Dhampur Sugar Mills Ltd

Business Overview

• Core business: sugar, maize-based ethanol, potable spirits, chemicals; Mishti by Dhampur brand.
• Revenue mix: sugar 64.63%, other segments 35.37%.
• Brand initiative: Mishti by Dhampur introduced.

Operational Highlights

• Sugar sales: 0.85 lakh tons vs 0.80 lakh tons.
• Sugar realisation: Rs 41,202/ton vs Rs 39,999.
• Maize-based ethanol margins improved due to lower production costs.
• Chemical sales: 86.48 lakh kg vs 78.52.
• Ethanol sales down to 151.53 lakh BL from 182.39.
• Power exports 0.36 crore units vs 0.95 due to early SS closure.

Financial Performance

• Consolidated revenue gross Rs 786.17 cr; net Rs 552.62 cr.
• Other income Rs 5.84 cr; EBITDA Rs 37.12 cr; margin 4.72%.
• PBT Rs 8.24 cr; margin 1.05%; PAT Rs 6.09 cr; margin 0.77%.
• EPS Rs 0.94; Net profit to shareholders Rs 6.03 cr.
• Sugar EBIT improved to 27.25% from -18.87%.

Capital Structure & Liquidity

• Issuer rating IND AA-; term loan IND AA-.
• Working capital limits and CP rated IND A1+; public deposits IND AA-.

Strategy & Outlook

• Brand Mishti by Dhampur introduced.
• Strategic focus on sugar and maize ethanol; margins improving.

Governance & Leadership

• Promoter Chairman: Ashok Kumar Goel; MD: Gaurav Goel.
• Independent Directors: Satpal Arora, Yashwardhan Poddar, Anuj Khanna.
• Other directors: Pallavi Khandelwal, Subhash Pandey.

Financial results approved

• Unaudited standalone results for quarter ended 30 June 2026 approved.
• Unaudited consolidated results for quarter ended 30 June 2026 approved.
• Limited Review Reports enclosed with both results.

Auditor reports and subsidiary notes

• Independent auditor's review concluded no material misstatement in consolidated results.
• DETS Limited and EHAAT Limited included; DETS reviewed by another firm, EHAAT by joint auditors.

Commercial Paper payment

• Certificate confirms timely payment of Rs 100 crore maturity amount for CP INE041A14142.
• Issue date 30-06-2026; Maturity 30-07-2026; Payment date 30-07-2026.
• Compliance under SEBI Master Circular on Commercial Papers.
• No default reported; funds paid as per required maturity schedule.

Commercial Paper repayment

• Confirmed timely payment of Rs 100 crore maturity amount for CP INE041A14142.
• CP issued 30-06-2026, matured 30-07-2026, payment made on 30-07-2026.
• CP is listed under SEBI Master Circular; certificate filed with exchanges.
• Signed by Company Secretary Aparna Goel.
• No impact on liquidity disclosed.

Book closure for AGM

• Book closure from 20 August 2026 to 26 August 2026 for the 91st AGM.
• Meeting scheduled for 26 August 2026 at 03:00 PM via VC/OAVM.

Overview

• FY2025-26 BRSR for Dhampur Sugar Mills Ltd; standalone reporting scope.
• Core activities: sugar manufacturing, ethanol, potable alcohol, and power generation.
• Reporting boundary: standalone basis per Annex; integral to Annual Report.
• ESG disclosures structured for investors.

Key ESG Risks & Opportunities

• Material ESG risks: water scarcity, groundwater depletion, and regulatory compliance.
• GHG emissions/energy intensity; mitigation via energy audits and renewable energy.
• Water reuse and ZLD; circular water management to enhance resilience.
• Supply chain human rights; policies and due diligence.
• Cybersecurity and data privacy risks; encryption and incident response.
• Reputational risk from ESG issues; governance reduces exposure.
• Renewable energy adoption reduces costs and emissions.
• Water reuse and ZLD enable regulatory compliance and efficiency gains.
• Ethical supply chain practices may enhance investor confidence.

Governance & Policy Highlights

• Board-level ESG oversight; formal sustainability and risk committees.
• Key policies: anti-bribery, whistleblower, human rights, ethics.
• Formal whistleblower mechanism; time-bound investigations; no material breaches reported.
• Compliance programs in place; penalties not disclosed.

Social Responsibility & Workforce

• No non-permanent employees on rolls.
• Formal grievance redressal channels and multi-channel reporting.
• Employee development programs: SEP, SOP, TPM, and training.
• Farmers training programs and CSR focus on education and water stewardship.
• Health and safety: safety committees and workplace safety enhancements.

Environmental Performance

• Energy: renewable energy usage via bagasse and distillery waste.
• Water: wastewater management with ZLD; treated water reused in processes.
• GHG emissions tracking; energy audits and reduction targets.
• Zero Liquid Discharge in some units; regulatory compliance.
• Environmental certifications/targets aligned with sustainability goals.

Stakeholder Engagement & Complaints

• Farmers (sugarcane growers) engaged daily by Cane Department.
• Communities engaged via CSR; farmer training and information dissemination.
• Investors/shares: regular interactions; transparent communications.
• Grievance mechanisms: investor and community channels; government/regulators engaged.
• No major unresolved complaints reported.

Other Notable Metrics

• Data privacy/cybersecurity: NIL data breaches; cybersecurity measures in place.
• Product recalls: NIL; no voluntary or forced recalls.
• Supply chain sustainability: supplier audits and due diligence noted.

Unpaid/Unclaimed dividends transfer to IEPF

• Reminder to shareholders to claim unpaid/unclaimed dividends before transfer to IEPF.
• Dividends unpaid for seven consecutive years will transfer to the IEPF Demat account.
• Unpaid dividends for FY 2018-19, 2019-20, 2021-22, and 2022-23 are in scope.
• The due date for FY 2018-19 is 8 October 2026.
• Equity shares with unpaid dividends will also transfer to the IEPF Demat account.
• Claimants must submit a signed letter, PAN, address proof, and bank details.
• Once transferred, no further claims can be made against the company.
• Claimants may reclaim dividends or shares from IEPF using Form IEPF-5.