Board Meeting28 Jul 2026, 04:50 pm
Davangere Sugar Increases Authorized Capital to ₹450 Cr
AI Summary
Davangere Sugar Company Ltd announced an increase in its authorized share capital from ₹200 Crore to ₹450 Crore. The board also approved the appointment of Mr. Krishna Murthy as the Cost Auditor for FY 2026-27 and the conversion of loans into equity shares and/or convertible warrants. Additionally, the company plans to incorporate overseas step-down wholly-owned subsidiary companies. These decisions are subject to shareholder and regulatory approvals.
Key Highlights
- Authorized share capital increased to ₹450 Crore.
- Cost Auditor appointed for FY 2026-27.
- Board approved loan conversion to equity/warrants.
- Plans to incorporate overseas subsidiaries.
- Decisions subject to shareholder and regulatory approvals.
Price Impact
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