Davangere Sugar Board to Consider FCCB Issuance on July 2, 2026

Davangere Sugar Company Ltd has announced that its Board of Directors will convene on July 2, 2026. The primary agenda item is to consider and approve a proposal for the issuance of Unsecured Foreign Currency Convertible Bonds (FCCBs). This move follows shareholder approval obtained in an Extra-Ordinary General Meeting on April 24, 2026, and in-principle approvals from BSE Limited and the National Stock Exchange of India Limited on June 10, 2026. The issuance is subject to obtaining all necessary regulatory and statutory approvals.