Dhampur Bio Organics Announces Meerganj Unit Slump Sale, Joint Venture with Orgonew, and Key Board Changes
Dhampur Bio Organics Limited (DBOL) announced major corporate updates following its Board of Directors meeting on April 20, 2026. The Board approved the transfer of a significant operational unit, a strategic joint venture formation, and key changes to the company’s leadership and committee structure.Slump Sale of Meerganj Unit
The Board approved the transfer of the company's sugar factory located at Meerganj, Bareilly, Uttar Pradesh, referred to as the Meerganj Unit. This transfer will occur on a slump sale basis to Forever Global Enterprises Limited. The sale is intended to enable Dhampur Bio Organics Limited to maintain a strong focus on the growth of its high-margin and value-added businesses, aiming to make the company cash surplus and net debt free.Key details regarding the Meerganj Unit transfer are outlined below:
| Particulars | Details |
|---|---|
| Buyer | Forever Global Enterprises Limited (Not related to the promoter/promoter group). |
| Transaction Type | Slump sale of the Meerganj Unit. |
| Value of Consideration | A net amount not exceeding INR 305,00,00,000 (Indian Rupees Three Hundred and Five Crore). |
| Financial Impact | The total turnover of the Company as of March 31, 2025, was 2714.40 Crores. The Meerganj Unit contributed 15.52% of this turnover, equating to 423.24 Crores. |
| Timeline | The Business Transfer Agreement was executed on April 20, 2026. The expected completion date is within 60 days from the date of execution. |
Strategic Joint Venture with Orgonew Private Limited
The company also received approval to enter into a Joint Venture (JV) with Orgonew Private Limited. The purpose of this JV is the development, manufacture, marketing, distribution, and commercialization of phyto bio-active coated functional food products and other products for human consumption. This collaboration leverages Orgonew’s proprietary nano-curcumin coating platform and allied process know-how alongside DBO’s manufacturing infrastructure.Details of the proposed JV include:
| Parameter | Details |
|---|---|
| JV Parties | First Party: Dhampur Bio Organics Limited; Second Party: Orgonew Private Limited. |
| Company Shareholding | Dhampur Bio Organics Limited will hold 74% of the equity share capital. |
| Partner Shareholding | Orgonew Private Limited will hold 26% of the equity share capital. |
| Product Focus | Phyto bio-active coated functional food products, such as curcumin-coated low-GI sugar. |
Governance and Leadership Updates
The Board meeting approved several changes concerning the company’s leadership and operational committees, effective May 5, 2026.Directorship Changes:
1. Mr. Sandeep Kumar (DIN: 06906510): Mr. Kumar will change his designation and category from Whole Time Director to Non-Executive Director, concluding his tenure as Whole-Time Director.
2. Mr. Nalin Kumar Gupta (DIN: 01670036): Mr. Gupta was appointed as Additional and Whole Time Director. His term of appointment is set for three years, commencing from May 05, 2026, and ending on May 04, 2029. He will serve as Whole-time Director cum CFO of the company.
Committee Reconstitution:
The composition and structure of the Risk Management Committee and the Corporate Social Responsibility Committee were amended.
| Committee | Member | Designation | Category |
|---|---|---|---|
| Corporate Social Responsibility | Mrs. Bindu Vashist Goel | Chairperson | Non-Executive Director |
| Mr. Nalin Kumar Gupta | Member | Whole-time Director | |
| Mrs. Ruchika Amrish Mehra Kothari | Member | Independent Director | |
| Risk Management Committee | Mr. Ashwani Kumar Gupta | Chairman | Independent Director |
| Mr. Gautam Goel | Member | Managing Director & CEO | |
| Mr. Vishal Saluja | Member | Independent Director | |
| Mr. Nalin Kumar Gupta | Member | Whole-time Director |
Shareholder Meeting
The Board also scheduled an Extra Ordinary General Meeting (EOGM) of the company’s shareholders for May 18, 2026.DBOL Stock Price Movement
Shares of Dhampur Bio Organics Limited today slipped by 1.53% to settle at ₹112.77. The stock traded on a volume of 35,836 shares, marking a notably weaker close for the underlying equity.Source:
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