Dalmia Bharat Sugar & Industries , a prominent player in the Indian sugar industry, has successfully completed its strategic international expansion with regulatory approval for its acquisition of Eagle Agrotech Holdings Limited (EAHL). The company announced that ADGM, Abu Dhabi has approved the allotment of 51% ordinary shares by EAHL, making it an official subsidiary effective December 18, 2025.

Regulatory Approval and Subsidiary Status

The company disclosed to stock exchanges that the Abu Dhabi Global Market (ADGM) approved the share allotment on January 07, 2026. This regulatory milestone confirms EAHL's status as a subsidiary of Dalmia Bharat Sugar with effect from December 18, 2025.

Partnership and Investment Structure

Dalmia Bharat Sugar and Industries Limited entered into a Share Subscription cum Shareholders Agreement with Eagle Agrotech Holdings Limited and H.E. Mr. Mohamed Ali Rashed Alabbar. The agreement outlines their collaboration for establishing sugar operations in Tanzania through this UAE-based holding company.

Tanzania Operations and Strategic Scope

The partnership aims to develop sugar production infrastructure in Tanzania through Eagle Agrotech Tanzania Limited (EATL), a subsidiary of EAHL. EATL is establishing sugarcane plantations and a sugar factory in the country, marking Dalmia Bharat Sugar's first foray into the East African sugar market.

Strategic Benefits

This international expansion represents a significant milestone for Dalmia Bharat Sugar, enabling the company to diversify its geographical presence, access new markets, and leverage its sugar production expertise globally. The move positions the company to benefit from Tanzania's agricultural resources and strategic location in East Africa.

Compliance and Disclosure

The company confirmed that the acquisition does not constitute a related party transaction and does not require additional governmental or regulatory approvals. The disclosure was made pursuant to Regulation 30(7) of SEBI (LODR) Regulations, 2015, ensuring full transparency with stakeholders and regulatory authorities.

Dalmia Bharat Sugar & Industries has provided comprehensive guidance to shareholders regarding the apportionment of cost of acquisition following the completion of its demerger scheme with Dalmia Bharat Refractories Limited (DBRL). The company issued detailed instructions on December 18 for calculating post-demerger shareholding costs.

Demerger Scheme Details

The demerger scheme between the company and DBRL became effective on October 9, following approval from the National Company Law Tribunal, Chennai Bench on September 12. The scheme involves the transfer of Dalmia Magnesite Corporation and Govan Travels as demerged undertakings to DBRL.

Cost Apportionment Framework

The company has provided specific guidance on how shareholders should apportion their pre-demerger cost of acquisition between the two entities, in accordance with Income Tax Act provisions.

Practical Calculation Example

The company provided a detailed example to illustrate the cost apportionment mechanism for shareholders:

Regulatory Compliance

The cost apportionment follows Section 49(2C) and 49(2D) of the Income Tax Act, 1961, which govern the treatment of shares in demerger transactions. The allocation is based on the net book value of assets transferred relative to the company's net worth as of June 30, 2023.

Important Shareholder Notice

The company emphasized that this information should be preserved carefully as it will be relevant for calculating taxable capital gains on future share transfers. However, the company clarified that this communication serves as general guidance and should not substitute independent professional advice.

Shareholders eligible for the demerger benefits were determined based on the record date of October 31, with names appearing in the register of members or beneficial owners maintained by registrar and transfer agents.