Dalmia Bharat Sugar and Industries Share Price Plunges; CFO Piyush Gupta Resigns, Sandeep Garg Appointed

Dalmia Bharat Sugar and Industries Ltd has announced a change in its finance leadership. The company said its board of directors, at a meeting held on 5 March 2026, accepted the resignation of Chief Financial Officer Piyush Gupta. 

Gupta stepped down from the position of CFO and Key Managerial Personnel with effect from the same date. The company informed the stock exchanges about the development via an exchange filing dated March 5, 2026.  

Resignation Cited for Personal Reasons 

In his resignation letter dated 4 March 2026, Gupta stated that he was stepping down from the role due to personal reasons.  

He also mentioned that he would cooperate with the company in completing the necessary formalities and assist during the transition period after his departure.  

The company acknowledged his contributions during his tenure as CFO. His exit formally took effect on 5 March 2026 after the board accepted the resignation.  

Sandeep Garg Named as New CFO 

Following the resignation, the board appointed Sandeep Garg as the new Chief Financial Officer of the company. The decision was taken after considering recommendations from the Nomination and Remuneration Committee and the Audit Committee, as per the filing. 

Garg has also been designated as a Key Managerial Personnel of the company. His appointment took effect from 5 March 2026, the same day Gupta ceased to hold the position.  

Experience Across Finance and Global Operations 

Sandeep Garg is a Chartered Accountant and has more than 25 years of experience in finance and business operations across multinational and promoter-led companies. 

Prior to joining Dalmia Bharat Sugar and Industries, he served as Group Chief Financial Officer at SLMG Beverages Pvt Ltd, an independent bottler of Coca-Cola in India.  

Earlier in his career, Garg headed finance for Bajaj Auto Ltd’s international business with operations across around 90 countries and a turnover of about ₹17,000 crore.  

He has also worked with Coca-Cola India, Whirlpool of India and Bharti Airtel in roles covering financial reporting, planning and business finance.  

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Dalmia Bharat Sugar and Industries Share Price Performance  

As of March 5, 2026, 11:57 am, Dalmia Bharat Sugar and Industries share price was trading at ₹315.25, a 2.04% decrease from the previous closing price. 

Conclusion 

With the change in leadership, Sandeep Garg will now oversee the finance function at Dalmia Bharat Sugar and Industries following the resignation of Piyush Gupta. The transition took effect on 5 March 2026 after approval by the company’s board. 

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