Dhampur Bio Organics Signs JV with Orgonew to Develop Functional Food Products
Dhampur Bio Organics entered a Joint Venture Agreement with Orgonew Private Limited on June 04, 2026, to develop, manufacture, and commercialise phyto bio-active based functional food products, including curcumin-coated low-GI sugar. Dhampur Bio Organics will hold 74% equity in the JVC with a five-year lock-in, while Orgonew holds 26% locked in for the first three years. The transaction is not classified as a related party transaction under SEBI regulations.
*this image is generated using AI for illustrative purposes only.
Dhampur Bio Organics signed a Joint Venture Agreement with Orgonew Private Limited on June 04, 2026, to develop, manufacture, and commercialise phyto bio-active based functional food products. The agreement establishes a Joint Venture Company (JVC) that will leverage Orgonew's proprietary nano-curcumin coating platform and Dhampur Bio Organics' manufacturing infrastructure and commercial reach across various trade channels. This strategic move aims to combine technical know-how with market access to create products such as curcumin-coated low-GI sugar.
Pursuant to the agreement, Dhampur Bio Organics will hold 74% of the equity share capital of the JVC, while Orgonew will hold 26%. The Board of the JVC will comprise three directors, including a Chairman. Dhampur Bio Organics will appoint two directors, and Orgonew will appoint one director. The shareholding of Orgonew in the JVC will be maintained at 26% for the first three years from the date of closing, and the agreement includes a lock-in period of five years.
The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that Orgonew Private Limited is not related to the promoter, promoter group, or any group company of Dhampur Bio Organics. Consequently, the transaction does not fall within related party transactions.
Joint Venture Structure
The table below outlines the key details of the agreement and the structure of the Joint Venture Company:
| Particulars | Details |
|---|---|
| Parties | Dhampur Bio Organics Limited and Orgonew Private Limited |
| Purpose | Development, manufacture, marketing, distribution, and commercialisation of phyto bio-active coated functional food products |
| Shareholding | Dhampur Bio Organics: 74%, Orgonew Private Limited: 26% |
| Board Composition | Three Directors (2 appointed by Dhampur Bio Organics, 1 by Orgonew) |
| Lock-in Period | 5 years |
| Orgonew Shareholding Lock-in | 26% for the first three years from the date of closing |
Historical Stock Returns for Dhampur Bio Organics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.25% | -1.53% | +8.11% | +52.01% | +41.79% | -31.84% |
What is the projected timeline for the JVC to launch its first commercial products, such as curcumin-coated low-GI sugar?
How will the capital expenditure for setting up the manufacturing infrastructure be funded and split between the partners?
What are the expected revenue contributions from these functional food products to Dhampur Bio Organics' top line over the next three years?
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