Dhampur Bio Organics Limited has informed the Exchange regarding Outcome of Board Meeting held on April 20, 2026.
DBOL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Dhampur Bio Organics' board approved three major decisions. First, the company will sell its Meerganj sugar factory (Bareilly, UP) to Forever Global Enterprises Limited for Rs 305 crore via slump sale; this unit contributed 15.52% (Rs 423.24 crore) of total turnover of Rs 2714.40 crore in FY25, with the deal expected to complete within 60 days. Second, the company is forming a 74:26 joint venture with Orgonew Private Limited to develop and commercialize phyto bio-active functional food products like curcumin-coated low-GI sugar. Third, Mr. Sandeep Kumar's designation changes from Whole-time to Non-Executive Director, while Mr. Nalin Kumar Gupta (currently CFO) is appointed as Additional and Whole-time Director for 3 years. An Extraordinary General Meeting is scheduled for May 18, 2026.
The Rs 305 crore cash infusion from the asset sale will make the company cash surplus and net debt free, while the new JV signals a strategic pivot toward higher-margin functional food products. Investors should note shareholder approval will be required for all major decisions including the sale.