Dhampur Bio Organics gets nod to acquire 100% stake in Sonitron Bio Organics

Dhampur Bio Organics has received approval to acquire 100% shareholding (10,000 equity shares of Rs 10 each) of M/s Sonitron Bio Organics. Consequently, Sonitron Bio Organics will become a wholly owned subsidiary of the company.

The objective of acquisition is to enter new markets/ customers segments through new subsidiary and it will allow to exploit opportunities available in the market for agri and other allied products including sugar. The management committee of Board of Directors at its Meeting held on November 27, 2024, has approved the same.

Dhampur Bio Organics is a leading, integrated sugarcane processing company in India. It manufactures refined and raw sugar, bio-fuels, biomass based renewable power and other related products.