In a significant legal victory for Dalmia Bharat Sugar & Industries , the Madras High Court has dismissed a substantial compensation claim worth ₹120 crore against the company. The court's ruling, which favors Dalmia Bharat Sugar & Industries, puts an end to a long-standing dispute over surface rights related to mining leases.

Details of the Court Ruling

According to a disclosure filed by Dalmia Bharat Sugar & Industries to the stock exchanges, the Madras High Court pronounced its judgment on September 10. The court's decision, received by the company on September 30, granted relief from annual compensation for surface rights in respect of mining leases. The ruling specifically addressed two significant demands:

1. A demand of ₹79.00 crore for the period from 1966 to 2017 has been quashed.
2. An additional demand of ₹41.00 crore for the period from 2017 to 2024 has also been quashed.

Background of the Case

The litigation was related to demands for annual compensation for surface rights concerning mining leases dating back to 1966. This case had been pending before the Madras High Court and was considered a material event by the company.

Implications for Dalmia Bharat Sugar & Industries

The court's decision to quash the entire ₹120.00 crore claim is a substantial relief for Dalmia Bharat Sugar & Industries. This ruling eliminates a significant potential financial liability that had been hanging over the company for years.

Company's Response

Rachna Goria, Company Secretary and Compliance Officer of Dalmia Bharat Sugar & Industries, confirmed the court's decision in a filing to the stock exchanges. The company made this disclosure in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This favorable court ruling is expected to have a positive impact on Dalmia Bharat Sugar & Industries' financial position by removing a substantial contingent liability. Investors and stakeholders will likely view this development as a positive sign for the company's future operations and financial stability.

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.