Shriram Polytech is wholly owned subsidiary of DCM Shriram. As on 31 March 2025, SPL had recorded a turnover of Rs 201.63 crore and had a networth of Rs 78.36 crore.
Teknor Apex B.V. (Teknor) is a wholly owned subsidiary of Teknor Apex Company, which is based out of USA. Teknor is a Dutch entity based out of Geleen, Netherlands, with operations in Genk, Belgium. Teknor is primarily engaged in the business of manufacture and sale of thermoplastic elastomers in the European Union.
Consequent to the aforementioned transaction, SPL would cease to be wholly owned subsidiary of the company and shall be reclassified as a joint venture of the company.
Elaborating on this transaction, DCM Shriram stated: 'This partnership represents a significant milestone in DCM Shriram's strategy to strengthen and grow its advanced materials Polymer compounds portfolio, and expand and develop its global partnerships in high-growth sectors.
By combining Shriram Polytech's strong domestic presence and manufacturing capability deep expertise in vinyl compounds with Teknor Apex's global formulation capabilities, the joint venture aims to deliver high performance and technically advanced, sustainable specialty polymer solutions for diverse industrial applications.'
DCM Shriram is a diversified and an integrated business entity with extensive and growing presence across the agri value chain, chemicals & vinyl industry and building material products. Access to captive power at all key manufacturing units enables the businesses to optimize competitive edge.
The company had reported 19.09% fall in consolidated net profit to Rs 212.11 crore despite a 13.01% rise in revenue to Rs 3,785.63 crore in Q3 FY26 as compared with Q3 FY25.
The scrip had gained 0.59% to end at Rs 1179.80 on the BSE today.
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BOB Capital Markets Limited (BOBCaps) is firmly committed to the safety of your wealth. We would like to bring to your notice certain precautions that you certainly must take against potential tele-fraudsters/ unscrupulous and unregistered portfolio managers:
ALWAYS AVOID
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Certain tele-fraudsters / unscrupulous and unregistered portfolio managers call customers or SMS them on the pretext of providing investment tips and lure them to invest through their bogus firms by promising huge profits.
Such deceitful callers ask the customer to share his/her login credentials with passwords to allow trading in their accounts, assuring huge returns.
Often trades done in the customer’s accounts are far from the best interest of the customers. Holdings of customers are often sold and with the funds, trades are then placed in illiquid securities at unrealistic prices.
At times, the holdings of customers are sold at prices detrimental to the customer. The so-called “portfolio manager” assures profits, which naturally does not materialize. Customers are deceived into providing access to their trading accounts, thereby allowing such fraudsters access to funds and securities available to execute trades, injurious to the customer’s interest.
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