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The latest announcement is out from Dhampur Bio Organics Ltd ( (IN:DBOL) ).
Dhampur Bio Organics Ltd. has approved the transfer of its Meerganj sugar factory in Bareilly, Uttar Pradesh, as a going concern on a slump sale basis to Forever Global Enterprises Ltd., marking a significant portfolio reshaping of its core sugar operations. The board also cleared plans for a joint venture with Orgonew Pvt. Ltd. to develop and commercialise phyto bio-active based functional food and other human-use products, signalling a strategic push into higher-margin, health-oriented consumer segments.
In parallel, the company announced board-level changes, with Sandeep Kumar moving from whole-time director to non-executive director and Nalin Kumar Gupta being appointed as an additional whole-time director, effective May 5, 2026, subject to shareholder approval. Dhampur Bio Organics will also restructure its Risk Management and Corporate Social Responsibility committees and convene an extraordinary general meeting on May 18, 2026, to seek shareholder consent for these corporate actions.
More about Dhampur Bio Organics Ltd
Dhampur Bio Organics Ltd. operates in India’s sugar and bio-based products industry, running sugar manufacturing units in Uttar Pradesh. The company is listed on BSE and NSE and focuses on sugar production while exploring value-added opportunities in bio-organics and related consumer applications.
Average Trading Volume: 23,866
Technical Sentiment Signal: Buy
Current Market Cap: 7.85B INR
Learn more about DBOL stock on TipRanks’ Stock Analysis page.