DCM Shriram Industries shares are trading on an ex-demerger basis following the record date of December 26. The company's demerger, approved by the NCLT, will reorganize its businesses into two new listed entities: DCM Shriram Fine Chemicals Ltd (DSFCL) and DCM Shriram International Ltd (DSIL), alongside the residual DCM Shriram Industries. Shareholders on the record date will receive shares in a 1:1:1 ratio, meaning for every share held, they will retain one in the residual company and receive one each in DSFCL and DSIL.