Pande cited his resignation due to some personal reasons. He will continue to act as whole time director of the company until the acceptance of his resignation from the board.
Dhampur Sugar Mills is engaged mainly in the manufacturing and selling of sugar, chemicals, ethanol and co-generation and sale of power.
The company's consolidated net profit rose 26.5% to Rs 45.18 crore on 12.8% increase in net sales to Rs 782.90 crore in Q1 FY24 over Q1 FY23.
The scrip declined 0.92% to Rs 301.30 on the BSE.
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