.

Dates you should know about

21 September 1990 is the record date for the DCM division. Every 4 DCM shares became 1 share in each of four companies.

October 2005 is when DCM Shriram Consolidated gave its only bonus, 1 for 1, and split each ₹10 share into five ₹2 shares, on the same day. The company was renamed DCM Shriram Ltd in 2014.

31 May 2019 is the record date for DCM Nouvelle, 1 share for every DCM Ltd share.

October 2021 is when DCM Shriram Industries split each ₹10 share into five ₹2 shares, and 26 December 2025 is the record date for its demerger: 1 DCM Shriram Fine Chemicals share and 1 DCM Shriram International share for each share held.

13 August and 31 August 2026 were the claim-by dates for the latest IEPF batches of DCM Shriram and DCM Shriram Industries. Folios that had not cashed a dividend since 2018–19 are now moving to the IEPF. A new batch follows each year.

4 February 2027 is when SEBI’s special window for old physical transfers closes. It covers shares bought on paper before 1 April 2019 whose transfer was rejected, returned or never lodged. Shares already moved to the IEPF are not covered.

Holding other old certificates too? See what happened to Jindal and JSW shares, Eicher shares, Reliance Industries shares, L&T shares and ITC shares.

Not sure how many shares your family’s DCM certificates add up to, or whether they have gone to the IEPF? Start with Find Your Shares →

Frequently Asked Questions

What is the new name of DCM Shriram Consolidated?
DCM Shriram Ltd. DCM Shriram Consolidated Limited changed its name to DCM Shriram Limited in 2014. It is the same company, with the same shares and folio numbers, so an old DCM Shriram Consolidated certificate counts like any other DCM Shriram certificate of the same date.

Is DCM Shriram the same as Shriram Finance?
No. Shriram Finance belongs to a different Shriram group, based in Chennai, and has nothing to do with DCM. An old DCM or DCM Shriram certificate gives you no Shriram Finance shares. SRF, Shriram Pistons & Rings and DCM Financial Services are also separate companies with their own shares.

What happened to old DCM (Delhi Cloth Mills) shares in 1990?
DCM was divided into four companies with effect from 1 April 1990: DCM Ltd, DCM Shriram Industries, DCM Shriram Consolidated and Shriram Industrial Enterprises. Shareholders got 1 share in each of the four for every 4 DCM shares held on the record date, 21 September 1990. Those four are now seven listed companies.

How many DCM Shriram shares do 100 old DCM Shriram Consolidated shares become?
1,000, if the certificate shows ₹10 shares (issued between 1990 and October 2005). In October 2005 the company gave 1 bonus share for every share and split each ₹10 share into five ₹2 shares on the same day. 1,000 shares were worth about ₹9.45 lakh at the 28 September 2026 price of ₹944.60. A certificate showing ₹2 shares is counted one for one.

Has DCM Shriram ever issued bonus shares?
Once. DCM Shriram issued 1 bonus share for every share held in October 2005, on the same day it split each ₹10 share into five ₹2 shares. It has not issued bonus shares or split its shares since.

What did DCM Shriram Industries shareholders get in the 2025 demerger?
1 share of DCM Shriram Fine Chemicals and 1 share of DCM Shriram International for every DCM Shriram Industries share held on the record date, 26 December 2025. They kept their DCM Shriram Industries shares too. 100 old ₹10 DCM Shriram Industries shares are now 500 shares of each of the three companies, because of the 2021 split of ₹10 into five ₹2 shares.

What is DCM Nouvelle, and do DCM Ltd shareholders own it?
DCM Nouvelle is the company that took over DCM Ltd’s textile business in 2019. Every DCM Ltd shareholder on the record date, 31 May 2019, got 1 DCM Nouvelle share for each DCM Ltd share. DCM Nouvelle has its own registrar, Skyline Financial Services in Delhi.

What happened to Shriram Industrial Enterprises (SIEL) shares?
They are now Mawana Sugars shares. SIEL merged with Shriram Refrigeration Industries in 1992, was renamed SIEL Ltd in 1996, split off its sugar business in 2003, took that business back in 2007 while cutting its own shares to one-third, and renamed itself Mawana Sugars in 2008. After the two cuts the holding is small. Mawana Sugars’ registrar, MAS Services in Delhi, confirms the exact count.

Who is the registrar (RTA) for DCM Shriram?
KFin Technologies Limited, in Hyderabad. KFin also handles DCM Shriram Industries, DCM Shriram Fine Chemicals and DCM Shriram International. Older letters may name MCS Share Transfer Agent, which DCM Shriram used before. DCM Ltd’s registrar is MCS Share Transfer Agent, DCM Nouvelle’s is Skyline Financial Services, and Mawana Sugars’ is MAS Services, all in Delhi.

When are DCM Shriram shares transferred to the IEPF?
Every year, when a dividend passes seven years unclaimed, DCM Shriram moves the shares of every folio that has not cashed a dividend for seven years in a row. The latest batch, for folios that have not cashed a dividend since the 2018–19 final dividend, had a claim-by date of 13 August 2026. DCM Shriram Industries’ latest batch had a claim-by date of 31 August 2026.

If my DCM Shriram Industries shares are in the IEPF, do I need separate claims for the new companies?
Yes. If the shares were already in the IEPF on 26 December 2025, the DCM Shriram Fine Chemicals and DCM Shriram International shares due on them went to the IEPF too. You file one Form IEPF-5 for each company, so one old folio can mean three claims.

What if the DCM Shriram share certificate is lost?
If the shares are still with the company, apply to KFin Technologies with Form ISR-4 for duplicate shares, credited in demat. Up to ₹10,000 needs only a plain-paper undertaking; ₹10,000 to ₹10 lakh needs an affidavit-cum-indemnity bond; above ₹10 lakh you also need a police report and a newspaper notice. Because each old ₹10 share is 10 shares today, a lost certificate for 106 old shares is already above ₹10 lakh. If the shares have gone to the IEPF, you claim them with Form IEPF-5 instead.

What if the DCM Shriram shareholder has died?
The shares pass to the nominee or legal heirs by transmission through each company’s registrar, and are credited in demat. Simplified documents apply to physical shares worth up to ₹10 lakh per company, which with DCM Shriram is about 1,058 shares today, or 106 old ₹10 shares. Above that, heirs usually need a succession certificate or legal heir certificate unless there is a nominee or the other heirs give no-objection.

Did DCM Shriram’s share buybacks reduce my shares?
No. DCM Shriram bought back some of its own shares in 2014 and in 2018. Only shareholders who chose to sell were affected. A family that kept its certificates still holds every share, including the 2005 bonus.

Do I have to pay SharesRecover anything upfront?
No. Zero advance — you pay only once the shares are credited to your demat account.