Dhampur Sugar Mills Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 28, 2025
DHAMPURSUG · price
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Dhampur Sugar Mills Limited has informed the exchanges about its 90th Annual General Meeting scheduled for August 28, 2025, at 3:00 PM via video conferencing, along with the Annual Report for FY 2024-25. The register of members will be closed from August 22 to August 28, 2025, with the cut-off date for e-voting fixed as August 21, 2025. The annual report reveals a weak year, with net profit falling 61% to ₹52.42 Crores and EBITDA declining 36% to ₹187.31 Crores, driven by a 22.35% drop in sugarcane crushing (28.49 Lakh Tonnes) due to crop damage from heavy rains and red rot disease affecting the CO 0238 cane variety. Despite this, revenue was largely flat at ₹2,656.38 Crores, net worth strengthened 4.75% to ₹1,153.35 Crores, credit rating was maintained at AA-/A1+, and the company announced a second buyback of 10,81,081 shares at ₹185 per share in May 2025. The company is actively transitioning cane varieties and shifting toward value-added products like potable spirits to drive a recovery.
While the AGM notice itself is routine, the accompanying annual report flags a sharp profit decline that may weigh on short-term sentiment. However, the maintained AA- credit rating, second share buyback, and clear strategic push toward cane varietal transition and value-added products signal management discipline, which long-term investors may view as constructive for a future recovery.