The Board of Sundaram-Clayton Limited (BSE:520056) announced the spin-off of Sundaram-Clayton DCD Private Limited on February 9, 2022. As per the transaction, The shareholders of Sundaram-Clayton Limited will get 1 equity share of INR 5 each fully paid up of the Sundaram-Clayton DCD Private Limited, for every 1 equity share of INR 5 each held and d 1 NCRPS of INR 10 each fully paid up of Resulting Company, for every 1,000 non-convertible redeemable preference held by such shareholder. The transaction is subject to receipt of approval from the statutory, regulatory and customary approvals, including approvals from the BSE Limited, National Stock Exchange of India Limited, jurisdictional National Company Law Tribunal and the shareholders and creditors of the companies involved in the scheme. Upon demerger of the demerged undertaking from the Company into the Resulting Company becoming effective, the name of Sundaram-Clayton DCD Private Limited shall stand changed to Sundaram - Clayton Limited. The equity shares to be issued by the Resulting Company shall be listed on the BSE Limited and the National Stock Exchange of India Limited. As of December 16, 2022, the transaction is approved by shareholders of Sundaram-Clayton Limited. As of March 7, 2023, the transaction is approved by court.

Sundaram-Clayton Limited completed the Spin-Off of Sundaram-Clayton DCD Private Limited on August 31, 2023.