Dhampur Sugar Mills confirmed that the proceeds from Commercial Paper issued during the quarter ended September 30, 2026, were utilised strictly for their disclosed purposes. The certificate, signed by Chief Financial Officer Susheel Kumar Mehrotra, was filed with stock exchanges on October 1, 2026.

The filing states that the Commercial Paper issued during this period has since been fully repaid. This certification adheres to SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613, updated as of April 13, 2022, which mandates strict monitoring of debt instrument proceeds.

Compliance and repayment status

The company affirmed that all other listing conditions required under the SEBI circular were met. The short-term nature of the instrument is highlighted by the fact that the paper was both issued and repaid within the reporting cycle or shortly thereafter, ensuring no outstanding liability from this specific issuance at the time of certification.

Regulatory framework

The certificate serves as a compliance record for investors and regulators regarding the transparency of fund usage. By confirming adherence to the specified SEBI guidelines, the company maintains its standing for future debt market access. The document was signed by Aparna Goel, Company Secretary, on behalf of the management.

Dhampur Sugar Mills shareholders adopted the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026, during the 91st Annual General Meeting held on August 26, 2026. The meeting, conducted via video conferencing, also confirmed the payment of an interim dividend of ₹2.00 per equity share as the final dividend for the year.

The company reported improved operational and financial performance for FY26, driven by enhanced sugarcane quality, better sugar recovery, and higher sales volumes. Management highlighted lower costs in maize-based ethanol production as a key factor supporting margins. Additionally, the Chairman addressed strategic initiatives, including a proposed foray into the NBFC sector and exploration of value-added chemicals from bio-streams.

Key resolutions passed

Shareholders approved nine resolutions with requisite majorities. The adoption of annual accounts received overwhelming support, with 99.99% of valid votes cast in favor. The confirmation of the final dividend similarly secured 99.99% support.

The meeting also ratified the remuneration of cost auditors at ₹2.00 lakh plus taxes for FY27 and approved commission payments to non-executive independent directors, capped at 1% of net profits for FY26.

Executive remuneration and director appointments

Special resolutions regarding minimum remuneration for executive directors drew notable dissent compared to other agenda items. The proposal to pay minimum remuneration to Chairman Ashok Kumar Goel in case of inadequate profits during FY28 received 96.30% votes in favor, with 990,387 votes against. A similar resolution for Vice Chairman and Managing Director Gaurav Goel passed with 96.14% support, recording the same number of dissenting votes.

The board saw continuity in leadership roles. Subhash Pandey was re-appointed as Whole Time Director for a three-year term commencing September 25, 2026, with an annual remuneration of ₹80 lakh. Anuj Khanna was re-appointed as Non-Executive Independent Director for a five-year term effective June 7, 2026.

Strategic outlook and shareholder engagement

During the session, eleven members raised queries which were addressed by the management. The company emphasized its commitment to shareholder value through recent interim dividends and equity share buy-backs. The management reiterated its focus on identifying new growth opportunities beyond traditional sugar and ethanol operations, specifically targeting the NBFC sector and bio-based chemical derivatives.