Dhampure Specialty Sugars Ltd

Dhampure Specialty Sugars Ltd: Trading Window closed from 1 October 2026 till 48 hours after the declaration of unaudited financial results (Standalone and Consolidated) for the quarter and six months ended 30 September 2026

AGM details

• Date and time: 15 Sep 2026, 3:00 PM–3:30 PM IST.
• Mode: Physical AGM at registered office with remote e-voting and postal ballot.
• Record date: 08 Sep 2026.
• Shareholders on record: 5,324.
• Attendees: 41 present (5 promoters, 36 public).

Resolutions and voting outcomes

• Item 1: Adoption of audited financial statements; ordinary; passed.
• Item 2: Re-appointment of Mrs. Praveen Singh as director; ordinary; passed.
• Item 3: Re-appointment of Mr. Sorabh Gupta as Managing Director; ordinary; passed.

AGM Details

• 34th AGM held on 15 September 2026 at 3:00 PM IST, in-person in Dhampur, UP.
• Remote e-voting available from Sep 12–14, 2026; Scrutinizer appointed.
• Meeting lasted 3:00 PM to 3:30 PM; 41 members attended in person.

Resolutions

• Resolution 1 (Ordinary): Adopt Audited standalone and consolidated financial statements for FY2026.
• Resolution 2 (Ordinary): Re-appoint Mrs. Praveen Singh, retiring by rotation.
• Resolution 3 (Ordinary): Re-appoint Mr. Sorabh Gupta as Managing Director per terms.

Voting status

• Voting results pending; combined results to be declared within two working days.
• Results to be posted on company website and NSDL/BSE portals.

Director changes

• Praveen Singh to be re-appointed; retires by rotation.
• Sorabh Gupta to be re-appointed as MD; terms per appointment.

Financial highlights

• Standalone revenue from operations: ₹5,530.56 lakhs, up from ₹3,578.35.
• Standalone total income: ₹5,586.49 lakhs, up from ₹3,614.68.
• Standalone EBITDA: ₹751.27 lakhs, up from ₹340.53.
• Standalone PBT: ₹712.33 lakhs, up from ₹333.34.
• Standalone PAT: ₹540.85 lakhs, up from ₹250.34.
• Standalone basic/diluted EPS: ₹6.19.
• Consolidated revenue: ₹5,838.98 lakhs, up from ₹3,979.86.
• Consolidated PAT: ₹554.78 lakhs, up from ₹287.79.
• Consolidated EPS: ₹6.35, up from ₹3.45.
• Exports: ₹16.99 lakhs in FY2025-26; ₹150.90 prior year.
• Dividend: board did not declare any dividend.

Capital structure & equity

• Paid-up capital as of 31 Mar 2026: ₹8,73,12,000 (87,31,200 shares).
• 4,00,000 warrants converted to equity increased paid-up capital.
• 8,80,000 Convertible Warrants issued on 18 Mar 2026 to Promoter Group.
• Promoter stake about 60.3% as of 31 Mar 2026.
• Company remains almost debt-free with negligible borrowing.
• Wholly owned subsidiaries: Dhampur Green Pvt Ltd, Sun Burst Services Pvt Ltd, Nostalgic Foods Retail Pvt Ltd.
• Share dematerialisation: 97.97% of shares in demat form (85,54,100).
• No funds raised through preferential allotment or QIP in FY2025-26.

Business environment & outlook

• Global sugar production ~182 million tonnes in 2025/26; global surplus ~2.2 million tonnes.
• DGFT restricted exports from May 2026; only exempted quotas permitted.
• India's ethanol blending target reached 20% by ESY 2025-26; aim for E27 by 2030.
• Brand-led premiumisation and FMCG expansion support margins and growth.
• Outlook: growth momentum to continue; promoter warrant infusion may fund capacity expansion.
• Risks include agricultural/commodity price volatility and regulatory changes.

Subsidiaries & consolidation

• Subsidiaries: Dhampur Green Private Ltd; Sun Burst Services Private Ltd; Nostalgic Foods Retail Private Limited.
• Consolidated results reflect contributions from FMCG subsidiaries; revenues and profits are higher than standalone.
• Management emphasizes integration of branded products with sugar/jaggery portfolio.

Governance & controls

• Board comprises 4 directors: 1 MD, 1 non-executive, 2 independent.
• Statutory Auditor: M/s JLN US & Co LLP; reappointed through FY2026-27.
• Secretarial Auditor: Uma Verma & Associates; MR-3.
• Audit Committee: 3 directors; meets 5 times in FY2025-26.
• Remuneration policy aligned; MD remuneration in this year shown as nil.
• Internal controls: adequate; no material weaknesses reported.

Dividend policy & capital allocation

• Dividend for FY2025-26 not declared.
• Promoter warrant infusion planned; expected to strengthen net worth on conversion.
• No funds raised via preferential allotment or QIP in FY2025-26.

Risks & forward look

• Key risks: cane price/availability, regulatory changes, export constraints, currency exposure.
• Company views ethanol/differentiated product mix as risk mitigants; focuses on premium FMCG growth.
• Management expects continued growth momentum; monitors agriculture cycles and policy shifts.

Financial highlights

• Standalone revenue from operations: ₹5,530.56 lakh in FY2025-26.
• Consolidated revenue from operations: ₹5,838.98 lakh.
• Standalone EBITDA: ₹751.27 lakh; Consolidated EBITDA: ₹792.16 lakh.
• Standalone PAT: ₹540.85 lakh; Consolidated PAT: ₹554.78 lakh.
• Basic EPS: Standalone ₹6.19; Consolidated ₹6.35.
• Export sales ₹16.99 lakh; down from ₹150.90 lakh.
• Total income: Standalone₹5,586.49 lakh; Consolidated₹5,903.89 lakh.
• Dividend not declared for FY2025-26.
• Subsidiaries FY2025-26 revenue: Dhampur Green ₹1,683.73L; Sun Burst ₹279.18L; Nostalgic Foods ₹112.46L.

Capital structure & equity

• Paid-up capital rose to ₹873.12 lakh due to warrants.
• 8,80,000 convertible warrants issued to promoter group.
• Standalone equity ₹3,852.50 lakh; Consolidated ₹4,243.87 lakh.
• Company remains debt-free; debt-equity not applicable.
• Promoter stake around 60.3%; warrant infusion expected to strengthen net worth.

Subsidiaries & business model

• Three wholly owned subsidiaries: Dhampur Green Private, Sun Burst Services, Nostalgic Foods Retail.
• Subsidiary FY2025-26 revenue total ₹2,075.37 lakh.
• Nostalgic Foods Retail designated material subsidiary; policy disclosed on website.
• Brand portfolio includes Dhampur Green and Sugarindia; FMCG footprint expanding.

Operations & market context

• Industry focus on premium branded sugars and jaggery; reduced exposure to bulk sugar swings.
• May 2026 export ban on sugar; impact mitigated by branded product mix.
• Outlook: growth momentum to continue; capex via promoter warrant infusion.
• Ethanol blending policy remains a regulatory risk.

Liquidity & working capital

• Group nearly debt-free; working capital cycle ~66.6 days; debtor days 23.1.
• Cash and cash equivalents ₹611.51 lakh; no borrowings.
• Standalone current ratio 2.61; Consolidated 3.07.

Governance & risk management

• Board of 4 directors; 2 Independent; committees: Audit, Nomination & Remuneration, Stakeholders.
• Statutory auditor: JLN US & Co LLP; no qualifications.
• Secretarial audit (MR-3) conducted; no material observations.
• Vigil mechanism in place; no POSH complaints.

Audits, compliance & disclosures

• Minor disclosures on related parties and internal controls; no CSR applicability.
• Company complied with SEBI LODR requirements; no material non-compliance.

Outlook & risks

• Sugar market volatility, regulatory changes, and cane price dynamics remain risks.
• Strategic shift to value-added FMCG products to mitigate cyclicality.
• Continued focus on capacity expansion and distribution for the FMCG portfolio.

AGM Details

• AGM date/time: 15 September 2026 at 3:00 PM IST at the registered office.
• Mode: physical in-person meeting at the registered office.
• Record date: 08 September 2026; remote e-voting window: 12–14 September 2026.

Resolutions put to vote

• Adopt Audited standalone and consolidated financial statements for FY 2025-26.
• Re-appoint Mrs. Praveen Singh as Director on rotation.
• Special Business: Re-appoint Sorabh Gupta as MD for three years (Oct 2026–Sep 2029).

Directors and MD terms

• Praveen Singh to be re-appointed as Director, retires by rotation.
• Sorabh Gupta to continue as MD for three years; no salary during tenure.
• Board may revise MD remuneration within statutory limits; minimum entitlement if profits are inadequate.

Other governance details

• Explanatory Statement notes MD tenure, nil remuneration, and related terms.
• Annual Report for 2025-26 available on company website.

Use of funds status

• Purpose: confirm no deviation or variation in use of funds raised.
• Mode of fund raising: preferential issue of warrants under an EGM resolution.
• Deviation/variation: none observed for the quarter ending 30 June 2026.
• Audit Committee monitoring: reviewed fund utilisation for the relevant warrants allotment.
• Status of fund utilisation: in line with original objects for the period.

Financials

• Consolidated quarter ended 30-06-2026: net sales 1741.63; total income 1760.87; net profit 171.46.
• Standalone quarter ended 30-06-2026: net sales 1682.45; total income 1701.69; net profit 163.50; EPS 1.87.

Board actions & AGM details

• MD Sorabh Gupta re-appointed from Oct 1, 2026 for three years, subject to shareholder approval.
• 34th AGM to be held on Sep 15, 2026 at 3:00 PM IST, physical with remote e-voting.
• Uma Verma appointed Scrutinizer for AGM voting.