Dalmia Bharat Sugar and Industries Ltd has approved the development of an integrated sugar project in Tanzania through its step-down subsidiary, Eagle Agrotech Tanzania Limited. The project, estimated to cost US$132 million, comprises the development of a sugarcane plantation and the establishment of a sugar manufacturing unit along with a cogeneration facility. This strategic initiative marks a significant milestone in the company's international growth strategy, advancing its geographical diversification and entry into global bio-energy markets.

Project Scope and Capacity

The integrated sugar estate will be developed over 10,000 hectares, with the potential to expand to 20,000 hectares. The initial phase includes a sugar manufacturing capacity of approximately 70,000 MT per annum, which is expandable to 150,000 MT per annum. Additionally, the project features a 20 MW cogeneration facility, scalable to 40 MW. Over the medium to long term, the company intends to transform the complex into a diversified bio-energy platform by maximizing by-product utilization.

Strategic Rationale

The investment is supported by favourable long-term market fundamentals in Tanzania and the broader East African region, which experience a structural deficit in sugar production where domestic demand consistently exceeds local supply. This scenario presents a significant opportunity for import substitution and access to neighbouring regional markets. The development of captive sugarcane plantations is expected to ensure a reliable and sustainable supply of feedstock, strengthening long-term operational resilience.

Subsidiary Structure

The project is being executed through Eagle Agrotech Tanzania Limited, a wholly owned subsidiary of Eagle Agrotech Holdings Limited (EAHL). Dalmia Bharat Sugar and Industries Limited holds a 51% stake in EAHL, while the remaining 49% is held by Symphony Global LLC, an investment holding company of H.E. Mr. Mohamed Ali Rashed Alabbar, the founder and Chairman of Emaar Properties.

Dalmia Bharat Sugar and Industries Limited declared a final dividend of ₹1.50 per share for the financial year 2025-26 at its 74th Annual General Meeting held on July 10, 2026. The meeting, conducted via video conferencing, saw the approval of key resolutions including the re-appointment of Gautam Dalmia as Managing Director and the ratification of cost auditor remuneration.

The shareholders adopted the audited financial statements for the year ended March 31, 2026, on a standalone and consolidated basis. The resolutions to appoint directors Shri Gautam Dalmia and Shri Pankaj Rastogi, who retire by rotation, were also approved. Additionally, the meeting sanctioned the alteration of the objects clause of the Memorandum of Association.

Vikas Gera, Practicing Company Secretary, served as the Scrutinizer for the e-voting process. The remote e-voting facility was available from July 7, 2026, to July 9, 2026, and e-voting was also conducted during the AGM. The cut-off date to determine shareholder eligibility was July 3, 2026.

Voting Results

All seven resolutions were passed with the requisite majority. The table below summarizes the voting outcomes for the key resolutions:

The total number of shareholders on the record date was 47,156. Promoter and Promoter Group attendance via video conferencing was 7, while 111 public shareholders attended through the same mode.