Dhampur Bio Organics signs JV with Orgonew for functional foods
Dhampur Bio Organics entered into 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 Joint Venture Company will be owned 74% by Dhampur Bio Organics and 26% by Orgonew, with a five-year lock-in period. The transaction is not a related party transaction.
*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 |
|---|---|---|---|---|---|
| -1.47% | +4.14% | -12.43% | +43.05% | +46.22% | -34.84% |
What is the projected timeline for the JVC to launch its first commercial product, specifically the curcumin-coated low-GI sugar?
How will the capital expenditure for setting up the manufacturing infrastructure be funded and shared between the two partners?
What revenue contribution is expected from this joint venture to Dhampur Bio Organics' top line over the next two fiscal years?
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