Dalmia Bharat Sugar & Industries Completes Demerger with Dalmia Bharat Refractories Limited: Record Date on October 31

Dalmia Bharat Sugar & Industries has successfully completed the demerger of its refractory business into Dalmia Bharat Refractories Limited (DBRL), effective October 9, 2025. The scheme, sanctioned by the National Company Law Board (Chennai Bench), outlines a record date of October 31 to determine shareholder eligibility for receiving shares in DBRL.

Under the terms of the demerger, shareholders of Dalmia Bharat Sugar & Industries will receive 1 equity share of DBRL for every 48.18 equity shares held in Dalmia Bharat Sugar. The appointed date for this corporate restructuring was set as July 1, 2023.

Key Details of the Demerger

Implications for Shareholders

The record date of October 31 is critical for shareholders, as it determines eligibility to receive shares in DBRL under the demerger scheme. Shareholders should monitor company communications for details on the allotment process.

Corporate Action Timeline

• Scheme Approval: September 12, 2025, by NCLT Chennai Bench
• Effective Date: October 9, 2025, upon filing with the Registrar of Companies
• Record Date: October 31, 2025, for identifying eligible shareholders

Also Read: Coforge Announces Interim Dividend of ₹4 Per Share; Record Date Set for October 31, 2025

Conclusion

This demerger marks a strategic restructuring for Dalmia Bharat Sugar & Industries, reshaping its business operations and potentially influencing shareholder value. Investors and market observers are closely watching the execution and its impact on both the demerged and newly formed entities.

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