DCM Shriram Industries

Under a Scheme of Arrangement approved by the shareholders and
 creditors of the Company and also by the Hon'ble Delhi High Court
 vide their Order dated 16-4-90 the Company (DCM Ltd) now stands
 divided into four companies w.e.f. 1-4-90 as follows :
 
 i)  DCM Limited
 ii)  DCM Shriram Industires Ltd
 iii) DCM Shriram Consolidated Ltd
 iv) Shriram Industrial Enterprises Ltd
 
 As per the scheme, the shareholders of DCM Ltd will be allotted
 shares in DCM Shriram Industries Ltd. and Shriram Industrial
 Enterprises Ltd. in the ratio of one share in each of the above
 Companies for every four shares held by then in DCM Ltd as on
 21-9-1990.
 
 Pursuant to the scheme three units namely. Daurala Sugar Works,
 Shriram Rayons and Hindon River Mills have been vested with the
 Company.
 
 2000 - Credit rating agency has retained the MD rating, indicating
 default to the fixed
              deposit programme of the company.
 
 2001- The Board of Directors of the company has approved as under :  
  
             1. Hiving off of its Polymer Processing Business on a
 going concern basis to its 91% subsidiary DCM              Shriram
 Exports Ltd.
 
            - The communication issued to the BSE, DCM Shriram
 Industries Ltd has informed that Shri               D.C.Mittal, Joint
 Managing Director has demitted office on December 11, 2001.