Dalmia Bharat Sugar and Industries Limited, a flagship company of the Dalmia Bharat Group, has formally announced the record date for its much-anticipated scheme of arrangement with Dalmia Bharat Refractories Limited (DBRL). The company has informed both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) that October 31, 2025 has been fixed as the record date for determining the eligible shareholders entitled to receive shares in the resulting company.

The scheme, executed under Sections 230-232 of the Companies Act, 2013, was approved by the Hon’ble National Company Law Tribunal (NCLT), Chennai Bench, through an order dated September 12, 2025. The order was subsequently filed with the Registrar of Companies, making the scheme effective on October 9, 2025. The appointed date of the scheme, however, has been set retrospectively as July 1, 2023.

As per the terms of the approved scheme, “1 fully paid-up equity share of face value ₹10 each of Dalmia Bharat Refractories Limited will be issued and allotted for every 48.18 fully paid-up equity shares of face value ₹2 each held by equity shareholders of Dalmia Bharat Sugar and Industries Limited.”

This essentially means that all existing equity shareholders of Dalmia Bharat Sugar, as on the record date of October 31, 2025, will be eligible to receive their proportionate shareholding in the newly formed entity Dalmia Bharat Refractories.

The move is part of a broader corporate restructuring strategy by the Dalmia Bharat Group, aimed at unlocking shareholder value and streamlining business operations. The demerger process allows each business segment to operate with a sharper focus, thereby providing opportunities for targeted growth, better capital allocation, and strategic partnerships.

The scheme of arrangement reflects the group’s vision to enhance operational efficiencies and governance structures by segregating different verticals. While Dalmia Bharat Sugar continues to focus on its core areas of sugar manufacturing, renewable power, and allied businesses, Dalmia Bharat Refractories Limited will pursue independent growth opportunities in the refractories sector.

For investors and shareholders, this development marks a significant milestone. The allotment of shares in the resulting company will provide them with exposure to a newly demerged entity, potentially offering greater returns depending on its growth trajectory and market performance.

The disclosure made by Company Secretary Rachna Goria (FCS 6741) ensures full transparency with market regulators and investors. Both exchanges — BSE (Scrip Code: 500097) and NSE (Symbol: DALMIASUG) — have been informed of the decision, thereby fulfilling the compliance requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The announcement comes at a time when corporate India is witnessing multiple demerger and restructuring exercises aimed at strengthening businesses and improving shareholder wealth creation. The logistics of share allotment and subsequent listing of Dalmia Bharat Refractories will now be closely watched by the market.

By fixing October 31, 2025 as the record date, Dalmia Bharat Sugar has provided clarity to investors and the market at large. Shareholders should ensure that their holdings are in order by this date to be eligible for the allotment of shares in the resulting company.

In conclusion, the scheme is expected to enhance operational independence for both entities while giving shareholders an opportunity to participate in the growth of two distinct businesses. The regulatory clarity, combined with the fixed record date, brings the process closer to execution, further strengthening investor confidence in the Dalmia Bharat Group’s corporate governance and long-term growth strategy.

Join our Telegram Channel for Latest News and Regular Updates.

Start your Mutual Fund Journey  by Opening Free Account in Asset Plus.

Start your Stock Market Journey and Apply in IPO by Opening Free Demat Account in Choice Broking FinX.