DCM Shriram Enters Defense Equipment Production
DCM Shriram Industries Limited has been granted Industrial Licenses as stated below:
| Products for which Licenses have been granted. | Unmanned Aerial Vehicles along with Ground Data Terminal, Ground Control Stations and Launchers | Bullet Proof Vehicles including Armoured Multi-Role Vehicles and Specialist Vehicles |
| Name of the Regulatory or Licensing Authority | Arms Licence Issuance Authority, DIPP, Govt. of India. | Arms Licence Issuance Authority, DIPP, Govt. of India. |
| Brief details of approval/ License obtained | The Licence is for the manufacture of 500 UAVs and other items mentioned above annually. | The Licence is for the manufacture of 3000 Vehicles annually. |
| Impact of License to the Listed authority. | Not ascertainable at this stage. | Not ascertainable at this stage. |
| Withdrawal/cancellation or suspension of license/approval by the Regulatory or Licensing authority with reasons for such actions, estimated impact (monitory or otherwise) on the listed entity and penalty, if any. | Not Applicable | Not Applicable |
| The period for which such approval/license is/was valid | Life Time | Life Time |
| Actual impact along with corrective actions taken by the listed entity pursuant to the withdrawal..... | Not applicable | Not applicable |
Though the fructification of the Licenses to product launch would require various steps including trials of proto-types, receipt of firm order, etc and the materiality of the effect of the projects on the Company's operations cannot be determined at this stage.
