Balancesheet - Dalmia Bharat Sugar and Industries Ltd.

Particulars Mar'10 Mar'09 Mar'08Mar'07 Mar'06

Liabilities 12 Months 12 Months 12 Months 12 Months 12 MonthsShare Capital 16.19 16.19 16.17 8.55 7.65Reserves & Surplus 1,307.60 1,189.38 1,058.62 666.35 334.24Net Worth 1,377.64 1,268.20 1,147.14 753.48 428.27

Secured Loans 2,740.20 1,901.98 1,050.07 930.63 624.61Unsecured Loans 110.21 436.29 533.27 83.96 58.57TOTAL LIABILITIES 4,228.05 3,606.46 2,730.48 1,768.07 1,111.44Assets

Gross Block 3,373.62 2,618.42 1,882.98 1,697.08 1,044.58(-) Acc. Depreciation 789.45 649.29 558.26 469.93 414.02Net Block 2,530.31 1,906.49 1,252.37 1,148.56 544.18

Capital Work in Progress. 247.58 697.47 501.30 116.48 158.03Investments. 800.98 667.54 613.83 378.56 175.28Inventories 707.40 530.91 491.60 197.54 191.68Sundry Debtors 213.82 214.05 105.06 82.08 59.75Cash And Bank 210.85 54.72 87.04 103.76 58.90Loans And Advances 257.51 344.06 436.52 295.84 148.69Total Current Assets 1,389.58 1,143.74 1,120.22 679.23 459.03

Current Liabilities 778.92 846.35 714.65 578.38 279.54Provisions 15.34 25.06 114.94 54.97 32.59Total Current Liabilities 794.25 871.41 829.59 633.35 312.13NET CURRENT ASSETS 595.33 272.33 290.63 45.88 146.90

Misc. Expenses 0.00 0.00 0.00 0.00 0.67TOTAL ASSETS (A+B+C+D+E) 4,228.05 3,606.46 2,730.48 1,768.07 1,111.44

Director Report

Mar2009   Mar 2010

The Directors have pleasure in submitting the Annual Report and Audited Statements of Account of the Company for the year ended 31st March, 2010.

FINANCIAL RESULTS

(Rs. in Million)

FY-10 FY-09

Net Sales Turnover 21543 17536

Profit before interest,

depreciation and tax (EBITDA) 5117 4941

Less: Interest and Financial Charge 1756 1469

Profit before depreciation

andtax(PBDT) 3361 3472

Less: Depreciation 1320 872

Profit before tax (PBT) 2041 2600 Provision for current tax 67 337 Provision for deferred tax 604 657 Fringe Benefit tax - 20

Profit after tax (PAT) 1370 1586

Add: (i) Surplus brought forward 7091 6118

(ii)Transfer from DebentureRedemption Reserve 125 -

Profit available for appropriation 8586 7704

APPROPRIATIONS:

General Reserve 200 200

Debenture Redemption

Reserve (net) 129 129

Interim/Proposed Dividend 162 243

Dividend Distribution tax thereon 27 47

Balance carried forward 8068 7091

8586 704 DIVIDEND

Your Directors had disbursed an interim dividend amounting to Re. 1/-per equity share of face value of Rs. 21- each in February, 2010. Inaddition to the interim dividend, your Directors have decided torecommend a final dividend amounting to Re. 1 /- per equity share ofthe face value of Rs. 21- each, thus making the total dividend payoutfor the year Rs. 21- perequityshareasagainstRs.3/-perequitysharelastyear.

OPERATIONS AND BUSINESS PERFORMANCE

Please refer to the chapter on Management Discussion and Analysis for adetailed analysis of the performance of the Company during 2009-10. Inaddition, working results for key businesses have been provided as anannexure to thisreport(Annexure-A).

SCHEME OF ARRANGEMENT

With a view to effectively and efficiently cater to the growth plans ofthe business segments, the Board of Directors of the Company haveapproved a Scheme of Arrangement whereby the refractory, cement and thecaptive thermal power businesses are being demerged into Dalmia BharatEnterprises Limited, a wholly ownedsubsidiaryoftheCompanyandthereafter,thecementandcaptive thermal power businesses are being transferred, respectively,to Avnija Properties Limited and DCB Power Ventures Limited, two othersubsidiaries of the Company. In consideration of the demerger of thebusinesses, Dalmia Bharat Enterprises Limited will be issuing oneEquity Share of Rs. 21- each for every one Equity Share of Rs. 21-each held by the Members of the Company as on the record date to beannounced for such purposes.

CORPORATE GOVERNANCE

The Companys corporate governance practices have been detailed in aseparate chapter and is annexed to and forms part of this Report. TheAuditors certificate on the compliance of Corporate Governance Codeembodied in Clause 49 of the Listing Agreement is also attached asannexure and forms part of this Report.

LISTING OF SHARES

The Companys shares continue to be listed on the Madras StockExchange, National Stock Exchange and Bombay StockExchange.

INDUSTRIAL RELATIONS

The industrial relations during the year under review remainedharmonious and cordial. The Directors wish to place on record theirappreciation for the excellent cooperation received from all employeesat various units of the Company.

EMPLOYEES PARTICULARS

The statement giving particulars of employees who were in receipt ofremuneration in excess of the limits prescribed under Section 217(2A)of the Companies Act, 1956 read with the Rules and Notifications madethereunder, is annexed. However, in terms of the proviso (b)(iv) toSection 219(1) of the Companies Act, 1956 the Report and Accounts arebeing sent to the Members excluding the aforesaid Annexure. Any Memberinterested in obtaining copy of the same may write to the CompanySecretaryatthe Registered Office.

ENERGY CONSERVATION, TECHNOLOGY ABSORPTION AND FOREIGN EXCHANGETRANSACTIONS

A statement giving details of Conservation of Energy, TechnologyAbsorption and Foreign Exchange transactions, in accordance with theCompanies (Disclosure of particulars in the Report of the Board ofDirectors) Rules, 1988,formsapartofthisreportasAnnexure-B.

SUBSIDIARIES

The Central Government vide their letter No. 47/255/2010- CL III, dated15-4-2010 has exempted the Company in terms of Section 212(8) of theCompanies Act, 1956, from attaching the Annual Reports of itsSubsidiaries. Accordingly,theDirectorsReportandaudited accounts ofthe Companys Subsidiaries, Kanika Investment Limited, IshitaProperties Limited, Shri Rangam Properties Limited, Geetee EstatesLimited, D.I. Properties Limited, Avnija Properties Limited, HemshilaProperties Limited, Himshikhar Investment Limited,ArjunaBrokers&Minerals Limited, Shri Radha Krishna Brokers & HoldingsLimited, Dalmia Solar Power Limited (formerly: Shri Rangam Brokers &Holdings Limited), Dalmia Minerals & Properties

Limited, Dalmia Power Limited (formerly: Seeta Estates & BrokersLimited), Dalmia Bharat Enterprises Limited (formerly: Sri Kesava Mines& Minerals Limited), Sri Shanmugha Mines & Minerals Limited, SriSubramanya Mines & Minerals Limited, Sri Swaminatha Mines & MineralsLimited, DCB Power Ventures Limited (formerly: Sri Madhava Minerals &Properties Limited), Sri Dhandauthapani Mines & Minerals Limited, SriMadhusudana Mines and Properties Limited, Sri Trivikrama Mines andProperties Limited, Dalmia Sugar Ventures Limited, and ultimatesubsidiaries, Dalmia Cement Ventures Limited, Cosmos Cements Limited,Sutnga Mines Private Limited, Rajputana Properties Private Limited and

Golden Hills Resort Private Limited for the year ended 31st March 2010are not being enclosed with this Annual Report. Any Member desiring toinspect the detailed Annual Reports of any of the aforementionedsubsidiaries mayinspectthesameatthe Head Officeofthe Company and thatof the subsidiaries concerned. In event a Member desires to obtain acopy of the Annual Report of any of the aforementioned subsidiaries, hemay write to the Registered Office of the Company specifying the nameof the subsidiary whose Annual Report is required. The Company shallsupply a copy of such Annual Report to such Member. The Annual Reportof the aforementioned Subsidiaries are available at the Companyswebsite www.dalmiacement.com.

Avnija Properties Limited (APL), a wholly owned subsidiary of thisCompany, into which it is proposed to demerge the cement business, hasentered into definitive agreements with M/s. KKR Mauritius Limited(KKR) under which fresh equity subscription will be infused into APL tothe extent of Rs.7,500million,intranches,foranequitystakeofupto21%.The investment by KKR will be subject to necessary approvals andfulfilment of the agreed conditions precedent. Besides aforementioned,the definitive agreements also contain covenants on affirmative rightsto KKR, appointment of nominee directors in APL and exit optionincluding through Initial PublicOffering by APL.

FIXED DEPOSITS

The total amount of deposits remaining due for payment and not claimedby the depositors as on 31 st March 2010 was Rs. 1.08 million inrespect of 14 depositors. None of the depositors have approached theCompany for renewal/repayment of deposits till date.

DIRECTORS

The following Directors retire by rotation at the ensuing AnnualGeneral Meeting:.

1. ShriT.Venkatesan;

2. ShriM.H. Dalmia; and

3. ShriN.Gopalaswamy

Shri Asanka Rodrigo was appointed as an Alternate Director to act inplace of Shri Donald M. Peck in the Board Meeting held on 18-3-2010.

Shareholdings in the Company by its Directors as at 31-3-

2010,areasunder:

Name of the Director No. of Shares of Rs. 21- each held

Shri J.H. Dalmia 16,35,010

Shri Y.H. Dalmia 602,380

Shri Gautam Dalmia 6,77,290

Shri Puneet Dalmia 7,42,055

ShriT.Venkatesan 2,000

CONSOLIDATED FINANCIAL STATEMENTS

In compliance with the Accounting Standard 21 on Consolidated FinancialStatements, this Annual Report also includes Consolidated FinancialStatements for the financial year 2009-10.

CEO/CFO REPORT ON ACCOUNTS

As required under clause 49 of the Listing Agreement, the CEO/CFOsReport on the Accounts is attached.

DIRECTORS RESPONSIBILITY STATEMENT

In terms of the provisions of Section 217(2AA) of the Companies Act,1956your Directors declare that:

a) in the preparation of the annual accounts, the applicable AccountingStandards have been followed and no departures have been made therefrom;

b) the Directors had selected such accounting policies and applied themconsistently and made judgements and estimatesthatarereasonableandprudentsoas to give a true and fair view of thestate of affairs of the Company at the end of the financial year and ofthe profitoftheCompanyforthatperiod;

c) the Directors had taken proper and sufficient care for themaintenance of adequate accounting records in accordance with theprovisions of the Act for safeguarding the assets of the Company andfor preventing and detecting frauds and other irregularities;and

d) the Directors had prepared the annual accounts on a going concernbasis.

AUDITORS

M/s. S.S. Kothari Mehta & Co., Chartered Accountants and M/s. S.R.Batliboi & Co., Chartered Accountants, the Joint Auditors of theCompany retire at the conclusion of the ensuing Annual General Meetingand are eligible for re- appointment. As required under Section 224 ofthe Companies Act, 1956, the Company has obtained from both of them acertificate to the effect that their re- appointment, if made, would bein conformity with the limits prescribed in the said Section.

For and on behalf of the Board

Place: NEW DELHI

Dated:May26,2010 CHAIRMAN

DALMIASUG- Key Fundamentals

Market Cap (Rs Cr.):212

EPS - TTM (Rs):-3.51

P/E Ratio (x):-7.36

Face Value (Rs):2.00

Latest Div. (%):50.00

Div. Yield (%):7.67

Book Value / sh. (Rs) :163.06

P/B Ratio (x):0.16

Competitors: Sugar - IntegratedSYMBOL

PRICE

%CHANGE

VOLUME

Ugar Sugar Works Ltd.

15.95

0.31%

9542

Sakthi Sugars Ltd.

39.55

2.10%

36218

Rajshree Sugars & Chemicals Ltd.

57.40

1.71%

764

DCM Shriram Industries Ltd.

68.55

0.58%

4726

Mawana Sugars Ltd.(Old)

27.90

0%

83983

Simbhaoli Sugars Ltd.

44.80

0.90%

10349

Thiru Arooran Sugars Ltd.

91.35

2.81%

1096

Dharani Sugars & Chemicals Ltd.

33.00

3.93%

714

Piccadily Agro Industries Ltd.

36.45

0.13%

17907

Upper Ganges Sugar & Industries

54.70

1.86%

6328

Dhampur Sugar Mills Ltd.

70.00

0.21%

46995

DALMIASUG- Shareholding Pattern

No. of Shares

% Holding

Promoters 4.72Cr. 58.08%

General Public 0.89 Cr. 10.91%

Other Companies 0.81 Cr. 9.97%

DALMIASUG- Financials

Q3 / 2010

Ann 2010

Total Income Cr. 186 2,186

EBIT Cr. 29 376

Pat(cr) 12 137

Eps(rs) 1.45 16.92

Management

Name DesignationAsanka Rodrigo Alternate DirectorDonald M Peck Ind. Non-Executive DirectorG N Bajpai Ind. Non-Executive DirectorGautam Dalmia CEOGautam Dalmia Managing DirectorJ S Baijal Ind. Non-Executive DirectorJai Hari Dalmia Vice ChairmanK V Mohan Co. Secretary & Compl. OfficerK V Mohan SecretaryM Raghupathy Ind. Non-Executive DirectorMridu Hari Dalmia Non Executive DirectorN Gopalaswamy Non Executive DirectorPradip Kumar Khaitan Chairman & Non-Exe.DirectorPuneet Dalmia Chief Executive OfficerPuneet Dalmia Managing DirectorT Venkatesan Whole Time DirectorV Sundararaj Sr. Manager(Accounts)& Compl. OfficerVipin Agarwal Chief Financial Officer

Yadu Hari DalmiaVice Chairman

Company History - Dalmia Bharat Sugar

YEAR EVENTS 1951 - The Company was Incorporated in the State of Tamilnadu. With its Reg.office at Dalmiapuram, Tiruchirappalli, Tamilnadu-621651

- The Company's object is to manufacture cement, drainage pipes, pipes for water supply and irrigation, culverts, porcelain sanitary ware, insulated acid resisting tiles, radios, record players, tape recorders and allied instruments. The products are sold under the name `Dalmia'.

1955 - Nominal value of 59,307 preference shares of Rs.100 each and 10,59,919 No. of equity shares of Rs.10 each reduced to Rs.40 and Rs.2.50 each respectively. 69 preference and 81 No. of equity shares issued.

1956 - In October 3,56,250 right preference shares of Rs.10 each and 31,80,000 right equity shares of Rs.2.50 each offered in prop. 6 new pref. : 1 pref. Rs.40 and 3 new equity : 1 equity of Rs.2.50.

1957 - 4 equity shares of Rs.2.50 each consolidated into one equity share of Rs.10 each.

1958 - Preference shares of Rs.100 and Rs.40 sub-divided into preference shares of Rs.10 each.

1959 - 2,17,788 rights equity shares of Rs.10 each issued at par prop.1 new equity share against paid up. Value of existing equity and or deferred shares of Rs.60 or part thereof.

1962 - The Magnesite Corporation of India Ltd., a wholly owned subsidiary and manufacturing dead-burns magnesite at its plant in Salem was amalgamated with the Company on 1st January, 1964.

1963 - 49,925 pref. and 74,965 No. of equity shares allotted without payment in cash to members of the Magnesite, Corpn. of India, Ltd on its merger in prop. 1:1 (pref.) and 1:1 (equity).

1964 - Defd. shares converted. 1,25,000 No. of equity shares of Rs.10 each issued to the holders of 5 lakh Defd. Shares in prop. 1:4 by capitalising the amount from the Reserve fund.

1965 - In November, the Company purchased a cashew factory at Kundara in Kerala state. The Cashew business is carried on by the company under the name and style of Dalmia International.

1967 - The export business was extended to other commodities like coffee walnuts and black pepper.

- In April, 7,43,986 Bonus equity shares issued in the prop. 2:5.

1968 - 2,62,908 pref. shares cancelled and converted into 1,96,431 No. of equity shares on 2nd December.

1969 - 91,968 pref. shares cancelled and converted into 68,976 No. of equity shares on 22nd August.

1970 - The Company set up a travel agency business in New Delhi under the name and style of `Govan Travels' and it was recognised by the International Air Transport Association and also by the Department of Tourism, Ministry of Tourism and Civil Aviation, Govt. of India. Branch offices were opened at Mumbai and Chennai in 1971.

1975 - Dalmia Dairy Industries, Ltd. (formerly Dalmia Cement, Ltd.) ceased to be a subsidiary of the Company with effect from 31st January.

1976 - A new office was opened at Cochin in May.

1978 - The Company was compelled to close its cargo business.

1980 - The possession of the Ballabhgarh factory of the erstwhile Telesound India, Ltd. was taken from the Receiver from December.

- The Company introduced new stereo systems.

- Telesound India Ltd. (TIL) (formerly Telefunken India Ltd.) was amalgamated with the company with the company with effect from 1st January.

- In terms of the scheme of Amalgamation approved by the High Court of Delhi and Chennai, the Company allotted 1,91,985 - 11% cumulative redeemable preference shares of Rs.10 each to the former shareholders of TIL. TIL was a sick unit and was manufacturing radio receivers. After amalgamation, the manufacturing unit of TIL at Ballabhgarh became the Electronics Division of the Company under the name and style of "Dalmia Electronics Corporation".

1983 - The land and buildings at Ballabhgarh, New Delhi and Mumbai were revalued as on 31st December. The net surplus arising out of this was credited to revaluation reserve.

1985 - The operation of the cement division suffered due to power cuts and rise in the costs of coal and power.

- The captive diesel generating sets installed, which were originally conceived as a stand-by arrangement, had to be run throughout the year.

- Production and sales registered substantial improvement due to increased offtake of dead-burnt magnesite by refractory industry.

- The Kerala Government issued a notice for acquisition of the cashew processing unit and took possession of the unit on 20th February.

- The Company challenged the acquisition of the cashew processing unit through a writ petition before the Kerala High Court and obtained a stay.

1986 - The magnesite ore beneficiation plant was commissioned in March. The mining lease of the Company's magnesite mines was due to expire during the year.

- In January, it was decided to suspend further activities of the merchant exports division due to the division's continued unsatisfactory performance.

- Due to continued pressure of competition from kit-technology, the desired level of production and sales could not be achieved.

1987 - Both production and sales were adversely affected because of strike by workers for almost 45 days.

- The Company proposed to install a new mill house in view of the long term monoliths requirements.

- Two new Hi-Fi Ampli cassette deck music systems were introduced.

1988 - Production and sales were adversely affected due to non-availability of acceptable quality of raw magnesite in sufficient quantity from the mines.

- The Company executed a joint venture agreement with Industrial Promotion and Investment Corporation of Orissa Ltd. (IPICOL) for the manufacture of 100,000 TPA of pig iron.

1989 - Production and sales of dead-burnt magnesite did not improve much due to non-availability of acceptable quantity of raw magnesite in the Company's mines.

- Due to high level of already existing clinker, stock production had to be curtailed to avoid building up to stocks to unduly high levels.

- As a measure of cost reduction and conservation of energy, a ship power recovery system was commissioned during the year. `O' sepa high efficiency separator for cement mill was installed and an order was placed for kiln supervisory control system.

- Production and despatch of cement did not improve due to prevailing competition, oil crisis and short supply of wagons.

1990 - Colour television was introduced and new economical design Hi-Fi Ampli Cassette Deck Music systems were introduced towards the end of the year.

- Serious disturbances in the Northern part of the country and the Gulf war affected the tourist season and the foreign exchange earnings suffered a set back.

- The multilayer ceramic capacitor plant was commissioned after receipt of requisite clearance from the State Pollution Control Board.

1991 - The Company installed one 4.3 MW imported diesel generator that could run on heavy fuel oil. Steps were taken to automate cement grind control for cement mills.

- The Company proposed to put up a Wind Mill Farm in Tamilnadu for producing power by using wind energy to be used in the cement unit.

- New models Hi-Fi Ampli cassette deck music system were introduced.

- Colour Televisions based on ET & T design were produced in small quantities.

- Approvals from Bharat Electronics and Electronics Corporation of India, Ltd. was received.

- The Company had signed a Memorandum of Understanding with Gujarat Mineral Development Corporation Ltd., to jointly implement a project for manufacturing cement based on lignite fuel and limestone deposits available in Kutch district of Gujarat.

- 28,69,358 bonus shares issued in prop. 1:1.

1992 - Due to sharp decline in new orders from Departul of telecommunication for new exchanges, orders for components from Original Equipment Manufacturers declined sharply.

1993 - Introduction of many new black and white TV models.

- During April, the first phase of a wind mill farm for producing 2.25 MW of electricity was commissioned.

- Effective 1st April, Vivek Ganna Ltd., were merged with the company. The Company took over implementation of its 2500 tonnes sugar project at Ramgarh at in Sitapur district of UP under the name and style of `Ramgarh Chain Mills'. Efforts were on to commission the plant during 1994-95 sugar season.

- Shri Rangam Investment Co., Ltd., Poonam Finance, Ltd., Anupama Investment Ltd., Kanika Investment, Ltd. and Surya Finance Ltd. are wholly owned subsidiaries of the Company.

- 19,12,905 bonus equity shares allotted in prop. 1:3.

1994 - Both production and despatches had gone up due to increased demand for cement in Kerala and Tamil Nadu.

- The Company has iron ore mines in the Bellary Hospet area.

- Demand for dead burnt magnesite continued to be low due to less orders from integrated steel plants. During the year Forsterite bricks were developed.

- The Dalmia Electronics Corporation unit proposed to develop and launch many new audio models in November.

- A wide range of new audio products were introduced.

- The sugar unit was commissioned in the last week of December. Delay in the commissioning of the second boiler resulted in low crushing.

1995 - Chip Resistor plant orders were placed during the year.

- Production and sales of dead burn magnesite and Monoliths were affected for 33 days in April and May due to strike by workers.

1996 - Sales were affected due to reduced demand from steel and refractory manufacturers coupled with severe competition from import of Dead Burnt Magnesite also affected sales.

- Production and sales of Audito products declined due to competition from overseas producers.

1997 - Sales were affected due to recession in the Steel Industry and stoppage of the plant for about 100 days.

- Dalmia Cement Bharat (India) Limited has proposed to the Karnataka Government to increase the capacity of its proposed foundry grade pig iron plant in Rani Bennur district of Karnataka.

- The mining activity at the Hospet unit of the company has been suspended consequent to the interim order of the Supreme Court to stop mining in the forest area.

1998 - The company has also set up sugar plant in Uttar Pradesh, which is being expanded, with cane crushing of 2,500 tonnes per day.

- Icra has assigned a double-A rating to the Rs 50 crore long-term non-convertible debenture programme of Dalmia Cement Bharat Ltd, indicating high safety. The medium- and short-term ratings have also been reaffirmed at MAA+ and A1+.

- The company has planned to increase the capacity to 230,000 tonnes per annum (tpa) from the initial 180,000 tpa.

- The company is also seeking a technical collaboration from Shougang of China.

1999 - The Rs 290-crore (Rs 100 crore = Rs 1 billion) Dalmia Cement (Bharat) Ltd is on the lookout for strategic alliances including acquisitions and joint ventures to be set up in the near future.

- Dalmia Cement's fixed deposit programme is open for subscription. It has a MAA+ rating from ICRA.

2000 - Dalmia Cement (Bharat) Ltd has introduced Dalmia Vajram Cement.

- Mr. S. Ravi, Nominee Director of Indian Renewable nergy Development Agnecy Ltd, has withdrawn from the board effective from 7th September.

2002

-Expands its capacity stands from 10.34 lakh TPY to 12.34 lakh TPY.

2003

-RBI notifies NRI's and people of Indian Origin not to purchase the shares of the company without obtaining prior clearance from the regulator.

2008

- Dalmia Cement Bharat Ltd has inducted Shri. G N Bajpai as a Director of the Company, subject to approval of Central Government under section 259 of the Companies Act, 1956.

Company Background

Industry Name: Sugar - Integrated

House Name: Not Applicable

Incorporation Date:

Face Value: 2.0

ISIN: INE495A01022

Market Lot: 1

The Listing Page of Dalmia Bharat Sugar and Industries Ltd. presents the Key Dates, Key Listing information, Indices it is a part of, and the Exchanges where the company is listedKey DatesIncorporation Date Public Issue Date Year Ending Month -MarchAGM Month -AugustBook Closure Start Date -20/08/2010Book Closure End Date -27/08/2010

Listing Information

Face Value 2.0Market Lot Of Equity Shares 1BSE Code 500097BSE Group B The compnay forms a part of following indices –

BSE Small-Cap IndexCNX Midcap 200 Index (200 Cos) Listed On

Bangalore Stock Exchange Ltd.Calcutta Stock Exchange Association Ltd.Delhi Stock Exchange Assoc. Ltd.Madras Stock Exchange Ltd.,National Stock Exchange of India Ltd.The Stock Exchange, Mumbai-

Competitors

COMPANYSYMBOLDalmia Bharat Sugar and Industries Ltd. DALCEM

Bajaj Hindustan Ltd. BAJHIN

Balrampur Chini Mills Ltd. BALCHI

Belapur Industries Ltd. BELIND

DCM Shriram Industries Ltd. DCMSHI

Dhampur Sugar Mills Ltd. DHASUG

Dhampure Specialty Sugars Ltd. DHASPE

13862

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