Dalmia Bharat Sugar & Industries Limited has announced the opening of a special window for transfer and dematerialization of physical securities, following the Securities and Exchange Board of India's latest circular. The company published a newspaper advertisement in Financial Express on March 13, 2026, to inform shareholders about this facility.

SEBI Special Window Guidelines

SEBI had initially opened a special window from July 07, 2025 to January 06, 2026 for re-lodgement of transfer deeds that were lodged prior to April 01, 2019 and were rejected, returned, or not attended to due to deficiencies. To further facilitate investors, SEBI has now opened another special window through its circular dated January 30, 2026.

Transfer Process and Requirements

The special window covers transfer and dematerialization of physical securities that were sold or purchased prior to April 01, 2019, including those which were previously rejected, returned, or not attended to. Securities transferred under this window will be mandatorily credited to the transferee only in demat mode.

Transferred securities will remain under lock-in for one year from the date of registration of transfer. During this lock-in period, such securities cannot be transferred, lien-marked, or pledged.

Documentation and Contact Details

Transferees must submit complete documents as per the SEBI circular requirements to the company's registrar. The detailed documentation requirements are available on the company's website at www.dalmiasugar.com .

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015. The advertisement was published in accordance with SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The company has also placed the same information on its official website for easy access by shareholders and investors.

Dalmia bharat sugar & industries Limited has officially announced a significant leadership change in its finance function through regulatory filings submitted to the Bombay Stock Exchange and National Stock Exchange on March 05, 2026. The company disclosed the resignation of Chief Financial Officer Piyush Gupta and the simultaneous appointment of Sandeep Garg as the new CFO, both effective March 05, 2026.

Official Regulatory Disclosure

The company submitted comprehensive disclosure documents pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary & Compliance Officer Rachna Goria signed the regulatory filing, ensuring proper documentation of the leadership transition to both major stock exchanges.

CFO Transition Details

Mr. Piyush Gupta submitted his resignation letter on March 04, 2026, citing personal reasons for his departure from the position of Chief Financial Officer and Key Managerial Personnel. The Board of Directors accepted his resignation during their meeting held on March 05, 2026, with the company expressing gratitude for his contributions during his tenure.

New CFO Appointment Process

The Board of Directors appointed Mr. Sandeep Garg as the new Chief Financial Officer and Key Managerial Personnel following recommendations from both the Nomination & Remuneration Committee and the Audit Committee. The appointment became effective immediately from March 05, 2026.

Sandeep Garg's Professional Background

Mr. Sandeep Garg, aged 46 years, brings over 25 years of diverse finance leadership experience across multinational and promoter-driven organizations. He is recognized as a strategic finance leader who combines strong governance with business acumen.

Key Professional Experience

Mr. Garg served as Group Chief Financial Officer at SLMG Beverages Pvt Ltd, the largest independent bottler of Coca-Cola in India, where he led the entire finance function spanning finance strategy, controllership, FP&A, commercial and plant finance, treasury, taxation, compliance, and governance. Prior to this role, he headed Finance for the ₹17,000.00 crore International Business at Bajaj Auto Ltd, managing operations across 90 countries in a multi-currency, multi-geography environment.

His earlier career included leadership positions with Coca-Cola India Pvt. Ltd., Whirlpool of India Ltd., and Bharti Airtel Ltd. Mr. Garg's expertise encompasses business strategy, financial planning & analysis, mergers & acquisitions, treasury & capital structuring, cost optimization, governance, and sustainable EBITDA enhancement. He is known for building high-performance teams, embedding financial discipline & data-driven decision-making cultures, and enabling organizations to scale responsibly while strengthening profitability.