Dhampur Sugar Mills reports hike in profits

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Dhampur Sugars released a financial report on July 27 for the quarter ended June and reported a 26 per cent increase in its consolidated net profit at Rs 39.30 crore.

As per the regulatory filing, the company’s net profit was Rs 31.13 crore in the year-ago period

During the first quarter of this fiscal year, the company’s total income increased to Rs 833.94 crore. The total income of the company during the same period in the preceding year was Rs 545.07 crore.

The board has approved the appointment of Pallavi Khandelwal as an additional (non-executive) independent director and Anant Pande, chief executive officer of the company, as a whole-time director of the company. The board approved the resignations of Nandita Chaturvedi, a non-executive independent director, and Akshat Kapoor as a whole-time director of the company.

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