The Management Committee of the Board of Directors of Dhampur Bio Organics Ltd. (DBOL) at its meeting held on November 27, 2024, has approved to acquire 100% shareholding (10,000 equity shares of Rs. 10 each) of M/s Sonitron Bio Organics Private Limited. Consequently, Sonitron Bio Organics Private Limited will become a wholly owned subsidiary of the Company.
The target entity is recently incorporated on November 8, 2023 and the company is manufacturer and dealer of chemical and chemical products, dealers of agri products including sugar and allied sugar products.
The acquisition aims to help the company enter new markets and customer segments through the new subsidiary and will allow it to experience opportunities in the market for agri-products and other allied products, including sugar.
DBOL is an integrated sugarcane processing company with a diverse portfolio in agri-business and bioenergy. The company manufactures a wide range of products, including refined and raw sugar, chemicals, ethanol, and biomass-based renewable power.
