Dhampur Bio Organics Partners with Orgonew Private Limited for Functional Food Venture
Dhampur Bio Organics Limited has signed a Joint Venture Agreement with Orgonew Private Limited, marking a new strategic move into the functional food market. The agreement was executed on June 04, 2026, and established the terms for a Joint Venture Company (JVC).The partnership is centered around the development, manufacturing, marketing, distribution, and commercialization of phyto bio-active based functional food products meant for human consumption or usage. These specialized products include items such as curcumin-coated low-GI sugar products. The venture will leverage Orgonew's proprietary nano-curcumin coating platform and allied process know-how in conjunction with Dhampur Bio Organics Limited’s manufacturing infrastructure and commercial reach across various sales channels, including General Trade, Modern Trade, E-Commerce, and Q-Commerce.
Key Details of the Joint Venture Agreement
The agreement defines the structural and operational parameters of the new JVC. The parties involved are First Party: Dhampur Bio Organics Limited and Second Party: Orgonew Private Limited.Details regarding the purpose, structure, and terms of the alliance include:
| Particulars | Details |
|---|---|
| Purpose | To develop, manufacture, market, distribute, and commercialise phyto bio-active coated functional food products through a Joint Venture Company (JVC). |
| Shareholding Structure in JVC | The Company will hold 74% of the equity share capital. Orgonew Private Limited will hold 26%. |
| Board Composition | The Board will comprise Three Directors, including the Chairman. Two directors will be appointed by Dhampur Bio Organics Limited and one director will be appointed by Orgonew Pvt Ltd. |
| Term Commitment | A lock-in period of 5 years is stipulated for the venture. |
The agreement also specifies that the shareholding structure is subject to certain terms:
- Orgonew’s stake in the JVC must be maintained at 26% for the initial three years following the date of closing.
- Neither party holds any existing shares in the other company prior to the execution of this agreement.
The parties confirmed that there is no relationship between Dhampur Bio Organics Limited and Orgonew Private Limited with respect to promoters or promoter groups, and the transaction does not constitute a related party transaction.
DBOL Stock Price Movement
Dhampur Bio Organics Limited shares slipped today, closing at ₹109.53 after shedding 1.94% of their value during post-market trading. The stock saw significant intraday volatility, trading between a low of ₹108.10 and a high of ₹112.89.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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