Board approves September quarter results, Hippostores demerger scheme and USD 22.70 Million UAE investment
The board approved a Scheme of Arrangement for demerger of Hippostores Technology Private Limited into the company, with an Appointed Date of January 01, 2027.
By ScoutQuest · · 3 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,060.81 | 988.72 | +7.3% | 848.19 | +25.1% |
| Total income | 1,090.36 | 1008.44 | +8.1% | 875.71 | +24.5% |
| Profit before tax | 92.52 | 31.26 | +196% | 9.83 | +841% |
| Profit after tax | 68.40 | 23.32 | +193% | 6.91 | +890% |
| Total comprehensive income | 64.86 | 27.66 | +134% | (14.43) | — |
| Basic EPS | 8.45 | 2.88 | +193% | 0.85 | +894% |
- Profit after tax YoY
- 23.32 (+193%)
- Period
- For the quarter ended 30-09-2026
Also decided at the meeting
- Approved Scheme of Arrangement for demerger of the Demerged Undertaking of Hippostores Technology Private Limited into the Company, issuing Redeemable Preference Shares; Appointed Date January 01, 2027.
- Approved investment upto USD 22.70 Million in Dalmia Bharat Global Holdings Limited, a wholly owned subsidiary in UAE, by way of equity or other instruments.
Auditor's review
Conclusion: Unmodified
What the board approved
- The unaudited financial results, on standalone and consolidated basis, for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee, along with the Limited Review Reports of the statutory auditors.
- A Scheme of Arrangement between Hippostores Technology Private Limited (the demerged company) and Dalmia Bharat Sugar and Industries Limited (the resulting company) and their respective shareholders and creditors, under Sections 230 to 232 of the Companies Act, 2013.
- An investment of up to USD 22.70 Million in Dalmia Bharat Global Holdings Limited, a wholly owned subsidiary incorporated in United Arab Emirates, to hold present and future investments of the company, by way of equity or other instruments.
Auditor's review conclusion
The review reports on both the standalone and the consolidated results state that, based on the review, nothing has come to the auditors' attention that causes them to believe the statements are not in compliance with the required disclosure or contain any material misstatement. In the consolidated report, an "Other Matter" paragraph notes that the financial information of 2 foreign subsidiaries was reviewed by their respective independent auditors, and the auditors' conclusion is not modified in respect of those matters.
Consolidated results, quarter ended September 30, 2026 (as printed)
- Revenue from operations: Rs. 1,060.81 crore
- Total income: Rs. 1,090.36 crore
- Profit after tax: Rs. 88.40 crore
- Basic & diluted earnings per share: Rs. 8.45
For the half year ended September 30, 2026, Revenue from operations was Rs. 1,909.00 crore and Profit after tax Rs. 75.31 crore on a consolidated basis.
Foreign subsidiaries in the consolidated numbers
The consolidated statement includes 2 foreign subsidiaries, including a foreign step down subsidiary, whose financial information reflects:
- total assets of Rs.178.49 Crores as at September 30, 2026
- total revenues of Rs. Nil and Rs.Nil
- net profit/(loss) after tax of (Rs.2.21 crores) for the quarter and (Rs.3.87 crores) for the year to date period from April 01, 2026 to September 30, 2026
- net cash inflow of Rs.40.02 crores for the year to date period from April 01, 2026 to September 30, 2026
How the demerger scheme works
- The demerged undertaking of Hippostores Technology is to be demerged, transferred and vested into Dalmia Bharat Sugar on a going concern basis.
- In return, fully paid-up Redeemable Preference Shares of Dalmia Bharat Sugar are to be issued and allotted to the eligible shareholders of Hippostores Technology, in line with the share-entitlement ratio and terms specified in the Scheme.
- The Appointed Date is the opening of business hours on January 01, 2027, or such other date as may be approved by the jurisdictional National Company Law Tribunal or other competent authority.
What the scheme still needs
Completion is conditional on receipt of the requisite observation letters or no-objection letters from BSE and NSE under the applicable SEBI review process, approvals of the shareholders and creditors of the respective companies as applicable, sanction of the jurisdictional bench of the NCLT, and other statutory and regulatory approvals, consents and permissions.
The key points for a retail reader
- The share issuance to Hippostores Technology shareholders under the scheme is of Redeemable Preference Shares, as per the terms set out in the Scheme, and the scheme moves through exchange, shareholder, creditor and NCLT steps before it takes effect.
- The two other decisions are a structural one (the demerger) and a funding one (the USD 22.70 Million investment in the UAE holding subsidiary); the quarterly results themselves are the operating update for the September 2026 quarter.
Also from Dalmia Bharat Sugar and Industries
Q2 FY27 results: Revenue Rs. 1061 Cr, EBITDA Rs. 144 Cr, PAT Rs. 71 Cr; board approves Hippostores scheme
3 Nov 2026
Dalmia Bharat Sugar to demerge Hippostores Technology into itself; invest up to USD 22.70 million in UAE subsidiary
3 Nov 2026
Board approves demerger of Hippostores Technology into company; preference shares to be issued
3 Nov 2026
More numbers
- Investment approved in Dalmia Bharat Global Holdings LimitedUSD 22.70 Million
- Consolidated Profit after tax, quarter ended 30-09-202688.40 crore
- Total assets of 2 foreign subsidiaries as at September 30, 2026Rs.178.49 Crores
- Net loss after tax of foreign subsidiaries, quarter(Rs.2.21 crores)
- Net cash inflow of foreign subsidiaries, year to dateRs.40.02 crores
- Total income, latest quarter1,090.36 (Rs. In Crore)
- Total income, year-ago quarter1008.44 (Rs. In Crore)
- Total income, previous quarter875.71 (Rs. In Crore)
- Total comprehensive income, latest quarter64.86 (Rs. In Crore)
- Total comprehensive income, year-ago quarter27.66 (Rs. In Crore)
- Total comprehensive income, previous quarter(14.43) (Rs. In Crore)
- Profit after tax, latest quarter68.40 (Rs. In Crore)
- Profit after tax, year-ago quarter23.32 (Rs. In Crore)
- Profit after tax, previous quarter6.91 (Rs. In Crore)
- Revenue from operations, latest quarter1,060.81 (Rs. In Crore)
- Revenue from operations, year-ago quarter988.72 (Rs. In Crore)
- Revenue from operations, previous quarter848.19 (Rs. In Crore)
- Profit before tax, latest quarter92.52 (Rs. In Crore)
- Profit before tax, year-ago quarter31.26 (Rs. In Crore)
- Profit before tax, previous quarter9.83 (Rs. In Crore)
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