Outcome of the meeting of the Board of Directors held on February 19, 2026
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The Board of Directors of Dhampure Speciality Sugars Ltd, at its meeting held on February 19, 2026, approved the issuance of 8,80,000 Equity Warrants on a preferential basis to members of the Promoter and Promoter Group. Each warrant is priced at Rs. 121.40 (including face value of Rs. 10) and is convertible into 1 equity share at Rs. 133 per share within 18 months. The allottees include Mr. Sorabh Gupta, Mrs. Reena Gupta, Ms. Ananya Gupta, and Mr. Shrey Gupta, each receiving 2,20,000 warrants. The total issue size is approximately Rs. 10.68 crore. Post-issue, promoter Sorabh Gupta's holding will change from 42.51% to 40.91%, while other promoter group members will see modest increases in their stakes.
The preferential issue is entirely within the promoter group, so there is no dilution for existing public shareholders. However, it signals the promoters' commitment to infusing additional capital into the company. Upon full conversion of warrants, the paid-up capital will expand, potentially leading to minor share dilution for non-promoter shareholders.