Dhampur Bio Organics Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 18, 2026
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Dhampur Bio Organics Limited has called an EGM on May 18, 2026 to seek shareholder approval for four key matters. The most significant is the slump sale of its Meerganj sugar unit in Bareilly, Uttar Pradesh to Forever Global Enterprises Limited for Rs. 305 crore cash consideration. The company, which has three units (Asmoli, Mansurpur, and Meerganj), says the sale will help it become net debt free and focus on premium/value-added sugar products. The proceeds will repay debts and fund future growth opportunities. Additionally, Mr. Sandeep Kumar's designation changes from Whole-time Director to Non-Executive Director (his tenure ends May 4, 2026). The company also proposes appointing current CFO Mr. Nalin Kumar Gupta as Whole-time Director for 3 years with annual remuneration including basic salary of Rs. 44.55 lakh plus allowances.
The Rs. 305 crore asset sale is positive for shareholders as it will make the company debt-free and allow focus on higher-margin products. The slump sale requires special resolution with public shareholder approval per SEBI regulations. Leadership continuity through Mr. Gupta's appointment provides stability.