Davangere Sugar Company Ltd

Davangere Sugar Company Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from July 01, 2026, and will reopen 48 hours after the declaration of the Unaudited Financial Results for the quarter ended June 30, 2026. All designated persons and insiders are prohibited from trading during this period. The date for the board meeting to approve these financial results will be communicated separately.

Davangere Sugar Company Ltd has received in-principle approval from BSE and NSE for issuing Foreign Currency Convertible Bonds (FCCBs) up to USD 100 Million. This move is part of the company's strategic corporate updates and global expansion. Additionally, the company has incorporated a wholly-owned subsidiary in London, United Kingdom, named AUREVANT GLOBAL LIMITED, to focus on ethanol and sugar products. The subsidiary was incorporated on June 4, 2026, with an initial cash consideration of 1000 GBP.

Davangere Sugar Company Ltd's Board of Directors approved the audited financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026. The audit report was issued by M/s DGMS & Co., Statutory Auditors. The board meeting commenced at 05:00 P.M. (IST) and concluded at 05:30 P.M. (IST).

Davangere Sugar Company Ltd has announced its audited financial results for the quarter and year ended March 31, 2026. The Board of Directors approved the results in their meeting held on May 29, 2026. The audit report was issued by M/s DGMS & Co., Statutory Auditors of the Company. The Board meeting commenced at 05:00 P.M. (IST) and concluded on 05:30 P.M. (IST).

Davangere Sugar Company Ltd has announced a Board of Directors meeting scheduled for May 29, 2026, to consider and approve the standalone audited financial results for the quarter and year ended March 31, 2026. An audit committee meeting will precede the board meeting to review these financial results. The trading window for dealing in the company's securities has been closed and will reopen 48 hours after the announcement of the financial results.

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.

Davangere Sugar Company Ltd. has announced an Extraordinary General Meeting (EGM) scheduled for April 24, 2026. The meeting will be held at Thogataveera Samudhaya Bhavana, M.C.C. ‘A’ Block, Davangere – 577 004 at 11.30 a.m. The EGM notice includes two special resolutions: an increase in the authorised share capital from Rs. 150,00,00,000 to Rs. 200,00,00,000 and an alteration of the capital clause of the Memorandum of Association. The e-voting for these resolutions will commence on Tuesday, April 21, 2026 at 9:00 a.m. and will end on Thursday, April 23, 2026 at 5:00 p.m.

Davangere Sugar Company Ltd. has announced its decision to expand the distillery production capacity, as approved by its Board of Directors in a meeting held on March 30, 2026. The expansion will add 85 KLDP to the existing capacity of 65 KLDP, with a proposed investment of Rs. 127.50 Crores. The company plans to finance this expansion through FCCB Funding. The rationale behind this move is to capitalize on the rising ethanol demand and supportive government policies.

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.

Davangere Sugar Company Ltd has announced the closure of its trading window for the quarter and year ending March 31, 2026. This closure is in accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The trading window will reopen 48 hours after the declaration of the audited financial results for the same period. All designated persons, their immediate relatives, and other insiders are advised not to deal in the company's securities during this period. The date of the board meeting to consider the audited financial results will be intimated separately.