Davangere Sugar: BSE, NSE approve promoter reclassification

Davangere Sugar Company Ltd has received approval from BSE and NSE for the reclassification of two erstwhile promoter shareholders, S S Mallikarjuna and S B Murugesh, to the "Public" category. The company submitted applications in October 2024, with approvals granted on April 9, 2026, under Regulation 31A of SEBI (LODR) Regulations, 2015. Consequently, these individuals will cease to be part of the Promoter and Promoter Group. Post-reclassification, the promoter holding decreased from 41.78% to 41.63%, while public holding increased from 58.22% to 58.37%. The reclassification specifically involved 2,081,740 shares (0.15% shareholding) held by S S Mallikarjuna.