Dalmia Bharat Sugar Fixes Record Date for Demerger; Stock Slips 2% Ahead of Move

New Delhi, October 14, 2025: Dalmia Bharat Sugar and Industries Ltd (NSE: DALMIASUG, BSE: 500097) has announced the record date to determine eligible shareholders for the upcoming corporate action (demerger). The eligible shareholders will receive shares in Dalmia Bharat Refractories Ltd (DBRL) under its approved Scheme of Arrangement. The demerger is effective on October 9, 2025, and the appointed date is fixed at July 1, 2023.

As per the scheme, the shareholders of Dalmia Bharat Sugar will receive 1 fully paid-up equity share of ₹10 each in DBRL for every 48.18 equity shares of ₹2 each held in the company. The stock slipped by slightly more than 2% ahead of the move. At 01:15 PM, the stock traded at ₹365.95 (down by 2.06% from the previous day’s closing).

Dalmia Bharat Sugar and Industries Ltd, part of the Dalmia Bharat Group, operates in sugar manufacturing, ethanol production, power generation, and distillery segments. The company is listed on both BSE and NSE, with a history of consistent dividend distribution and long-term value creation in India’s agribusiness and renewables ecosystem.

Details of the Scheme

As per the demerger scheme, Dalmia Bharat Sugar and Industries Ltd has been demerged, resulting in Dalmia Bharat Refractories Ltd. The appointed date for the scheme is July 1, 2023, and it became effective on October 9, 2025. The record date has been fixed as October 31, 2025, to determine eligible shareholders for allotment. Under the approved share entitlement ratio, shareholders will receive 1 share of DBRL for every 48.18 shares of Dalmia Sugar held. The face value of each DBRL share is ₹10, while that of Dalmia Sugar shares is ₹2.

Market Reaction

At 01:15, the stock was down by 2.06% and traded at ₹365.95 per share. The volume has been under 0.25 lakh shares, and the traded volume has been below 0.80 crore by the early afternoon. The share currently trades significantly lower than the 52-week high price of ₹550 per share. However, the P/E ratio is 8.05, which is lower than the industrial average of 30.50. After today’s slump, the share has plummeted by 11.44% over the past three months.

REF: https://nsearchives.nseindia.com/corporate/DALMIACEM_14102025113410_Record_Date.pdf

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