Dalmia bharat sugar & industries Limited has officially announced a significant leadership change in its finance function through regulatory filings submitted to the Bombay Stock Exchange and National Stock Exchange on March 05, 2026. The company disclosed the resignation of Chief Financial Officer Piyush Gupta and the simultaneous appointment of Sandeep Garg as the new CFO, both effective March 05, 2026.

Official Regulatory Disclosure

The company submitted comprehensive disclosure documents pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Company Secretary & Compliance Officer Rachna Goria signed the regulatory filing, ensuring proper documentation of the leadership transition to both major stock exchanges.

CFO Transition Details

Mr. Piyush Gupta submitted his resignation letter on March 04, 2026, citing personal reasons for his departure from the position of Chief Financial Officer and Key Managerial Personnel. The Board of Directors accepted his resignation during their meeting held on March 05, 2026, with the company expressing gratitude for his contributions during his tenure.

New CFO Appointment Process

The Board of Directors appointed Mr. Sandeep Garg as the new Chief Financial Officer and Key Managerial Personnel following recommendations from both the Nomination & Remuneration Committee and the Audit Committee. The appointment became effective immediately from March 05, 2026.

Sandeep Garg's Professional Background

Mr. Sandeep Garg, aged 46 years, brings over 25 years of diverse finance leadership experience across multinational and promoter-driven organizations. He is recognized as a strategic finance leader who combines strong governance with business acumen.

Key Professional Experience

Mr. Garg served as Group Chief Financial Officer at SLMG Beverages Pvt Ltd, the largest independent bottler of Coca-Cola in India, where he led the entire finance function spanning finance strategy, controllership, FP&A, commercial and plant finance, treasury, taxation, compliance, and governance. Prior to this role, he headed Finance for the ₹17,000.00 crore International Business at Bajaj Auto Ltd, managing operations across 90 countries in a multi-currency, multi-geography environment.

His earlier career included leadership positions with Coca-Cola India Pvt. Ltd., Whirlpool of India Ltd., and Bharti Airtel Ltd. Mr. Garg's expertise encompasses business strategy, financial planning & analysis, mergers & acquisitions, treasury & capital structuring, cost optimization, governance, and sustainable EBITDA enhancement. He is known for building high-performance teams, embedding financial discipline & data-driven decision-making cultures, and enabling organizations to scale responsibly while strengthening profitability.

Dalmia Bharat Sugar & Industries has approved a major efficiency enhancement project worth ₹49 crore at its Jawaharpur manufacturing unit. The initiative focuses on implementing steam saving technologies to optimize operational performance and resource utilization.

Project Overview and Investment Details

The approved project represents a significant capital investment aimed at modernizing the company's steam management systems. The ₹49 crore allocation will be utilized to implement advanced steam saving technologies at the Jawaharpur unit, marking a substantial commitment to operational excellence.

Expected Operational Benefits

The steam saving project is designed to deliver measurable improvements in operational efficiency. The company expects to achieve a 10% reduction in steam consumption, which will translate into significant cost savings and improved resource management.

Key Performance Targets

• Steam Consumption Reduction: 10% decrease in overall steam usage
• Bagasse Savings: 54,000 MT annually
• Operational Efficiency: Enhanced manufacturing process optimization

Environmental and Sustainability Impact

The project aligns with sustainable manufacturing practices by reducing resource consumption and improving energy efficiency. The annual saving of 54,000 MT of bagasse represents a substantial improvement in raw material utilization, contributing to the company's environmental sustainability goals.

This strategic investment demonstrates Dalmia Bharat Sugar & Industries' focus on implementing technology-driven solutions to enhance operational performance while maintaining sustainable manufacturing practices at its production facilities.