Dhampur Sugar Mills Limited has announced the successful issuance and allotment of commercial papers worth ₹100 crores under Regulation 30. The company informed both the National Stock Exchange and BSE Limited about this significant debt instrument issuance on April 15, 2026.

Commercial Paper Details

The company has structured the commercial paper issuance with specific parameters designed to meet its short-term funding requirements. The papers carry an attractive interest rate and have been issued to a prominent banking institution.

Issuance Structure and Rating

The commercial papers have been issued exclusively in favour of Kotak Mahindra Bank Limited, demonstrating the bank's confidence in Dhampur Sugar Mills' creditworthiness. The papers carry a credit rating of IND A1+, which reflects the company's strong short-term credit quality and ability to meet its financial obligations.

The ISIN assigned to these commercial papers is INE041A14134, and they will be listed on BSE Limited. This listing provides transparency and regulatory compliance for the debt instrument.

Financial Implications

The commercial paper issuance represents an efficient short-term funding mechanism for Dhampur Sugar Mills. With an issue value of ₹98.59 crores and a redemption value of ₹100.00 crores over a 75-day period, the company has secured funding at a competitive rate of 6.95% per annum.

The documentation was signed by Company Secretary Aparna Goel, confirming the formal completion of the allotment process and regulatory compliance requirements.

Dhampur Sugar Mills Limited has announced key changes in its senior management personnel, involving one resignation and two internal transfers across its manufacturing units.

Senior Management Changes Overview

The company has reported three significant personnel changes effective April 2026, as communicated to stock exchanges under regulatory compliance requirements.

Leadership Transition Details

Resignation of Mr. Nishkam Gupta

Mr. Nishkam Gupta has tendered his resignation from his position as Unit Head and Vice President, citing unavoidable family reasons. His resignation became effective on 8th April, 2026. In his resignation letter, Gupta confirmed his commitment to ensuring a smooth transition and handover of duties as required by management.

Internal Transfers and Appointments

To address the leadership gap, Dhampur Sugar Mills has implemented strategic internal transfers:

• Mr. Ashish Sharma has been transferred from his current role as Unit Head of Rajpura Unit to serve as Unit Head of Dhampur Unit, effective 8th April, 2026
• Mr. Upendra Kumar has been designated as the new Unit Head of Rajpura Unit, effective 13th April, 2026

Leadership Profiles

Mr. Ashish Sharma brings extensive experience to his new role, having led the Rajpura Unit previously. He holds B.Sc. and LL.B. degrees and has over three decades of experience with Dhampur Sugar Mills Limited. His expertise spans production management, cane development, commercial functions, and plant operations. During his tenure, he has contributed significantly to plant growth, sugarcane varietal expansion, and implementation of food safety, health, and environmental certifications.

Mr. Upendra Kumar is a seasoned professional with over 28 years of experience in the sugar industry. He has been associated with the company since 2021, overseeing plant operations, capex projects, and process house maintenance. His background includes senior roles as GM (Projects) and AGM (Production), with expertise in refinery operations, specialty sugar production, and process optimization. Kumar holds ANSI (Sugar Technology) from the National Sugar Institute, Kanpur, and a Bachelor of Science degree from C.C.S. University, Meerut.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. All changes have been formally communicated to both the National Stock Exchange of India Limited and BSE Limited, ensuring transparency with stakeholders and regulatory compliance.