Davangere Sugar Company Ltd. Approves Fund Raising of USD 100 Million and Capacity Expansion

Davangere Sugar Company Ltd. announced the outcomes of its Board of Directors meeting held on March 30, 2026. The company has approved the raising of funds up to USD 100 Million through various instruments, including FCCB, ECB, convertible bonds, debentures, warrants, or any other equity-linked securities. The company also plans to increase its authorized share capital from Rs. 150,00,00,000 to Rs. 200,00,00,000 and amend the Capital Clause of its Memorandum of Association. Furthermore, the company has approved an addition to its existing distillery capacity of production by 85 KLDP within 18 months, requiring an investment of Rs. 127.50 Crores through FCCB funding.