Shares of Dhampur Bio Organics rose nearly 2% to ₹69.03 in Wednesday’s trade after the company’s board approved a key corporate restructuring move.
The board, in its meeting held on April 2, 2025, cleared a proposal to change the company’s name from “Dhampur Bio Organics Limited” to “Divija Bio Organics Limited.” The name change will be subject to shareholder approval. Along with the rebranding, relevant changes will be made to the Memorandum and Articles of Association.
Additionally, the board has approved the launch of an Employees Stock Option Scheme (ESOS 2025), covering up to 33.19 lakh equity shares. The board also noted the expansion of its country liquor plant capacity at the Asmoli unit in Uttar Pradesh to 8 million cases annually.
The stock touched an intraday high of ₹69.03, with a previous close of ₹67.68, and a market cap of ₹4.49 billion.
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