Dalmia Bharat Sugar and Industries Limited has informed the Exchange about change in Management
DALMIASUG · price
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Dalmia Bharat Sugar and Industries Limited has announced a change at the Chief Financial Officer level effective March 5, 2026. Mr. Piyush Gupta has resigned as CFO and Key Managerial Personnel citing personal reasons, and the Board accepted his resignation the same day. The Board, on the recommendation of the Nomination & Remuneration and Audit Committees, appointed Mr. Sandeep Garg as the new CFO and KMP with immediate effect. Mr. Garg is a Chartered Accountant with over 25 years of finance leadership experience, including roles as Group CFO at SLMG Beverages (Coca-Cola's largest independent bottler in India) and as head of finance for Bajaj Auto's ₹17,000 crore international business, along with stints at Coca-Cola India, Whirlpool India, and Bharti Airtel. The transition was completed seamlessly on the same day, avoiding any vacancy period at the CFO position.
The same-day handover avoids any leadership vacuum at the finance function. The new CFO brings strong external experience from large multinational and promoter-driven firms, which may be viewed positively, though investors may watch for continuity in financial reporting and strategy over the next few quarters.