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Dhampur Sugar Mills Ltd. Audit Report / Information 2025
59208_rns_2025-05-16_aca42169-7508-43d8-914e-6c76a52936a0.pdf
Audit Report / Information
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16.05.2025
To, The Manager - Listing National Stock Exchange of India Ltd. Exchange Plaza,Bandra Kurla Complex Bandra (East) Mumbai - 400 051 Tel No. 022-2659 8237 /38 Symbol: DHAMPURSUG
The General Manager - DSC BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Mumbai: 400001 Tel No.022-22722039/37 /3121 Security Code: 500119
Dear Sir,
Outcome of Board Meeting
This is to inform that the Board of Directors in its meeting held today i.e., 16 th May, 2025, has interalia considered and approved the following:
- a) Approved Annual Standalone Financial Statements for the year ended 31 st March 2025. (Copy enclosed along with Audit Report and declaration on unmodified opinion on Auditor's Report as Annexure- A).
- b) Approved Annual Consolidated Financial Statements for the year ended 31 st March 2025. (Copy enclosed along with Audit Report and declaration on unmodified opinion on Auditor's Report Annexure- A).
- c) the proposal for buyback of up to 10,81,081 fully paid-up equity shares of face value of Rs. 10/- (Rupees Ten Only) ("Equity Shares") by the Company ("Buyback") representing up to 1.65 % of the total number of Equity Shares of the Company, at a price of INR 185/- (Rupees One Hundred and Eighty Five only) per equity share payable at cash for a total consideration not exceeding Rs. 20,00,00,000 (Rupees Twenty Crores only) (excluding the transaction costs such as brokerage, filing fees, advisors fees, legal fees, public announcement publication expenses, printing charges, dispatch charges, securities transaction tax stamp duty etc.) ("Transaction Costs") ("Buyback Size"), representing 1.74 % and 1.73 % of the total fully paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended March 31, 2025, respectively from all shareholders/ beneficial owners of the Equity Shares of the Company, including promoters and members of the promoter group, as on record date, as mentioned below, on a proportionate basis, through the "tender offer" route, using mechanism for acquisition of shares through Stock Exchange as prescribed under Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended (the "Buyback Regulations") and such other circulars or notifications issued by the Securities and Exchange Board of India and the Companies Act, 2013 and rules made thereunder, as amended from time to time.
DHAMPUR SUGAR MILLS LTD.
6th Floor. Max House. Okhla Phase Ill. Okhla lndl. Area. Mew Delhi -110020 +91-1 '1-41259400. 41259490 I www dhampursugarcom
DHAMPUR SUGAR MILLS LTD. 6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
CIN: l15249UP1933PLC000511 Regd. Office: P.O. Dhampur. Dist. Bijnor- 246761 (U.P.l
In terms of Regulation 5(vi)(a) of the Buyback Regulations, the Board/ Buyback Committee may, till 1 (one) working day prior to the record date, increase the Buyback price and decrease the number of Equity Shares proposed to be bought back, such that there is no change in the Buyback Size.
Centrum Capital Limited, a SEBI Registered Merchant Banker, has been appointed as the Manager to the Buyback.
The details as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed herewith as Annexure - B.
- d) Pursuant to Regulation 42 of the SEBI Listing Regulations and Regulation 9(i) of the Buyback Regulations, the Board of Directors of the Company has fixed Friday, 23 rd May, 2025 as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.
- e) Recommended the re-appointment of Mr. Yashwardhan Poddar as Non-Executive Independent Director for another term of five years , subject to approval of shareholders at the forthcoming Annual General Meeting of the Company.
- f) Recommended the re-appointment of Mr. Satpal Kumar Arora as Non-Executive Independent Director for another term of five years , subject to approval of shareholders at the forthcoming Annual General Meeting of the Company.
The details as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed herewith as Annexure -C.
- g) Approved the reconstitution of Audit Committee of Directors as under:
- i. Mr. Anuj Khanna, Non- Executive Independent Director Chairman
- ii. Mr. Gaurav Goel, Vice Chairman and Managing Director Member
- iii. Mr. Yashwardhan Poddar, Non- Executive Independent Director Member
- iv. Mr. Satpal Kumar Arora, Non- Executive Independent Director Member
- h) Recommended commission for Financial Year 2024-25 to Non-Executive Independent Directors, subject to approval of shareholders at the forthcoming Annual General Meeting of the Company.
- i) Approved the appointment of M/s GSK & Associates, Practicing Company Secretaries as the Secretarial Auditors of the Company, for conducting the Secretarial Audit of the Company for a period of five (5) consecutive years commencing from Financial Year 2025-26 to Financial Year 2029-30, which is subject to approval of the Shareholders of the Company at the ensuing 90th AGM.
DHAMPUR SUGAR MILLS LTD.
6ti1 Floor. Max House. Ok!ila Phase Iii. Okilia Ind! Area. new Delhi - 110020 +91-11-41259400. 41259490 i i'1ww dl1ampursugarcom DHAMPUR SUGAR MILLS LTD.
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
CIN: L15249UP 1933Vi_C0005ll Regd. Office: P.O D11arnpur. Dist B:;nor 24Cf6l ;UP:
The details as required under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations") read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, is enclosed herewith as Annexure D.
j) Approved date of go th Annual General Meeting of the Company to be held on Thursday, 28 th August, 2025.
The Board Meeting commenced at 3:00 P.M. and concluded at 4: 40 P.M.
The above information will also be available on the website of the Company, i.e www.dhampursugar.com
Kindly inform the members accordingly.
Thanking you, For Dhampur Sugar Mills Limited
Aparna Goel Company Secretary M. No. 22787 APARN A GOEL Digitally signed by APARNA GOEL Date: 2025.05.16 16:53:45 +05'30'
DHAMPUR SUGAR MILLS LTD.
6tll Floor Max House. Okhla Phase Ill. Okl1la Ind!. Area. New Delhi - 110020 +91-11-41259400. 41259490 I '/WW dl1ampursugar com
DHAMPUR SUGAR MILLS LTD. - . 6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
CIN: L15249UP1933PLC0005ll Regd. Office: P.O. Dharnpur. Dist B1Jnor- 246161 (U.P.)
Mittal Gupta & Co. Chartered Accountants 10/ 437, Khalasi Lines, <.anEur-20800 I
Independent Auditor's Report on the Quarterly and Annual Consolidated Financial Results of Dhampur Sugar Mills Limited pursuant to Regulation 33 read with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
To, The Board of Directors Dhampur Sugar Mills Limited
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of Dhampur Sugar Mills Limited ('the Holding Company') and its subsidiaries (the Holding and its subsidiaries together referred to as 'the Group') for the quarter and year ended March 31, 2025 ("Consolidated Financial Results"). The Consolidated Financial Results have been submitted by the Holding Company pursuant to the requirement of Regulation 33 read with Regulation 52 (4) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended ('Listing Regulation').
In our opinion and to the best of our information and according to the explanations given to us and based on the consideration of the reports of the other auditors on separate audited financial statements and other financial information of the subsidiaries, the Consolidated Financial Results:
-
- include the Standalone Financial Results of the following entities:
- a. Holding Company: Dhampur Sugar Mills Limited
- b. Subsidiaries held directly: E-HAAT Limited and DETS Limited
-
- are presented in accordance with the requirement of Regulation 33 read with Regulation 52 (4) of the Listing Regulation of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended; and
- m. gives a true and fair view in conformity with the applicable Accounting Standards (Tnd AS') prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group for the quarter and year ended March 31, 2025.
Basis of Opinion
We conducted our audit of the consolidated financial results in accordance with the Standards on Auditing ("SAs") specified under Section 143(10) of the Companies Act, 2013, as amended ("the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("the ICAI") together with the ethical requirements that are relevant to our audit of the consolidated financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI's Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their report referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our audit opinion on the consolidated financial results.
Responsibilities of Management and Board of Directors for the consolidated financial results
| Mittal Gupta & Co. | TR Chadha & Co LLP |
|---|---|
| Chartered Accountants | Chartered Accountants |
| 10 / 437, Khalasi Lines, | B-13, Sector 1. Noida |
| Kan12ur-20&001 | Uttar Pradesh-201301 |
presentation of the consolidated financial results for the quarter and year ended March 31, 2025 that give a true and fair view of the consolidated net profit and consolidated other comprehensive income and other financial information of the Group in accordance with the recognition and measurement principles laid down in the Indian Accounting Standards, prescribed under Section 133 of the Act, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 read with Regulation 52 (4) of the Listing Regulations.
The respective Management and Board of Directors of the Companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results, that give a true and fair view and is free from material misstatement, whether due to fraud or error which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Management and the Board of Directors of the companies included in the Group are responsible for assessing the respective Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of each Company.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole is free from material misstatement, whether due to fraud or error, and to issue an Auditor's Report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the consolidated financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- •• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion, through a separate report on the complete set of financial statements, on whether the Group has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 read with Regulation 52 (4) of the Listing Regulations.
- Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Group to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the standalone financial results of the entities within the Group of which we are the independent auditors and whose financial information we have audited, to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of the financial information of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
Materiality is the magnitude of misstatements in the consolidated financial results that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the consolidated financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the consolidated financial results.
We communicate with those charged with governance of the Holding Company and the entities included in the consolidated financial results of which we are the auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
•
| Mittal Gupta & Co. | T R Chadha & Co LLP |
|---|---|
| Chartered Accountants | Chartered Accountants |
| 10/ 437, Khalasi Lines, | B-13, Sector I, Noida |
| KanEur-208001 | Uttar Pradesh-20130 I |
- We did not audit the financial results of one subsidiary i.e., DETS Limited included in the consolidated financial results, whose financial results reflect total assets of< 1.86 crores as of March 31, 2025, and total revenues of< 0.15 crores and < 0.60 crores and total comprehensive income/ (loss) of< 0.10 crores and < 0.44 crores for the quarter and year ended March 31, 2025, respectively and net cash inflows of < (0.02) crores for the year ended March 31, 2025, as considered in the Statement. These financial results have been audited, as applicable, by other auditors whose reports have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of the other auditors and the procedures performed by us as stated under Auditor's Responsibilities section above.
- The accompanying Statements include the audited financial results and other financial information, in respect of one subsidiary i.e., EHAAT Limited, whose financial results reflect total assets of< 5.25 crores as of March 31, 2025, and total revenues of < 14.06 crores and < 119.38 crores and total comprehensive income/ (loss) of < (0.39) crores and < (0.16) crores for the quarter and year ended March 31, 2025, respectively and net cash inflows of< 0.97 crores for the year ended March 31, 2025, as considered in the Statement. These financial results and other financial information have been audited, as applicable, by Joint Auditors i.e. Mittal Gupta & Co., Chartered Accountants whose reports have been furnished to us by the Management and our opinion on the Statement, in so far as it relates to the amounts and disclosures included in respect of this subsidiary, is based solely on the report of the other auditors and the procedures performed by us as stated under Auditor's Responsibilities section above.
Our Opinion on the Statement is not modified with respect to these matters.
Ajay Kumar Rastogi Partner Membership No. 071426
Place of Signature: New Delhi Date: May 16, 2025
UDIN: 25071426BMTDJF2856
For T R Chadha & Co LLP Chartered Accountants Firm Reg. No. 006711N/N500028
Hitesh Garg Partner Membership No. 502955
Place of Signature: New Delhi Date: May 16, 2025
UDIN: 25502955BMLWNW7271
Rega. Office: Distt. Bijnor, Dharnpur (U.P.) - 246761
CIN - L 15249UP1933PLC000511, Phone No - 011-41259400 Email: [email protected], Website - www.dharnpursugar.com
| --' | Quarter Ended | Year Ended | ---- | ||||
|---|---|---|---|---|---|---|---|
| SI. I | Particulars | 31-Mar-25 | 31-Dec-24 | 31-Mar-24 | 31-Mar-25 | 31-Mar-24 | |
| No. | (Audited)(refer Note 3) | (Unaudited) | (Audited)(refer Note 3) | (Audited) | (Audited) | ||
| 1. | Income | ||||||
| (a) Revenue from operations | 810.30 | 587.12 | 667.06 | 2,656.38 | 2.646.83 | ||
| (b) Other income | 1.39 | 6.68 | 4.43 | 17.77 | 27.08 | ||
| Total income (a+ b) | 811.69 | 593.80 | 671.49 | 2,674.15 | 2,673.91 | ||
| 2. | Expenses | ||||||
| (a) Cost of materials consumed | 752.70 | 514.11 | 718.81 | 1,513.02 | 1.752.06 | ||
| (b) Purchases of stock-in-trade | 6.80 | 4.79 | 6.59 | 16.89 | 23.30 | ||
| (c) | Changes in inventories of finished goods, work-in -progress | (324.28) | (216.84) | (338.49) | (7.71) | (164.53) | |
| and stock-in-trade | |||||||
| (d) Excise duty on sales | 191.15 | 175.23 | 105.31 | 699.86 | 477.92 | ||
| (e) | Employees benefits expense | 20.95 | 22.23 | 23.95 | 80.35 | 85.79 | |
| (f) | Finance costs | 11.94 | 10.14 | 14.78 | 50.28 | 42.52 | |
| (g) Depreciation and Amortisation expense | 19.31 | 16.47 | 17.14 | 61.92 | 58.79 | ||
| (h) Other expenses | 61.89 | 45.96 | 54.61 | 184.43 | 205.98 | ||
| Total expenses (a to h) | 740.46 | 572.09 | 602.70 | 2,599.04 | 2,481.83 | ||
| 3. | Profit/ (Loss) before share of profit/(loss) of an associate/ a jointventure and exceptional items and tax (1-2) | 71.23 | 21.71 | 68.79 | 75.11 | 192.08 | |
| 4. | Share of profit/(loss) of an associate I a joint venture | - | - | - | - | ||
| 5.6. | Profit/(loss) before exceptional items and tax (3+4)Exceptional Items | 71.23- | 21.71- | 68.79- | 75.11- | 192.08- | |
| 7. | Profit/ (Loss) after exceptional items and before tax (5-6) | 71.23 | 21.71 | 68.79 | 75.11 | 192.08 | |
| 8. | Tax expense | ||||||
| Current tax | 12.48 | 0.42 | 11.95 | 12.93 | 33.15 | ||
| Deferred tax | 9.70 | 6.11 | 4.98 | 9.76 | 24.41 | ||
| 9. | Net Profit/ (Loss) for the period (7-8) | 49.05 | 15.18 | 51.86 | 52.42 | 134.52 | |
| 10. | Other Comprehensive Income (OCI) | ||||||
| a) i | Items that will not be reclassified to profit or loss | ||||||
| - Remeasurement benefits (losses) on defined benefit obligation | (0.14) | - | (0.67)(0.41) | (0.14) | (0.67) | ||
| ii | - Gain (loss) on fair value of investmentsIncome tax relating to items that will not be reclassified to profit or loss | (0.15)0.07 | 0.62(0.08) | 0.27 | 0.250.02 | 0.220.21 | |
| Items that will be reclassified to profit or loss | 0.69 | 0.72 | |||||
| b) iii | Income tax relating to items that will be reclassified to profit or loss | -- | (0.02)0.01 | (0.24) | -- | (0.25) | |
| Total Other Comprehensive Income | (0.22) | 0.53 | (0.36) | 0.13 ' | 0.23 | ||
| Total Comprehensive Income for the period (9+10) | 48.83 | 15.71 | 51.50 | 52.55 | 134.75 | ||
| 11. | Total Comprehensive Income for the period attributable to: | ||||||
| 12. | - Owners of the Company | 48.79 | 15.65 | 51.48 | 52.34 | 134.55 | |
| · Non-Controlling Interest | 0.04 | 0.06 | 0.02 | 0.21 | 0.20 | ||
| Profit for the period attributable to: | |||||||
| - Owners of the Company | 49.01 | 15.12 | 51.84 | 52.21 | 134.32 | ||
| - Non-Controlling InterestOther Comprehensive Income for the period attributable to: | 0.04 | 0.06 | 0.02 | 0.21 | 0.20 | ||
| - Owners of the Company- Non-Controlling Interest | (0.22)- | 0.53- | (0.36)- | 0.13- | 0.23- | ||
| 13. | Paid-up equity share capital (Face Value per Share f 10/-Each) | 65.38 | 65.38 | 65.38 | 65.38 | 65.38 | |
| 14. | Other equity (as at year end) | - | - | - | 1,087.08 | 1,034.95 | |
| 15., | Earnings per equity share (EPS) (of~ 10/- each) ("not annualised) .a) Basic ( { per share) | 7.49• | 2.31" | 7.87'7.87' | 7.98 | 20.27 |
Regd. Office : Distt. 3ijnor, Dhampur (U.P.) - 246761 GIN - L 15249UP1933PLC000511, Phone No - 011-41259400
Email: [email protected]. Website - www.dhampursugar.com
| Statement of consolidated segment wise revenue, results, assets and liabilities | If in Crores) | |||||
|---|---|---|---|---|---|---|
| SI. | Quarter Ended | Year Ended | ||||
| No. | Particulars | 31-Mar-25(Audited)(refer Note 3) | 31-Dec-24(Unaudited) | 31-Mar-24(Audited)(refer Note 3) | 31-Mar-25(Audited) | 31-Mar-24(Audited) |
| i. | Segment Revenue | |||||
| a) Sugar | 494.95 | 305.90 | 392.65 | 1,407.90 | 1,432.99 | |
| b) Power | 154.63 | 62.17 | 89.82 | 246.79 | 225.58 | |
| c) Ethanol | 223.11 | 97.57 | 175.22 | 509.96 | 812.24 | |
| d) Chemicals | 53.33 | 47.49 | 61.00 | 225.87 | 259.86 | |
| e) Potable Spirits | 217.89 | 199.57 | 123.52 | 782.13 | 539.45 | |
| 22.20 | 49.73 | 37.68 | 140.00 | 149.51 | ||
| f) Others | ||||||
| Total | 1,166.11 | 762.43 | 879.89 | 3,312.65 | 3,419.63 | |
| Less : Inter segment/ Intra company revenue | 355.81 | 175.31 | 212.83 | 656.27 | 772.80 | |
| Revenue from operations | 810.30')():) | 587.12:J' | 667.06,, | 2,656.38:),[)(' | 2,646.83 | |
| ii. Segment Results (Net Profit/ (Loss) before Tax, finance costs and unallocable items) | ||||||
| a) Sugar | 29.03 | 1.23 | 28.07 | 41.04 | 27.84 | |
| b) Power | 50.91 | 24.84 | 39.61 | 71.87 | 84.78 | |
| c) Ethanol | 9.49 | 5.71 | 23.83 | 19.44 | 124.00 | |
| d) Chemicals | (2.40) | 0.87 | 1.53 | (0.99) | 13.20 | |
| e) Potable Spirits | 4.24 | 3.58 | 1.89 | 13.91 | ||
| f) Others | (0.04) | 0.37 | 0.26 | 0.85 | ||
| Total | 91.23 | 36.60 | 95.19 | 146.12 | 258.73 | |
| Less : Finance costs | 11.94 | 10.14 | 14.78 | 50.28 | 42.52 | |
| Less : Other unallocable expenses net off unallocable income | 8.06 | 4.75 | 11.62 | 20.73 | 24.13 | |
| Net Profit I (Loss) before Tax | 71.23 | 21.71 | 68.79 | 75.11 | 192.08 | |
| ;_,, | ' | ., | :!,,)'; | |||
| iii. | Segment Assets | |||||
| a) Sugar | 1,348.28 | 1,039.50 | 1,394.89 | 1,348.28 | 1,394.89 | |
| b) Power | 414.93 | 397.00 | 400.53 | 414.93 | 400.53 | |
| c) Ethanol | 327.80 | 330.03 | 313.02 | 327.80 | 313.02 | |
| d) Chemicals | 84.13 | 86.31 | 126.76 | 84.13 | 126.76 | |
| e) Potable Spirits | 28.81 | 33.93 | 19.23 | 28.81 | 19.23 | |
| f) Others | 8.38 | 46.56 | 17.58 | 8.38 | 17.58 | |
| g) Unallocable | 174.68 | 200.09 | 84.75 | 174.68 | 84.75 | |
| Total | 2,387.01 | 2,133.42 | 2,356.76 | 2,387.01 | 2,356.76 | |
| iv. | Seqrnent Liabilities | |||||
| a) Sugar | 155.92 | 208.38 | 144.97 | 155.92 | 144.97 | |
| b) Power | 4.72 | 5.13 | 5.60 | 4.72 | ||
| c) Ethanol | 27.14 | 20.37 | 20.36 | 27.14 | 20.36 | |
| d) Chemicals | 6.41 | 11.82 | 8.56 | 6.41 | ||
| e) Potable Spirits | 9.51 | 13.23 | 5.83 | 9.51 | ||
| f) Others | ~0.28 | 0.64 | 0.17 | 0.28 | ||
| g) UnallocableTotal | 1,029.681,233.66 | 769.521,029.09 | 1,070.261,255.75 | 1,029.681,233.66 | 1,070.261,255.75 |
Regd. Office: Distt. Bijnor, Dharnpr» (U.P.) - 246761 GIN - L15249UP1933?LC000511. Pho-ie No-011-41259400 Email : [email protected], Website - www.dhampursugar.com Statement of Consolidated Financial Results for the Quarter and Year ended March 31, 2025
Statement of Consolidated Assets and Liabilities
| (fin Crores) | ||||
|---|---|---|---|---|
| --1 | Particulars | As at31.03.2025/Audited) | As at31.03.2024(Audited) | |
| ·· | ASSETS | |||
| (A) Non - current assets | ||||
| (a) Property, plant and equipment | 1,106.1925.24 | 1,131.5917.08 | ||
| (b) Right-of-use-assets | 8.79 | 17.21 | ||
| (c) Capital work - in - progress(d) Goodwill | - | - | ||
| (e) Other Intangible assets | 0.95 | 1.34 | ||
| (f) Biological assets | - | - | ||
| (g) Financial assets | ||||
| (i) Investments | 1.25 | 1.00 | ||
| (ii) Loans | - | - | ||
| (ii) Other Financial assets | 1.86 | 2.58 | ||
| (h) Deferred tax assets (Net) | - | |||
| (i) Other non - current assetsSub total (Non current assets) | 1.311,145.59 | 3.861,174.66 | ||
| (8) Current assets | ||||
| (a) Inventories | 898.64 | 917.06 | ||
| (b) Biological assets | 2.34 | 2.15 | ||
| (c) Financial assets | ||||
| (i) Investments | 25.46 | 45.54 | ||
| (i) Trade receivable | 148.65 | 163.39 | ||
| (ii) Cash and cash equivalents | 114.42 | 2.78 | ||
| (iii) Bank balances other than (ii) above | 9.79 | 16.56 | ||
| (iv) Loans | 1.62 | 1.62 | ||
| (v) Others financial assets | 0.41 | 1.98 | ||
| (d) Other current assets | 39.94 | 30.81 | ||
| (e) Current tax assets (net) | -1,241.27 | -1,181.89 | ||
| Sub total (Current assets)(f) (i) Assets dassified as held for sale | 0.15 | 0.21 | ||
| (f) /ii\ Assets classified as held for sale - discontinued oceration | - | - | ||
| Total assets (A+B) | 2,387.01 | 2,356.76 | ||
| 2 | EQUITY AND LIABILITIES | |||
| (A) Equity | ||||
| (a) Equity share capital | 65.38 | 65.38 | ||
| (b) Other equity | 1,087.08 | 1,034.95 | ||
| Equity attributable to the owners of the parent | 1,152.46 | 1,100.330.68 | ||
| Non-controlling interestSub total (Total equity) | 0.891 153.35 | 1101.01 | ||
| Liabilities | ||||
| (8) Non-current liabilities | ||||
| (a) Financial liabilities | ||||
| (i) Borrowings | 142.65 | 164.88 | ||
| (ii) Lease liabilities | 20.24 | 11.82 | ||
| (b) Other non - current liabilities | 0.13 | 0.25 | ||
| (c) Provisions | 13.63 | 15.93 | ||
| (d) Deferred tax liabilities (net) | 91.44 | 81.94 | ||
| Sub total !Non-current liabilities) | 268.09 | 274.82 | ||
| (C) Current liabilities | ||||
| (a) Financial liabilities(i) Borrowings | 767.35 | 798 23 | ||
| (ii) Lease liabilities | 5.70 | 5.90 | ||
| (iii) Trade payables | ||||
| (A) total outstanding dues of micro enterprises and small enterprises; and | 3.23 | 2.17 | ||
| (B) total outstanding dues of creditors other than micro enterprises and small enterprises | 129.72 | 101.76 | ||
| (iv) Other financial liabilities | 34.77 | 44.53 | ||
| (b) Other current liabilities | 19.94 | 17.42 | ||
| (c) Provisions | 4.30 | 6.74 | ||
| (d) Current tax liabilities (net) | 0.56 | 4.18 | ||
| Sub total (Current liabilities) | 965.57 | 980.93 | ||
| Total Equity & Liabilities (A+B+Cl | 2,387.01 | 2,356.76 |
Regd. Office : Distt. Bijnor, Dhampur (UP.) - 246761
CIN - L 15249UP1933PLC000511, Phone Ne, - 011-41259400 Email: [email protected], Website - www.dhampursugar.com
| Statement of Cash Flow | (fin Crores) | ||
|---|---|---|---|
| Particulars | Year endedMarch 31, 2025 | Year ended March31, 2024 | |
| (Audited} | (Audited} | ||
| A | Cash flow from operating activities | ||
| Net Profit before tax | 75.11 | 192.08 | |
| Adjustments for :- | |||
| Depreciation /amortization expense | 61.92 | 58.79 | |
| (Gain)/Loss on disposal of property, plant and equipment(Gain)/ Loss on sale/maturity of Bond | (1.30)(1.93) | (15.16) | |
| Finance cost | 50.28 | (0.30)42.52 | |
| Transfer to storage fund for molasses | 0.24 | 0.46 | |
| Fair value (gain)noss on valuation of Equity lnstruement | (8.10} | - | |
| Finance income | (2.60) | (5.04) | |
| Provision for employee benefits | 1.97 | 2.39 | |
| Fair value gain on re-measurement of biological assets through profit or lossLiabilities/ Provisions no longer required written back | (1.72)(1.10) | (1.90)(3.19) | |
| Bad-debts written off | 0.06 | 0.34 | |
| Foreign Exchange(lncome)noss | (1.51) | (0.27) | |
| Operating profit before working capital changes | 171.32 | 270.72 | |
| Adjustments for Working Capital changes :- | |||
| (lncrease)/Decrease in Trade receivables | 14.68 | 30.76 | |
| (lncrease)/Decrease in Other financial assets | 0.72 | (0.69) | |
| (lncrease)/Decrease in Other assets(lncrease)/Decrease in Government grants | (8.59) | 14.14(3.45) | |
| (Increase) /Decrease in asset held for sale | (0.25)0.06 | 0.00 | |
| (lncrease)/Decrease in Inventories | 18.42 | (250,31) | |
| lncrease/(Decrease) in Trade and other financial liabilities | 22.21 | (75.38) | |
| lncrease/(Decrease) in Provisions and other liabilities | (3.35) | (10.40) | |
| Cash generated from operations | 215.22 | (24.61) | |
| Direct taxes paid (Net of refunds) | (14.53) | (27.94) | |
| Net cash generated from operating activities | 200.69 | (52.55) | |
| B | Cash flows from Investing activities | ||
| Purchase of property, plant and equipment | (20.59) | (73.92) | |
| Proceeds from sale of property, plant and equipment | 2.58 | 21.41 | |
| Sale/redemption of investments | 29.42 | (43.53) | |
| Interest received | 4.17 | 3.69 | |
| (Purchase)/maturity of fixed deposits (Net) | 6.77 | 0.73 | |
| Net cash flow from/(used in) investing activities | 22.35 | (91.62) | |
| C | Cash flows from Financing activities | ||
| Repayments of long term borrowings | (108.35) | (141.56) | |
| Receipt of long term borrowings | 75.00 | 104.45 | |
| Proceeds/(repayments) from /of short term borrowings | (19.76) | 274.32 | |
| Payment for Buy-back of equity shares | - | (30.00) | |
| Tax paid on buy-back of equity shares | - | (6,93) | |
| Buy-back costs | - | (0.74) | |
| Payment of Lease Liabilities | (5.29) | (4.96) | |
| Interest paid on Lease Liabilities | (1.44) | (1.46) | |
| Dividend paid | (0.23) | (39.85) | |
| Finance cost | (51.33) | (44.76) | |
| Net cash flow from/(used in) financing activities | (111.40) | 108.51 | |
| Net increase in cash and cash equivalents (A+B+C) | 111.64 | (35.66} | |
| Opening cash & cash equivalentsClosing cash and cash equivalents | 2.78 | 38.44 | |
| 114.42 | 2.78 |
Regd. Office: Dist!. Bijnor, Dhampur (U.P.) - 246761
CIN - L 15249UP1933PLC000511, Phone No - 011-41259400
Email : [email protected], Website - www.dhampursugar.com
| Notes to Consolidated results (contd). | |||||||
|---|---|---|---|---|---|---|---|
| 2 | These results have been prepared in accordance with the Indian Accounting Standard (referred to as "Ind AS") 34 Interim Financial Reporting prescribed under Section 133 of theCompanies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to time. The above Consolidated financial results were reviewed by the AuditCommittee and approved by the Board of Directors of the Parent Company in their respective meetings held on May 16. 2025. The joint statutory auditors have carried out audit ofthese financial results. | ||||||
| 3 | The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the publishedunaudited year to date figures up to the third quarter of the respective financial year, which were only reviewed by joint statutory auditors. | ||||||
| 4 | The Parent Company has its commercial paper listed on Bombay Stock Exchange. The additional information pursuant to regulation 52(4) of the Securities and Exchange Board ofIndia (listing Obligations and Disclosure Requirements) Regulations 2015, as applicable in respect of commercial papers, are as follows:a.) Credit Rating :- IND A 1 +b.) Outstanding amount as at March 31. 2025 :- ~ 100 Croresc.) Due date of repayment:- ~ 100 Crores on April 21, 2025d.) Actual date of repayment:- { 50 Crores on February 26. 2025 (issued on November 28, 2024) and e 50 Crores on March 06, 2025 (issued on December 06, 2024) | ||||||
| e.) Ratios :- | |||||||
| Year EndedQuarter Ended | |||||||
| S.No. Particulars | 31-Mar-25 | 31-Dec-24 | 31-Mar-24 | 31-Mar-25 | 31-Mar-24 | ||
| (Audited)(refer Note 31 | (Unaudited) | (Audited)!refer Note 31 | (Audited) | (Audited) | |||
| i.) | Debt-to-Equity (DIE) Ratio (in times) (Total Debt (long term +Short termincluding current maturity)fTotal Shareholder'sfiquity) | 0.79 | 0.61 | 0.88 | 0.79 | 0.88 | |
|---|---|---|---|---|---|---|---|
| Debt service coverage ratio (in times)ii.) (Profit after tax+depreciation+interest on term loan)l(lnterest on termloan+Long term principal repayment amount during the period) | 1.52 | 1.85 | 2.58 | 1.09 | 2.15 | ||
| - | iii.) Interest service coverage ratio (in times) (Profit aftertax+depreciation+finance cost)l(finance cost+interest Capitalised) | 6.73 | 4.12 | 5.67 | 3.27 | 5.45 | |
| iv.) Current ratio (in times)Current Asset/Current liabilities | 1.29 | 1.21 | 1.20 | 1.29 | 1.20 | ||
| Long term debt to working capital (in times) (Long-term debt includingv.) current maturities fTotal Working capital (Current Assets-Current Liabilitiesexcluding current maturities of long term debt) | 0.61 | 0.78 | 0.87 | 0.61 | 0.87 | ||
| vi.) Current liability ratio (in times)(Current liabilitiesfTotal liabilities) | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | ||
| vii.) Total debts to total assets (in times) (Long term debt incl current maturities+Short term debt)fTotal Assets | 0.38 | 0.32 | 0.41 | 0.38 | 0.41 | ||
| Debtors turnover (in times) (not annualised for the quarters)viii.) (Net Credit Sales/Average Accounts Receivable) (Closing AccountsReceivable+Opening Accounts Receivable)/2) | 2.04 | 2.82 | 2.07 | 5.82 | 7.02 | ||
| Inventory turnover (in times) (not annualised for the quarters)ix.) (Cost of goods sold/Average Inventory (Closing inventory+Openinginventory)/2) | 0.89 | 1.10 | 0.74 | 2.55 | 2.77 | ||
| Operating margin (%)x.) {Operating Profit (profit before tax+finance cost-other income)/Revenue fromoperations} | 10.09% | 4.29% | 11.86% | 4.05% | 7.84% | ||
| xi.) Net profit margin (%)(Net Profit after tax/Revenue from operations) | 6.05% | 2.59% | 7.77% | 1.97% | 5.08% | ||
| xii.) Bad debt to accounts receivable ratio (¼) (not annualised for the quarters)(Bad debts/average account receivable) | - | - | -- | - | |||
| xiii.) Capital redemption reserve (~ in Crores) | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | ||
| xiv.) Net worth (As per Sec 2(57) of Companies Act, 2013) (~ in Crores) | 1,152.46 | 1,103.49 | 1,100.33 | 1,152.46 | 1,100.33 |
Reyd. Office : Distt. Bijnor, Dhampur (U.P.) - 246761 GIN - L 15249UP1933DLC000511, Phone No - 011-41259400
Email : [email protected], Website - www.dhampursugar.com
| 5 I Sugar being a seasonal industry. the performance of the quarter may not be representative of the annual performance of the Company. | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| 6 [The standalone results are available on the Company's website www.dhampursugar.com. The particulars in respect of Standalone results are as under: | |||||||||
| (f in Crores) | |||||||||
| Particulars | Quarter Ended | Year Ended | |||||||
| SI. No. | 31-Mar-25 | 31-Dec-24 | 31-Mar-24 | 31-Mar-25 | 31-Mar-24 | ||||
| I | I(Audited)(refer Note 3) | (Unaudited) | (Audited)(refer Note 3) | (Audited) | (Audited) | ||||
| a | Total revenue | 812.28 | 593.67 | 671.32 | 2,673.96 | 2,671.21 | |||
| b | Profit before tax | 71.56 | 21.50 | 68.62 | 74.84 | 190.47 | |||
| C | Profit after tax | 49.38 | 14.97 | 51.69 | 52.15 | 132.91 | |||
| d | Other comprehensive income (OCI) | (0.22) | 0.53 | (0.36) | 0.13 | 0.23 | |||
| e | Total comprehensive income | 49.16 | 15.50 | 51.33 | 52.28 | 133.14 | |||
| 7 I Figures for the previous corresponding periods have been regrouped, wherever considered necessary. | |||||||||
| Place : New DelhiDated : May 16, 2025 | This is the statement referred to in our review report of even date | Chairman | |||||||
| For T R Chad ha & Co LLP | |||||||||
| Chartered Accountants | |||||||||
| PartnerM.No. 502955Chartered AccountantsChartered Accountants | |||||||||
| Place : New Delhi | Place : New Delhi | ||||||||
| Dated : May 16, 2025Dated : May 16, 2025 |
DECLARATION
With reference to the Regulation 33 {3) (d) of SEBI {Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we declare that there is no qualification, reservation or adverse remark or disclaimer made by the Auditors in their Audit Report on the Consolidated Annual Financial Statement of the Company for the year ended 31 st March 2025.
For Dhampur Sugar Mills Limited
Qr't-{_~ 0_-<~ !J(/?~ ' \ /. ~r' \ ----- ~ ~ ,_..-, ------- er; ;\J,Y\ ?,, I ," ...,. **Susheel Kumar Mehrotra** "'{i~ iii **Chief Financial Officer ~~** c, ·.~'Ha -\l ··--
Place : New Delhi Dated : 16 th May, 2025
DHAMPUR SUGAR MILLS LTD.
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
Independent Auditor's Report on the Quarterly and Annual Standalone Financial Results of Dhampur Sugar Mills Limited in pursuant to Regulation 33 read with Regulation 52 (4) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
To, The Board of Directors Dhampur Sugar Mills Limited
Opinion
We have audited the accompanying Statement of Standalone financial results of Dhampur Sugar Mills Ltd. ('the Company') for the quarter and year ended March 31, 2025 (the "Standalone financial results"). The Standalone financial results have been submitted by the Company pursuant to the requirement of Regulation 33 read with Regulation 52 (4) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as amended (the "Listing Regulation").
In our opinion and to the best of our information and according to the explanation given to us, the aforesaid Standalone financial results:
- i. are presented in accordance with the requirement of Regulation 33 read with Regulation 52 (4) of the Listing Regulation; and
- ii. gives a true and fair view in conformity with the applicable Accounting Standards (Tnd AS') prescribed under Section 133 of the Companies Act, 2013 ('the Act') read with Companies (Indian Accounting Standards) Rules, 2015, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information of the company for the quarter and year ended March 31, 2025.
Basis of Opinion
We conducted our audit of the standalone financial results in accordance with the Standards on Auditing ("SA") specified under Section 143(10) of the Companies Act, 2013, as amended (" the Act"). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Financial Results section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India ("ICAI") together with the ethical requirements that are relevant to our audit of the standalone financial results under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ICAI' s Code of Ethics. We believe that the audit evidence obtained by us is sufficient and appropriate to provide a basis for our audit opinion on the standalone financial results.
Responsibilities of Management and Board of Directors for the standalone financial results
This Statement is the responsibility of the Company's Management and the Board of Directors and has been approved by them for issuance. The Standalone financial results for the year ended March 31, 2025, have been prepared from the related audited standalone financial statements. This responsibility includes the preparation and presentation of the Standalone financial results for the quarter and year ended March 31, 2025, that give a true and fair view of the net profit and other comprehensive income of the Company and other financial information in conformity with the recognition and measurement principles laid down in the applicable Indian Accounting Standards prescribed under section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 read with Regulation 52 (4) of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding the assets of the Company and for preventing and detecting frauds and other irregularities; selection and applica~f appropriate ~~~ 0v c,C
accounting policies; making judgments and estimates that are reasonable and prudent; design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the Standalone financial results, that give a true and fair view and is free from material misstatement, whether due to fraud or error.
In preparing the Standalone financial results, the Management and the Board of Directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the financial reporting process of the Company.
Auditor's Responsibilities for the Audit of the Standalone financial results
Our objectives are to obtain reasonable assurance about whether the Standalone financial results as a whole are free from material misstatement, whether due to fraud or error and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the Standalone financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under Section 143(3)(i) of the Act, we are also responsible for expressing our opinion, through a separate report on the complete set of financial statements, on whether the company has adequate internal financial controls with reference to financial statements in place and the operating effectiveness of such controls.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates made by the Board of Directors.
- Evaluate the appropriateness and reasonableness of disclosures made by the Board of Directors in terms of the requirements specified under Regulation 33 read with Regulation 52 (4) of the Listing Regulations.
- Conclude on the appropriateness of the Management and Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
| Mittal Gupta & Co. | T R Cha <lha &="" co="" llp<="" th=""> |
|---|---|
| Chartered Accountants | Chartered Accountants |
| 10/ 437, Khalasi Lines, | B-13, Sector 1, Noida |
| Kanour-208001 | Uttar Pradesh-201301 |
- Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the Standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.
- Obtain sufficient appropriate audit evidence regarding the standalone financial results of the Company to express an opinion on the standalone financial results.
Materiality is the magnitude of misstatements in the Standalone financial results that, individually or in the aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the Standalone financial results may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work, and (ii) to evaluate the effect of any identified misstatements in the Standalone financial results.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matters
The Standalone financial results include the results for the quarter that ended on March 31, 2025, and the corresponding quarter that ended in the previous year as reported in these standalone financial results which are the balancing figures between the audited figures in respect of the full financial year and the published unaudited year-to-date figures up to the third quarter of the current and previous financial year respectively which were subject to limited review by us, as required under the Listing Regulations.
Our report on the Statement is not modified in respect of this matter.
For Mittal Gupta & Co. Chartered Accountants Firm Reg. No. 001874C
i/4 r$)• 1 ' \ C, ,"'J '"· (\ '-a 1-~~~~ i \ . ~~"'' * '<"''- ~ . ·.::cj,J' . -V'- 'tP"' ,o::- / ~ ., ~ .• <:§'. ;::_ Co:1ir•, .. 0-~-* 1c,? Ajay Kumar Rastogi -~-
Partner Membership No. 071426
Place of Signature: New Delhi Date: May 16, 2025
UDIN: 25071426BMTDJE1900
For T R Chadha & Co LLP Chartered Accountants Firm Reg. No. 006711N/N500028
Hitesh Garg Partner Membership No. 502955
Place of Signature: New Delhi Date: May 16, 2025
UDIN: 25502955BMLWNV4519
{»DHAMPUR
Legacy for tomorrow
DHAMPUR SUGAR MILLS LIMITED
Regd. Office: Distt. Bijnor, Dhampur (U.P.) - 246761 CIN - L 15249UP1933PLC000511, Phone No - 011-41259400
Email : [email protected], Website - www.dhampursugar.com
| Year Ended31-Mar-2531-Dec-2431-Mar-2431-Mar-25SI.ParticularsNo.(Audited)(Audited)(Audited)(Unaudited)(refer Note 3)(refer Note 3)1.Income(a) Revenue from operations809.65587.022,655.00666.90(b) Other income18.962.636.654.42Total Income (a+ b)812.28671.32593.672,673.96Expenses2.(a) Cost of materials consumed514.111,513.02752.70718.81(b) Purchases of stock-in-trade16.864.786.806.59Changes in inventories of finished goods, work-in -(c)(216.84)(338.48)(324.28)(7.71)progress and stock-in-trade191.15(d) Excise duty on sales175.23105.31699.86(e) Employees benefits expenses20.9522.2323.9580.35(f)Finance costs11.9410.1414.7850.28(g) Depreciation and Amortisation expenses19.3116.4717.1461.92{h) Other expenses62.1554.60184.5446.05Total expenses (a to h)572.17740.72602.702,599.12Profit/ (Loss) before exceptional items and tax71.5621.503.74.8468.6211-2)Exceptional Items4.----Profit I (Loss) after exceptional items and before71.565.21.5074.8468.62tax (3-4)Tax expenses6.Current tax(a)12.480.4211.9512.93Deferred tax(b)9.709.766.114.98Profit/ (Loss) for the period (5-6)7.14.9751.6949.3852.15Other Comprehensive Income (OCI)8.(a) i Items that will not be reclassified to profit or loss- Remeasurement benefits (losses) on defined(0.14)(0.14)(0.67)-benefit obligation- Gain (loss) on fair value of equity investments(0.15)(0.41)0.620.25ii Income tax relating to items that will not be0.07(0.08)0.270.02reclassified to profit or loss(b) i Items that will be reclassified to profit or loss(0.02)0.69--ii Income tax relating to items that will be reclassified0.01(0.24)-to profit or loss-Total Other Comprehensive Income(0.22)0.530.13(0.36)Total Comprehensive Income for the period49.169.51.3315.5052.2817+8)Paid-up equity share capital (Face value per Share10.t 10/- each)65.3865.3865.3865.38Other equity (as at year end)11.1,081.90---12.Earnings per equity share {EPS) | (fin Crores) | ||||
|---|---|---|---|---|---|
| Quarter Ended | |||||
| 31-Mar-24 | |||||
| (Audited) | |||||
| 2,644.14 | |||||
| 27.07 | |||||
| 2,671.21 | |||||
| 1,752.06 | |||||
| 23.30 | |||||
| (164.54) | |||||
| 477.92 | |||||
| 85.79 | |||||
| 42.52 | |||||
| 58.79 | |||||
| 204.90 | |||||
| 2,480.74 | |||||
| 190.47 | |||||
| - | |||||
| 190.47 | |||||
| 33.15 | |||||
| 24.41 | |||||
| 132.91 | |||||
| (0.67) | |||||
| 0.22 | |||||
| 0.21 | |||||
| 0.72 | |||||
| (0.25) | |||||
| 0.23 | |||||
| 133.14 | |||||
| 65.38 | |||||
| 1,029.83 | |||||
| (of t 10/- each) {* not annualised) : | |||||
| a) Basic ( t per share)7.56*2.29*7.85*7.98 | 20.06 | ||||
| 2.29'b) Diluted ( t per share)7.56*7.85*7.98 | 20.06 |
DHAMPUR SUGAR MILLS LIMITED
Legacy for tomorrow
Regd. Office: Distt. Bijnor, Dhampur (U.P.) - 246761 CIN - L 15249UP1933PLC000511, Phone No - 011-41259400 Email : [email protected], Website - www.dhampursugar.com
Statement of Standalone Financial Results for the Quarter and Year ended March 31, 2025
Notes to the financial results l
1. Segment Reporting I
Statement of standalone segment wise revenue, results, assets and liabilities
| If in Croresl | ||||||
|---|---|---|---|---|---|---|
| Quarter Ended | Year Ended | |||||
| SI. | No. Particulars | 31-Mar-25 | 31-Dec-24 | 31-Mar-24 | 31-Mar-25 | 31-Mar-24 |
| - | (Audited)(refer Note 3) | (Unaudited) | (Audited)(refer Note 3) | (Audited) | (Audited) | |
| i. | Segment Revenue | |||||
| a) Sugar | 494.95 | 305.90 | 392.65 | 1,407.90 | 1,432.99 | |
| b) Power | 154.63 | 62.17 | 89.82 | 246.79 | 225.58 | |
| c) Ethanol | 223.11 | 97.57 | 175.22 | 509.96 | 812.24 | |
| d) Chemicals | 53.33 | 47.49 | 61.00 | 225.87 | 259.86 | |
| e) Potable Spirits | 217.89 | 199.57 | 123.52 | 782.13 | 539.45 | |
| f) Others | 8.01 | 5.39 | 7.70 | ~0.03 | 23.83 | |
| Total | 1,151.92 | 718.09 | 849.91 | 3,192.68 | 3,293.95 | |
| Less : Inter segment revenue | 342.27 | 131.07 | 183.01 | 537.68 | 649,81 | |
| Revenue from Ocerations | 809.65 | 587.02 | 666.90 | 2 655.00 | 2,644.14 | |
| ii. Segment Results (Net Profit I (Loss) before Tax, finance costs and unallocable items) | ||||||
| a) Sugar | 29.03 | 1.20 | 28.07 | 41.01 | 27.84 | |
| b) Power | 50.91 | 24.84 | 39.61 | 71.87 | 84.78 | |
| c) Ethanol | 9.49 | 5.71 | 23.83 | 19.44 | 124.00 | |
| d) Chemicals | (2.40) | 0.87 | 1.53 | (0.99) | 13.20 | |
| e) Potable Spirits | 4.24 | 3.58 | 1.89 | 13.91 | 6.62 | |
| f) Others | 0.29 | 0.19 | 0.09 | 0.61 | 0.68 | |
| Total | 91.56 | 36.39 | 95.02 | 145.85 | 257.12 | |
| Less : Finance costs | 11.94 | 10.14 | 14.78 | |||
| Less : Other unallocable expenses net off | 50.28 | 42.52 | ||||
| unallocable income | 8.06 | 4.75 | 11.62 | 20.73 | 24.13 | |
| Net Profit I (Loss) before Tax | 71.56 | 21.50 | 68.62 | 74.84 | 190.47 | |
| iii. | Segment Assets | ' | ;i; | |||
| a) Sugar | 1,348.86 | 1,074.60 | 1,402.57 | 1,348.86 | 1,402.57 | |
| b) Power | 414.93 | 397.00 | 400.53 | 414.93 | 400.53 | |
| c) Ethanol | 327.80 | 330.03 | 313.02 | 327.80 | 313.02 | |
| d) Chemicals | 84.13 | 86.31 | 126.76 | 84.13 | 126.76 | |
| e) Potable Spirits | 28.81 | 33.93 | 19.23 | 28.81 | 19.23 | |
| f) Others | 4.02 | 4.27 | 3.70 | 4.02 | 3.70 | |
| al Unallocable | 174.92 | 200.33 | 84.99 | 174.92 | 84.99 | |
| Total | 2,383.47 | 2,126.47 | 2,350.80 | 2,383.47 | 2,350.80 | |
| iv. | Segment Liabilities | |||||
| a) Sugar | 158.67 | |||||
| b) Power | 208.38 | 144.97 | 158.67 | 144.97 | ||
| c) Ethanol | 4.72 | 5.13 | 5.60 | 4.72 | 5.60 | |
| 27.14 | 20.37 | 20.36 | 27.14 | 20.36 | ||
| d) Chemicals | 6.41 | 11.82 | 8.56 | 6.41 | 8.56 | |
| e) Potable Spirits | 9.51 | 13.23 | 5.83 | 9.51 | 5.83 | |
| f) Others | 0.06 | 0.09 | 0.05 | 0.06 | 0.05 | |
| al Unallocable | 1,029.68 | 769.52 | 1,070.22 | 1,029.68 | 1,070.22 | |
| Total | 1,236.19 | 1,028.54 | 1,255.59 | 1,236.19 | 1,255.59 |
ID)DHAMPUR
Legacy for tomorrow
DHAMPUR SUGAR MILLS LIMITED
Regd. Office : Distt. Bijnor, Dhampur (U.P.) - 246761 CIN - L15249UP1933PLC000511, Phone No - 011-41259400 Email : [email protected], Website - www.dhampursugar.com
| Statement of Assets and Liabilities | ||||
|---|---|---|---|---|
| /l!' in Crores) | ||||
| Particulars | As at31.03.2025(Audited) | As at31.03.2024/Audited\ | ||
| 1 | ASSETS | |||
| (A) Non - current assets | ||||
| (a) Property, plant and equipment | 1,106.76 | 1,132.16 | ||
| (b) Right-of-use-assets | 25.24 | 17.08 | ||
| (c) Capital work - in - progress | 8.79 | 17.21 | ||
| (d) Other Intangible assets | 0.95 | 1.34 | ||
| (e) Biological assets | - | - | ||
| (f) Financial assets(i) Investments | ||||
| (ii) Loans | 1.49 | 1.24 | ||
| (iii) Other Financial assets | -1.86 | -2.58 | ||
| (g) Deferred tax assets (Net) | - | |||
| /hl Other non - current assets | -1.17 | 3.80 | ||
| Sub total /Non current assets) | 1,146.26 | 1,175.41 | ||
| (B) Current assets | ||||
| (a) Inventories | 917.06 | |||
| (b) Biological assets | 898.642.34 | 2.15 | ||
| (c) Financial assets | ||||
| (i) Investments | 25.46 | 45.54 | ||
| (ii) Trade receivable | 148.37 | 159.85 | ||
| (iii) Cash and cash equivalents | 113.33 | 2.64 | ||
| (iv) Bank balances other than (ii) above | 9.79 | 16.56 | ||
| (v) Loans | - | - | ||
| (vi) Others financial assets | 0.36 | 1.93 | ||
| ( d) Other current assets | 38.92 | 29.66 | ||
| (e) Current tax assets (net) | - | - | ||
| Sub total (Current assets) | 1,237.21 | 1,175.39 | ||
| Total assets (A+B) | 2,383.47 | 2,350.80 | ||
| 2 | EQUITY AND LIABILITIES | |||
| (A) Equity | ||||
| (a) Equity share capital | 65.38 | 65.38 | ||
| (bl Other eauitv | 1,081.90 | 1,029.83 | ||
| Sub total (Equitv) | 1,147.28 | 1,095.21 | ||
| Liabilities(B) Non-current liabilities | ||||
| (a) Financial liabilities | ||||
| (i) Borrowings | ||||
| (ii) Lease liabilities | 142.6520.24 | 164.8811.82 | ||
| (b) Other non - current liabilities | 0.13 | 0.25 | ||
| (c) Provisions | 13.63 | 15.93 | ||
| (dl Deferred tax liabilities (netl | 91.44 | 81.94 | ||
| Sub total (Non-current liabilities) | 268.09 | 274.82 | ||
| (C) Current liabilities | ||||
| (a) Financial liabilities | ||||
| (i) Borrowings | 767.35 | 798.23 | ||
| (ii) Lease liabilities | 5.70 | 5.90 | ||
| (iii) Trade payables | ||||
| (A) total outstanding dues of micro enterprises and small enterprises; and | 3.23 | 2.17 | ||
| (8) total outstanding dues of creditors other than micro enterprises and small enterprises | 129.61 | 101.63 | ||
| (iv) Other financial liabilities | 34.77 | 44.53 | ||
| (b) Other current liabilities | 22.58 | 17.39 | ||
| (c) Provisions | 4.30 | 6.74 | ||
| (d) Current tax liabilities (net) | 0.56 | 4.18 | ||
| Sub total (Current liabilities) | 968.10 | 980.77 | ||
| Total Equity & Liabilities (A+B+C) | 2,383.47 | 2,350.80 |
~DHAMPUR
Legacy for tomorrow
DHAMPUR SUGAR MILLS LIMITED
Regd. Office: Distt. Bijnor, Dhampur (U.P.) - 246761 CIN - L 15249UP1933PLC000511, Phone No - 011-41259400 Email : [email protected], Website - www.dhampursugar.com
| Statement of Cash Flow | (~ in Crores) | ||
|---|---|---|---|
| Particulars | Year endedMarch 31, 2025 | Year endedMarch 31,2024 | |
| Audited | Audited | ||
| A Cash flow from operating activitiesNet Profit before tax | |||
| Adjustments for :- | 74.84 | 190.47 | |
| Depreciation /amortization expense | 61.92 | 58.79 | |
| (Gain)/Loss on disposal of property, plant and equipment | (1.30) | (15.16} | |
| (Gain) / Loss on sale/maturity of Bond | (1.93) | (0.30) | |
| Finance cost | 50.28 | 42.52 | |
| Transfer to storage fund for molasses | 0.24 | 0.46 | |
| Fair value (gain)/loss on valuation of Equity lnstruement | (8.10) | - | |
| Finance income | (2.59} | (5.02) | |
| Dividend incomeProvision for doubtful debts | - | - | |
| Foreign Exchange(lncomeJ/loss | - | ||
| Provision for employee benefits | (1.51)1.97 | (0.27) | |
| Fair value gain on re-measurement of biological assets through profit or loss | (1.72) | 2.39(1.90) | |
| Liabilities/ Provisions no longer required written back | (2.35) | (3.18) | |
| Bad-debts written off | 0.06 | 0.34 | |
| Operating profit before working capital changes | 169.81 | 269.14 | |
| Adjustments for Working Capital changes :- | |||
| (lncrease)/Decrease in Trade receivables | 12.85 | 34.56 | |
| (lncrease)/Decrease in Other financial assets | 0.72 | (0.69) | |
| (lncrease)/Decrease in Other assets | (8.71) | 14.08 | |
| (lncrease)/Decrease in Government grants | (0.25) | (3.45) | |
| (lncrease)/Decrease in Inventorieslncrease/(Decrease) in Trade and other financial liabilities | 18.42 | (250.32) | |
| lncrease/(Decrease) in Provisions and other liabilities | 20.80 | (74.66) | |
| Cash generated from operations | 0.57214.21 | (8.85) | |
| (20.19) | |||
| Tax Expenses | (14.46) | (28.14) | |
| Net cash generated from operating activities | 199.75 | (48.33) | |
| B Cash flows from Investing activities | |||
| Purchase of property, plant and equipment | (20.59) | (73.92) | |
| Proceeds from sale of property, plant and equipment | 2.58 | 21.41 | |
| (Purchase)/Sale of investments | 29.42 | (43.53) | |
| Interest received(Purchase)/maturity of fixed deposits (Net) | 4.16 | 3.67 | |
| Net cash flow from/(used in) investing activities | 6.7722.34 | 0.73(91.64) | |
| C Cash flows from Financing activities | |||
| Repayments of long term borrowings | (108.35) | (141.56) | |
| Proceeds of long term borrowings | 75.00 | 104.45 | |
| Proceeds/(repayments) from /of short term borrowingsPayment for Buy-back of equity shares | (19.76) | 274.32 | |
| Tax paid on buy-back of equity shares | - | (30.00) | |
| Buy-back costs | (6.93) | ||
| Payment of Lease Liabilities | -(5.29} | (0.74)(4.96) | |
| Interest paid on Lease Liabilities | (1.44) | (1.46) | |
| Dividend paid | (0.23) | (39.85) | |
| Finance cost | (51.33) | (44.76) | |
| Net cash flow froml(used in) financing activities | (111.40) | 108.51 | |
| Net increase in cash and cash equivalents (A+B+C) | 110.69 | (31.46) | |
| Opening cash & cash equivalents | 2.64 | 34.10 | |
| Closing cash and cash equivalents | 113.33 | 2.64 |
DHAMPUR
Legacy for tomorrow
DHAMPUR SUGAR MILLS LIMITED
Regd. Office: Distt. Bijnor, Dhampur (U.P.) - 246761
CIN - L 15249UP1933PLC000511, Phone No - 011-41259400
Email : [email protected], Website - www.dhampursugar.com
Statement of Standalone Financial Results for the Quarter and Year ended March 31, 2025
Notes to financial results (contd.)
These results have been prepared in accordance with the Indian Accounting Standard (referred to as "Ind AS"") 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules as amended from time to 2 time. The above Standalone financial results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on May 16, 2025. The joint statutory auditors have carried out audit of these financial results.
The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of the full 3 financial year and the published unaudited year to date figures up to the third quarter of the respective financial year, which were only reviewed by joint statutory auditors.
The Company has its commercial paper listed on Bombay Stock Exchange. The additional information pursuant to regulation 52(4) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015, as applicable in respect of commercial papers, are as follows:
**4**a.) Credit Rating:- IND A1+
b.) Outstanding amount as at March 31, 2025 :- z 100 Crores
c.) Due date of repayment :- z 100 Crores on April 21, 2025
d.) Actual date of repayment:- z 50 Crores on February 26, 2025 (issued on November 28, 2024) and z 50 Crores on March 06, 2025 (issued on December 06, 2024)
| Quarter Ended | Year Ended | |||||
|---|---|---|---|---|---|---|
| S.No. Particulars | 31-Mar-25 | 31-Dec-24 | 31-Mar-24 | 31-Mar-25 | 31-Mar-24 | |
| (Audited)(refer Note 3) | (Unaudited) | (Audited)(refer Note 3) | (Audited) | (Audited) | ||
| i.) | Debt-to-Equity (DIE) Ratio (in times) (Total Debt(long term +Short term including currentmaturity)/Total Shareholder'sEquity) | 0.79 | 0.61 | 0.88 | 0.79 | 0.88 |
| ii.) | Debt service coverage ratio (in times)(Profit after tax+depreciation+interest on termloan)/(lnterest on term loan+Long term principalrepayment amount during the period) | 1.53 | 1.84 | 2.58 | 1.09 | 2.13 |
| Interest service coverage ratio (in times) (Profit afteriii.) tax+depreciation+finance cost)/(financecost+interest Capitalised) | 6.75 | 4.10 | 5.66 | 3.27 | 5.41 | |
| iv.) Current ratio (in times)Current Asset/Current liabilities | 1.28 | 1.20 | 1.20 | 1.28 | 1.20 | |
| v.) | Long term debt to working capital (in times) (Longterm debt including current maturities /Totalorking capital (Current Assets-Current LiabilitiesWexcluding current maturities of long term debt) | 0.62 | 0.81 | 0.89 | 0.62 | 0.89 |
| vi.) Current liability ratio (in times)(Current liabilities/Total liabilities) | 0.78 | 0.78 | 0.78 | 0.78 | 0.78 | |
| Total debts to total assets (in times) (Long term debtvii.) incl current maturities+ Short term debt)/TotalAssets | 0.38 | 0.32 | 0.41 | 0.38 | 0.41 | |
| Debtors turnover (in times) (not annualised for thequarters)viii.) (Net Credit Saies/Average Accounts Receivable)(Closing Accounts Receivable+Opening AccountsReceivable)/2) | 1.98 | 2.88 | 1.89 | 5.12 | 6.38 | |
| Inventory turnover (in times) (not annualised for theix.) quarters)(Cost of goods sold/Average Inventory (Closinginventory+Opening inventory}/2) | 0.89 | 1.10 | 0.74 | 2.55 | 2.77 | |
| x.) | Operating margin (%){Operating Profit (profit before tax+finance cost-other income)/Revenue from operations} | 9.99% | 4.26% | 11.84% | 4.00% | 7.79% |
Regd. Office : Distt. Bijnor, Dhampur (U.P.) - 246761 GIN - L 15249UP1933PLC000511, Phone No - 011-41259400 Email : [email protected], Website - www.dhampursugar.com
| xi.) | Net profit margin(%)I (Net Profit after tax/Revenue from operations) | 6.10%1I | 2.55%1 | 7.75'/,I | 1.96%1 | 5.03% |
|---|---|---|---|---|---|---|
| Bad debt to accounts receivable ratio (%) (notxii.) annualised for the quarters) (Bad debts/averageaccount receivable) | 0.00%1I | 0.00%1 | 0.00%1 | 0.00%1 | 0.00% | |
| xiii.) Capital redemption reserve (~ in Crores) | 1.00 II | 1.00 I | 1.00 I | 1.00 I | 1.00 | |
| xiv.) I Net worth (As per Sec 2(57) of Companies Act,2013) (~ in Crores) | 1,147.28 I | 1,097.93 I | 1,095.21 I | 1,147.28 I | 1,095.21 | |
| 5 I Sugar being a seasonal industry, the performance of the quarter may not be representative of the annual performance of the Company.6 I Figures for the previous corresponding periods have been regrouped, wherever considered necessary. | ||||||
| Ashok Kumar GoelChairmanPlace : New DelhiDated : May 16, 2025 | ||||||
| This is the statement referred to in our review report of even date | ||||||
| For T R Chadha & Co LLPChartered Accountants1N/N500028Partner |
DECLARATION
With reference to the Regulation 33 (3) (d) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended, we declare that there is no qualification, reservation or adverse remark or disclaimer made by the Auditors in their Audit Report on the Standalone Annual Financial Statement of the Company for the year ended 31 st March 2025.
Forcmpur Sugar,.Mills Limite -¥- , l / ~ .<9-.--;. ... ,p ,<; ~ /0 '.~ !~/ ~, Sush e Kuma Mehro a (:J iHliJG h'\3N)~ Chief Financial Officer .> ·.:c. >,,I! ,..._"/' ¥
Place : New Delhi Dated : 16 th May, 2025
DHAMPUR SUGAR MILLS LTD.
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
Annexure- B
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
| Sr.No. | Particulars | Details |
|---|---|---|
| 1 | Number of securities proposed forbuyback | I Upto 10,81,081 (Ten Lakhs Eighty One Thousandand Eighty One only) Equity Shares of face valueof Rs. 10/- (Rupees Ten ) each |
| 2 | Number of securities proposed forbuyback as a percentage of existingpaid up capital. | I 1.65% |
| 3 | Buyback price | I Rs. 185 (Rupees One Hundred and Eighty Fiveonly) |
| 4 | Buyback Offer Size | Upto Rs. 20,00,00,000 (Rupees Twenty Croresonly) excluding expenses incurred or to beincurred for the Buyback viz. brokerage cost, fees,turnover charges, applicable taxes such as, ,securities transaction tax, goods and services taxprinting and dispatch(if any), stamp duty,expenses, if any, filing fees payable to theSecurities and Exchange Board of India ("SEBI")otherAppropriateAuthorities,Stockanyadvisor/legalfees,charges,publicExchangeannouncement publication expenses and otherincidental and related expenses and charges. |
| 5 | securitiesActualnumber andinpercentage of existing paid up capitalbought back; | The resultant Equity Shares to be bought back attheOffer Pricenot exceedshallBuyback10,81,081 (Ten Lakhs Eighty One Thousand andEighty One only) fully paid-up equity shares,representing 1.65% of the total number of EquityShares of the Company. However, the actualnumber of Equity Shares and percentage ofexisting paid-up capital bought back shall beascertained following completion of the buyback. |
| 6 | Pre & Post shareholding pattern | The details of the pre-Buyback shareholdingpatternof theCompany areenclosedasAnnexure I.Further, please note that the details regarding thepost-buyback shareholding pattern have not beenprovided since the actual number of Equity |
a) The details of Buyback are as under:
DHAMPUR SUGAR MILLS LTD.
6:l1 Floor. MaxHouse.Oki11a Pnese 111. Oki1ia lndl Nea. i·iew Dell11 -110020 +9.l.-Jl.~1259400. 41259490 ! .'1W'1 rilianipursugarwrn DHAMPUR SUGAR MILLS LTD.
CIN: Ll5249UP 1933P:.c0005L Regd. 01fice: ?.O. DhaT1pi1: 81:nor 2-1-C :'6: J '. ,
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
| DHAMPUR |
|---|
| Legacy for t~!Stmresvthat will be bought back and category ofshareholders from whom the Equity Shares willbe bought back cannot be determined at thisstage. Therefore, the post buyback shareholdingpattern shall be ascertained following completionof the buyback. |
- b) The Buyback Offer Size represents 1.74% and 1.73% of the aggregate of the Company's total fully paid-up equity share capital and free reserves (including securities premium account) as per the latest audited standalone financial statements and audited consolidated financial statements of the Company for the financial year ended March 31, 2025, respectively, which is less than 10% of the aggregate of the total paid-up capital and free reserves of the Company in accordance with Regulation 4(i) read with provision to Regulation 5(i)(b) of the SEBI Buyback Regulations.
- c) The public announcement and the letter of offer setting out the process, timelines and other statutory details will be released in due course in accordance with the Buyback Regulations.
- d) The Buyback Committee formed earlier by Board of Directors of the Company vide its' resolution dated 03 rd January, 2024 and comprising of the following:
- a) Mr. Gaurav Goel, Vice Chairman and Managing Director,
- b) Mr. Anuj Khanna, Independent Director.
- c) Mr. Susheel Kumar Mehrotra, Chief Financial Officer
will continue to function for the purpose of the proposed Buyback and to exercise the same powers, responsibilities and duties as delegated earlier in its absolute discretion, deem necessary, expedient, usual or proper in relation to the proposed Buyback.
- d) The Board has appointed Ms. Aparna Goel, Company Secretary as the Compliance Officer for the purposes of the proposed Buyback.
- e) The Board has appointed Centrum Capital Limited, a SEBI Registered Merchant Banker as the merchant banker to the Buyback or manager to the Buyback in accordance with the Companies Act, as amended and Buyback Regulations.
- f) Pursuant to Regulation 42 of the SEBI Listing Regulations and Regulation 9(i) of the Buyback Regulations, the Board of Directors of the Company has fixed Friday, 23 rd May, 2025 as the Record Date for the purpose of determining the entitlement and the names of the equity shareholders who shall be eligible to participate in the Buyback.
DHAMPUR SUGAR MILLS LTD.
6:n Floor Max House. Ok!1la Phase Ill. Oki1la Ind! Area. l.ew Oellii. 110020 +9J.1l-ill259400. 41259490 1 www.dl1ampursugarcom
DHAMPUR SUGAR MILLS LTD. 6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 / www.dhampursugar.com
CIN: L15249UP1933PU;0005L Regd. Office: P.O. D11ampu1. Dist. BiJnor- 24Gl6l (UP.1
Annexure I
Pre-Buyback Shareholding Pattern of the Company as on 9 th May, 2025:
| Pre-Buy Back | ||||
|---|---|---|---|---|
| Category of Shareholder | No. ofShareholders | No. of EquityShares | % to the existingequity share capitalof the Company | |
| Promoters & Promoter Group alongwithactingpersonsconcert,in(collectively "the Promoters") | 11 | 3,21,07,737 | 49.10 | |
| Foreign Investors (including Non-Resident Indians, Flis and ForeignMutual Funds) | 1,024 | 20,15,896 | 3.09 | |
| Financial Institutions/Banks & MutualFunds promoted by Banks IInstitutions/ AIFs/ Insurance Companies | 20 | 3,05,245 | 0.47 | |
| Others (Public, Public Bodies Corporateetc.) | 94,325 | 3,09,58, 712 | 47.34 | |
| Total | 95,380 | 6,53,87,590 | 100.00 |
Note: The post Buyback shareholding pattern of the Company shall be ascertained subsequently.
DHAMPUR SUGAR MILLS LTD.
6ti1 Floor, Max House, Okhla Phase Ill. Okl1la Ind!. 1\rea. r·iew Delhi. 110020 +91-11-41259400. 41259490 ! www dhampursugarcom DHAMPUR SUGAR MILLS LTD.
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
~N: Ll5249UP1933PLC000511 Regd. Office: P.O. Dhampur. Dist. BiJnor- 246761 !UP)
Annexure- C
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name | Mr. Yashwardhan Poddar |
| 2 | forReasonchangeviz.appointment/re-appointment/resignation/remo¥al/Eleatl=iorotherwise | The Board of Directors at their meeting held today i.e. Friday,May 16, 2025, on the basis of recommendation of theNomination and Remuneration Committee, approved the reappointment of Mr. Yashwardhan Poddar (DIN: 00008749), asNon-ExecutiveIndependent Director of the Company for aperiod of 5 years with effect from 30th July, 2025 till 29th July,2030 (bothsubject to approvaldaysinclusive),of theshareholders of the Company at the ensuing 80th AnnualGeneral Meeting of the Company scheduled on 23th August,2025. |
| 3 | Date of appointment/ | th July, 202530 |
| re-appointment/ | Term of Re-Appointment: | |
| eessation {as applieable} | 5 years commencing from effect from 30th July, 2025 till 29th | |
| & term of appointment/re-appointment | July, 2030 (both days inclusive). | |
| 4 | appointment/ | Brief Profile (in case of Mr. Yashwardhan Poddar has rich experience in the Retail & |
| re-appointment) | Distribution Business. He has pioneered various functions in thepetroleum distribution & retail business that are followed by all | |
| companies today, including the use of solar power and door-to | ||
| door delivery for bulk users. His achievements include converting | ||
| a high credit business model to a cash sales model by improving | ||
| cash flow and increasing profitability. He has also helped in | ||
| developing a branch working system where every employee is | ||
| directly remunerated with the profit generated. | ||
| 5 | Disclosure of relationship | No such relationship |
| betweenDirectors(in | ||
| case of appointment of a | ||
| director) | ||
| 6 | Information as required | Mr. Yashwardhan Poddar is not debarred from holding the |
| pursuant to BSE Circular | office of director by virtue of any SEBI order or any other such | |
| withref.no. | authority pursuant to circulars dated June 20, 2018 issued by | |
| LIST /COMP /14/2018-19 | BSE Limited and the National Stock Exchange of India Limited | |
| and the National Stock | pertainingenforcementtoofOrdersregardingSEBI | |
| Exchange of India Limited | appointment of Directors by the listed companies. | |
| withref.Circularno.NSE/CML/2018/ 24, both | ||
| dated 20 June, 2018. | ||
DHAMPUR SUGAR MILLS LTD.
6rJ1 Floor Max House. 0~!1la Phase II!. Okilla lndl Area. i·lew Delhi - 110020 I CIN: U5249UP1933PLCOOOSL ·9J l l-41259400. 41259490 ! 1w1w dhampursugar ccm Regd. Office: Po Dhan1pu•. 01st B1111or- 246 761 ;L,.P 1
DHAMPUR SUGAR MILLS LTD. I
+91-11-41259400, 41259490 I www.dhampursugar.com Regd. Office: P.O. Dhampur, Dist. Bijnor - 246761 (U.P)
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India CIN: L15249UP1933PLC000511
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements} Regulations, 2015 read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
| Sr. | Particulars | Details |
|---|---|---|
| No. | ||
| 1 | Name | Mr. Satpal Kumar Arora |
| 2 | forReasonchangeviz.appeiAtmeAt/re-appointment/resigAatieA/ remeval/aeatl:l er | The Board of Directors at their meeting held today i.e.Friday, May 16, 2025, on the basis of recommendation ofthe Nomination and Remuneration Committee, approved |
| etl:lerwise | the re-appointment of Mr.Satpal Kumar Arora (DIN:00061420),, as Non-Executive Independent Director of theCompany for a period of 5 years with effect from 30th July,th July, 2030 (both days inclusive), subject to2025 till 29approval of the shareholders of the Company at the ensuing80th Annual General Meeting of the Company scheduled onth August, 2025.23 | |
| 3 | appeiAtmeAt/ re-Dateof | th July, 202530 |
| appointment/ eessatieA(as | Term of Re-Appointment: | |
| applieable) & term sf | th July, 2025 till5 years commencing from effect from 30 | |
| appeiAtmeAt/re-appointment | th July, 2030 (both days inclusive).29 | |
| 4 | BriefProfile(incase | extensiveSat palof Mr.Kumar Aroraexperiencehasin |
| appeiAtmeAt/ | wholesale lending, project appraisal and financing, Venture | |
| re-appointment) | /PE funding, recovery/legal process, insolvency laws and | |
| procedure. He has a sound working knowledge of general, | ||
| commercial and economic laws, Companies Act, regulatoryprovisions of Stock Exchanges and SEBI. Mr. Arora has been | ||
| former Executive Director of IFCI Ltd. and also served as | ||
| Managing Director of IFCI Venture Capital Funds Ltd. and TFCI | ||
| Ltd. | ||
| 5 | relationshipofDisclosure | No such relationship |
| between Directors (in case of | ||
| appointment of a director) | ||
| 6 | Informationrequiredas | Mr. Satpal Kumar Arora is not debarred from holding the |
| pursuant to BSE Circular with | office of director by virtue of any SEBI order or any other | |
| ref. no. LIST/COMP/14/2018- | such authority pursuant to circulars dated June 20, 2018 | |
| 19 and the National Stock | issued by BSE Limited and the National Stock Exchange of | |
| Limitedof IndiaExchange | India Limited pertaining to enforcement of SEBI Orders | |
| withref.Circularno. | appointmentregardingDirectorslistedoftheby | |
| NSE/CML/2018/both24, | companies. | |
| dated 20 June, 2018. |
DHAMPUR SUGAR MILLS LTD.
6111 Floor Max House. Okl1la Phase Ill. Okhla Ind! Area. New Delhi -110020 +~l J H:JL259400. 41259490l www dharnpursugarcorn
DHAMPUR SUGAR MILLS LTD.
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com
CIN: L15249UP 1933PLC0005H Regd. Office: P.O. Dnarnpw D1~t Bpnor 2JUG_:_ t P
Annexure-D
Disclosure under Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Circular no. SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
| Sr. | Particulars | Details |
|---|---|---|
| No. | ||
| 1 | Name | M/s GSK and Associates, |
| Company Secretaries | ||
| 2 | Reason for change viz. | The Board of Directors at their meeting held |
| appointment/ | today i.e. Friday, May 16, 2025, has approved | |
| Fe appeiRtmeRt/ FesigRatieR/ | the appointment of M/s. GSK & Associates, | |
| Feme¥altdeath 8F etheFWise | PracticingSecretariestheCompanyas | |
| AuditorsSecretarialof theforCompany, | ||
| conductingtheSecreta ri a IAudit of the | ||
| Company for a period of five (5) consecutive | ||
| years commencing from Financial Year 2025-26 | ||
| to Financial Year 2029-30, which is subject to | ||
| approval of the Shareholders of the Company at | ||
| the ensuing goth AGM. | ||
| 3 | Date of appointment/-fe | |
| appeiRtmeRtlGessatieR (as | Term of Appointment: 5 (Five) years commencing | |
| appliGable} & term of | from Financial Year 2025-26 | |
| appointment/ re-appointment | ||
| 4 | Brief Profile (in case of | M/s. GSK and Associates is a peer reviewed firm |
| appointment/ Fe appeiRtmeRt) | of Company Secretaries having more than 28 | |
| of experience asPracticing Companyyears | ||
| Secretary in Secretarial Affairs, Corporate Re | ||
| structuring, Capital Issues, Initiative & Liasioning, | ||
| practicing at Kanpur and Delhi and having large | ||
| number of companies including private limited, | ||
| public limited, listed and NBFCs. | ||
| 5 | Disclosure of relationship between | M/s GSK and Associates, Company Secretaries is |
| Directors (in case of appointment of not related to any of the Directors of the | ||
| a director) | Company. |
DHAMPUR SUGAR MILLS LTD.
6:n Floor. Max House. Oh!a Phase _!!L Okn!a Ind! Area. :'Jew Delhi- H0020 I CIN: Ll5249U_P 193Pu:r)005H . _ . -. , . +91-ll-41259400. 41259490 1 www dhampursugarccni Regd. Office: ?0 t)h2mpur. G!st Bi ;'.or .tlb re_ LY:
DHAMPUR SUGAR MILLS LTD.
6th Floor, Max House, Okhla Industrial Estate, Phase-Ill, New Delhi - 110020, India +91-11-41259400, 41259490 I www.dhampursugar.com I CIN: L15249UP1933PLC000511
Regd. Office: P.O. Dhampur, Dist. Bijnor - 246761 (U.P)