General Updates

July 14, 2026 Bombay Stock Exchange Limited National Stock Exchange of India Limited New Trading Ring, “Exchange Plaza”, Plot No. C-1, Block G Rotunda Building, P J Towers, Dalal Bandra – Kurla Complex, Bandra (East), Street, Fort Mumbai-400001 Mumbai – 400 051 Scrip Code: 500097 Symbol: DALMIASUG Subject: Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir(s)/Madam, Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended from time to time (“SEBI Listing Regulations”) and in continuation with Dalmia Bharat Sugar and Industries Limited (“Company”) disclosures with respect to (a) entering into a Share Subscription cum Shareholders Agreement with Eagle Agrotech Holdings Limited (“EAHL”) and H.E. Mr. Mohamed Ali Rashed Alabbar for acquiring 51% stake in EAHL, dated September 26, 2025; and (b) EAHL having become a subsidiary company of the Company with effect from December 18, 2025, dated January 08, 2026, this is hereby informed that the Board of Directors has, at its meeting held today, i.e., Tuesday, July 14, 2026, approved - Project relating to Sugarcane Plantation and setting up of a Sugar Manufacturing Unit of 3500 TCD along with Co-gen facility of 20 MW in Tanzania (“Project”), through Eagle Agrotech Tanzania Limited (“EATL”), a Wholly Owned Subsidiary Company of EAHL involving estimated project cost of US$132 Million. - An additional investment upto US$ 19.70 Million by way of equity or other instrument(s) in EAHL to be made in one or more tranches, in addition to investment upto US$ 3 Million already approved by the Board in its previous meetings, towards its 51% equity contribution. Further, the Board of Directors of the Company in its today’s meeting has approved incorporation of a wholly owned subsidiary company in United Arab Emirates to hold present and future foreign investments of the Company with initial investment of US$ 1000. The Board of Directors has in its today’s meeting also approved appointment of Shri Lokendra Singh Lamba as Unit Head for Jawaharpur Unit of the Company in Uttar Pradesh in the category of Senior Management Personnel, on recommendation of the Nomination and Remuneration Committee, with effect from July 15, 2026. The requisite disclosures as per Regulation 30 read with Schedule III of the SEBI Listing Regulations, as amended from time to time, are attached and marked as Annexure – I, II and III. The Board Meeting commenced at 11:30 a.m. and concluded at 5.35 p.m. Thanking You, For Dalmia Bharat Sugar and Industries Limited Rachna Goria Company Secretary and Compliance Officer FCS 6741 Encl.: As Above Annexure-1 Disclosure pursuant to Regulation 30 read with clause 1, Para A, Part A, Scheduled III of SEBI Listing Regulations S. Particulars Details 1. Name of the target entity, details in Eagle Agrotech Holdings Limited brief such as size, turnover etc. (“EAHL”), a Company registered in Abu Dhabi Global Market, United Arab Emirates, is a Holding Company of Eagle Agrotech Tanzania Limited (“EATL”), a Company registered in United Republic of Tanzania for establishing Sugarcane Plantation and setting up of a Sugar Manufacturing Unit and Co-gen facility. Since, EAHL is a new company having incorporated in July 2024 and operations of EATL are still in pre- operative phase, the Turnover of EAHL is nil as of March 31, 2026. 2. Whether the acquisition would fall EAHL is a Subsidiary Company with 51% within related party transaction(s) stake of Dalmia Bharat Sugar and and whether the promoter/ Industries Limited and therefore is a promoter group/ group companies related party. have any interest in the entity being acquired? If yes, nature of interest Accordingly, investment upto US$ 19.70 and details thereof and whether Million by way of equity or other the same is done at “arm’s length”. instrument(s) in EAHL in one or more tranches, in addition to investment upto US$ 3 Million already approved by the Board in its previous meetings, when made would fall within related party transaction(s). The transaction(s) will be done at arms’ length basis. Shri Gautam Dalmia, Managing Director and Shri Pankaj Rastogi, Whole Time Director & CEO of the Company, are Directors on the Board of EAHL and EATL, having no shareholding in EAHL and EATL. Except to the extent of shares held / to be held by the Company in EAHL and Directorship of Shri Gautam Dalmia and Shri Pankaj Rastogi, the promoter/promoter group/ group companies of the Company have no interest in EAHL. 3. Industry to which the entity being EAHL is a holding company of EATL. EATL acquired belongs. is in the process of establishing Sugarcane Plantation and setting up of a Sugar Manufacturing Unit and Co-gen facility in Tanzania. 4. Objects and impact of acquisition The investment has been approved by (including but not limited to, the Board of Directors for funding the disclosure of reasons for acquisition Project relating to Sugarcane Plantation of target entity, if its business is and setting up of a Sugar Manufacturing outside the main line of business of Unit of 3500 TCD along with Co-gen the listed entity. facility of 20 MW in Tanzania, through EATL, a Wholly Owned Subsidiary Company of EAHL, subject to all applicable approvals. 5. Brief details of any governmental or Requisite approvals under Foreign regulatory Exchange Management Act, 1999 or any approvals required for the other applicable law(s) shall be acquisition. obtained. 6. Indicative time period for Two (2) to Three (3) Years completion of the acquisition. 7. Consideration - whether cash Cash Consideration consideration or share swap or any other form and details of the same. 8. Cost of acquisition and/or the price The Board has approved investment at which the shares are acquired. upto US$ 19.70 Million by way of equity or other instrument(s) in EAHL in one or more tranches. 9. Percentage of shareholding / The percentage shareholding of the control acquired and / or number of Company in EAHL shall remain 51% and shares acquired. there will be no change pursuant to this investment. 10. Brief background about the entity EAHL, a Company registered in Abu acquired in terms of products/line Dhabi Global Market, United Arab of business acquired, date of Emirates, is a Holding Company of EATL, incorporation, history of last 3 a Company registered in United years turnover, country in which Republic of Tanzania for establishing the acquired entity has presence Sugarcane Plantation and setting up of a and any other significant Sugar Manufacturing Unit and Co-gen information (in brief). facility. Since, EAHL is a new company having incorporated in July 2024 and operations of EATL are still in pre- operative phase, the Turnover of EAHL is nil as of March 31, 2026. Annexure-2 Disclosure pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026: S. Particulars Details 1. Name of the entity, date & Name of the proposed entity: As may be country of incorporation, approved by the relevant authorities. etc.; Date of Incorporation: NA, as the entity is yet to be incorporated. Country of Incorporation: UAE (in Abu Dhabi Global Market) 2. Name of holding company of The proposed entity, upon incorporation, the incorporated company will be a Wholly owned Subsidiary of Dalmia and relation with the listed Bharat Sugar and Industries Limited and entity; consequently a related party in terms of applicable regulations. 3. Industry to which the entity The entity being incorporated shall hold the being incorporated belongs present and future foreign investments of the Company. 4. Brief background about the The entity being incorporated shall hold the entity incorporated in terms present and future foreign investments of of products / line of business; the Company. 5. Br [Showing first 8,000 characters — download PDF for full document]