Incorporated in November 1993, Dwarikesh Sugar Industries Ltd is a sugar company which operates through its plants in Uttar Pradesh, India.
The company generates revenue from selling sugar, molasses, ethanol, and power. Ethanol is an essential part of the company’s business.
The three plants that Dwarikesh owns can crush 21,500 TCD of sugarcane per day. They can also produce 96 MW of power, with 56 MW of that going to the state electricity grid. In addition, the company’s two distilleries can make 337.5 KL of ethanol per day.
Dwarikesh Sugar Industries Buyback 2024 Detail
| Issue Period | |
| Security Name | Dwarikesh Sugar Industries Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 3,000,000 (1.59 % of Total number of equity Shares) |
| Issue Size (Amount) | ₹31.50 Crores |
| Buyback Price | ₹105 per share |
| Face Value | ₹1 per share |
| Listing At | BSE, NSE |
Dwarikesh Sugar Industries Buyback 2024 Issue Timetable
| Last Date to buy shares | March 19, 2024 |
| Record Date | March 20, 2024 |
| Offer Opens On | |
| Last Date for receipt of Tender Forms | |
| Offer Closes On * | |
| Finalisation of Buyback Acceptance | |
| Last Date for settlment of bids | |
| Last Date for Extinguishment of Shares |
Buyback Ratio
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Company Financials
Dwarikesh Sugar Industries Limited Financial Information (Restated)
Dwarikesh Sugar Industries Limited’s revenue increased by 7.07% and profit after tax (PAT) dropped by -32.47% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 1,280.01 | 1,419.54 | 1,445.44 |
| Revenue | 2,117.00 | 1,977.23 | 1,845.94 |
| Profit After Tax | 104.81 | 155.22 | 91.54 |
| Reserves and Surplus | 722.59 | 655.44 | 561.42 |
| Total Borrowing | 371.89 | 523.31 | 608.47 |
| Amount in ₹ Crore | |||
Necessity of the Issue
The Buyback is being undertaken for the following objectives:
- The Buyback will help the Company to distribute surplus funds to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders and it will also help in improving return on equity, by reducing the equity base, thereby leading to long term increase in shareholders’ value;
- The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve the allocation of a number of equity shares as per the entitlement to the shareholders or 15% of the number of Equity Shares to be bought back whichever is higher, reserved for the small shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as “small shareholders” as per Regulation 2(i)(n) of the Buyback Regulations; and
- The Buyback gives an option to the Eligible Shareholders to either (a) choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback or (b) choose to not participate and enjoy a resultant increase in their percentage shareholding, post-Buyback, without additional investment.
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Company Contact Information
Dwarikesh Sugar Industries Limited
Dwarikesh Nagar
Dist. Bijnor
– 246 762,
Phone: 01343-267061
Email: dsilbom@dwarikesh.com
Website: https://www.dwarikesh.com/