Dollex Agrotech Limited
33.95
INR
-2.53
(-6.94%)
Dollex Agrotech Limited
BSE:DOLLEX
(Bombay Stock Exchange)
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33.95
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- Dollex Agrotech Ltd. is an India-based sugar manufacturing and trading company with captive power co-generation capabilities. The company produces primary products including jaggery powder, khandsari sugar, and pharma-grade sugar; and sells by-products such as molasses, press mud, and bagasse, the latter of which is utilized for power generation up to 3 MW at its plant. Its manufacturing facility, with a crushing capacity of 2,500 tonnes of cane per day (TCD), is located at Village Erai, Tehsil Badoni Khurd, District Datia, Madhya Pradesh. Incorporated on June 10, 2013, under the Companies Act, 1956, as a private limited company, Dollex Agrotech converted to a public limited company in May 2022 following a special resolution and fresh certificate of incorporation from the Registrar of Companies, Gwalior. Headquartered in Indore, Madhya Pradesh, the company operates primarily in the sugar and agrotech industry segments, serving domestic markets through trading and manufacturing activities. In recent developments, Dollex Agrotech completed a rights issue of up to INR 49.44 crore (approximately 1.498 crore equity shares at INR 33 each) from May 21 to June 10, 2025, with a record date of May 14, 2025, to support working capital, corporate purposes, and expansion initiatives. The board approved this fundraising at its meeting on May 8, 2025, alongside other disclosures under SEBI regulations. Additionally, the company holds in-principle approval from the Government of India's Department of Food & Public Distribution for a 200 KLPD distillery and plans ethanol production under the Ethanol Blending Programme, though commencement of the ethanol project faced delays as of late 2025; a government policy change on September 1, 2025, removed sugar diversion restrictions for ethanol production from ESY 2025-26 onward. The company listed on NSE Emerge following its SME IPO in December 2022.