Dalmia Bharat Sugar and Industries Ltd approves demerger of Hippostores’ technology and agri-tech undertaking and reports Q2 FY27 net profit of ₹68.40 crore.
- Consolidated revenue was ₹1,060.81 crore, up 7.3% year on year; operating margin was approximately 10.2%, versus 5.2% a year earlier.
- The demerger is proposed to take effect from January 1, 2027, subject to regulatory, creditor and shareholder approvals.
- Scheme consideration includes 6.75 crore redeemable preference shares, with an 8% non-cumulative dividend and 20-year tenure.
- Board also approved an investment of up to USD 22.70 million in its UAE subsidiary; auditors’ limited-review conclusions were unmodified.