Dalmia Bharat Sugar Update

✅ NCLT has approved the demerger of the DMC & GT units. ➡️ These units will now move to Dalmia Bharat Refractories. 📊 All SEBI & Stock Exchange observations have been addressed. ⚙️ The restructuring aims to create a sharper business focus and unlock value. 🌐 Sugar operations remain with Dalmia Bharat Sugar, while refractories expand under DB Refractories. 💡 This could improve efficiency, growth visibility, and investor clarity. ⚠️ Risks include execution of the transition and sector-specific volatility. 📈 Overall, the demerger is expected to strengthen balance sheet and growth outlook.