DCM Shriram Industries announces board reshuffle, new leadership appointments

DCM Shriram Industries Ltd. has announced a significant reconstitution of its board of directors, effective December 23, 2025. This follows the approval of a scheme of arrangement by the National Company Law Tribunal. Alok Bansidhar Shriram has resigned as senior managing director & CEO, and Urvashi Tilakdhar as whole time director, with their resignations effective from the close of the meeting on December 23, 2025.

Concurrently, the board inducted Uday Shriram as an additional director and deputy managing director, and Rohan Shriram as an additional director and whole time director, both effective December 23, 2025. Uday Shriram and Rohan Shriram are sons of Madhav Bansidhar Shriram, the current managing director.

In a related change, Madhav Shriram has been redesignated as managing director and chief executive officer, effective December 23, 2025. This change also includes a salary adjustment from INR 5.8 lakh to INR 7.5 lakh per month, with overall remuneration including commission up to 5% of PBT, effective from the financial year 2025-26.