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 the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be shut from October 01, 2026, and will reopen 48 hours after the declaration of the unaudited financial results for the quarter and half-year ended September 30, 2026. All designated persons and insiders are prohibited from trading during this period. The date of the board meeting to approve these financial results will be communicated separately.

Davangere Sugar Company Ltd has issued a corrigendum to its Annual General Meeting (AGM) notice dated August 14, 2026. The corrigendum clarifies the weblink for shareholders and stakeholders to access the PCS Certificate and valuation report from an independent registered valuer. These documents pertain to the valuation of equity shares and fully convertible warrants as per SEBI regulations. The updated points 15 and 16 of the explanatory statement for Item No. 8 are reproduced, providing specific details on the preferential issue and the issue price determination. The corrigendum will be an integral part of the original AGM notice.

Davangere Sugar Company Ltd has approved the allotment of 26,59,05,000 fully paid-up equity shares of face value INR 1/- each at a conversion price of INR 3.60/- per share. This allotment is a consequence of the conversion of 100 Unsecured Foreign Currency Convertible Bonds (FCCBs) with a principal value of USD 10,000,000. The conversion was based on notices received from FCCB holders M/s. Wave Capital Limited, M/s Emerging Market Opportunities Ltd, and M/s Global Focus Fund. Following this conversion, the company's paid-up equity share capital has increased to INR 169,58,95,798. Additionally, 900 FCCBs remain outstanding post-conversion.

Davangere Sugar Company Ltd has announced its 55th Annual General Meeting (AGM) for the Financial Year 2025-26. The AGM is scheduled for Saturday, September 12, 2026, at 11:00 AM IST, to be held at Thogataveera Samudhaya Bhavana, Davangere. The company is distributing its Annual Report and AGM Notice electronically to members with registered email addresses, and via a web-link for others. The report details the company's performance, corporate overview, statutory reports, and financial statements for FY 2025-26. The filing also highlights the growing Indian ethanol market and Davangere Sugar's historical context since its incorporation in 1970.

Davangere Sugar Company Ltd has announced its 55th Annual General Meeting (AGM) will be held on Saturday, September 12, 2026, at 11:00 AM IST at Thogataveera Samudhaya Bhavana, Davangere. The meeting agenda includes the adoption of audited financial statements for the fiscal year ended March 31, 2026, the re-appointment of a director retiring by rotation, and the appointment of M/s. D G M S & Co. as statutory auditors for five years. Additionally, the AGM will ratify the remuneration of the cost auditor for FY 2026-27 and consider a proposal to increase the authorized share capital from ₹200 Crores to ₹450 Crores.

Davangere Sugar Company Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors approved the results during a meeting held on August 14, 2026. The company has submitted the results along with a limited review report from its statutory auditors, M/s DGMS & Co. The results were prepared in accordance with Indian Accounting Standards (Ind AS 34) and comply with SEBI Listing Regulations. Previous periods' figures have been reclassified where necessary for comparability.

Standalone revenue for Q1 FY27 (quarter ended June 30, 2026) rose 44.2% YoY to ₹34.72 Cr from ₹24.07 Cr, but standalone PAT fell 28.1% YoY to ₹0.94 Cr from ₹1.30 Cr — profit trailing revenue growth by a wide margin is the actual story despite the topline gain. Sequentially both lines are down sharply (revenue -58.6%, PAT -51.9%) against the seasonally heavy March-2026 quarter (₹83.82 Cr revenue, ₹1.95 Cr PAT); management's own notes flag the sugar business's seasonal nature, so the QoQ drop is not read as underlying weakness. The YoY profit shortfall traces to costs, not revenue. Net profit margin compressed to 2.70% from ~5.4% a year ago, and PBT fell 25.7% YoY to ₹1.28 Cr from ₹1.73 Cr. Two items explain most of the gap: an inventory-accounting swing that added roughly ₹7.69 Cr to reported costs (the "changes in inventories" line moved from a ₹4.50 Cr credit to a ₹3.20 Cr charge), and power & fuel costs that more than doubled to ₹2.36 Cr from ₹1.14 Cr (+106.9%). By segment, Distillery remained the sole profit engine, growing segment PBIT 18.6% YoY to ₹15.84 Cr, while Sugar's segment loss widened to ₹4.42 Cr (from ₹3.37 Cr) and Co-generation's loss nearly tripled to ₹2.73 Cr (from ₹1.10 Cr); Aviation's loss narrowed to ₹0.22 Cr (from ₹0.40 Cr). There is no formal management guidance or prior concall commentary on record, and no analyst consensus estimate could be found for this quarter (small-cap, thin coverage) — so both the vs-guidance and vs-street reads are unknown; no press release accompanied this filing beyond the standard board-outcome intimation. The cost pressure sits against a backdrop of aggressive capital-raising: finance cost, up just 3.4% YoY to ₹7.19 Cr, jumped 58.8% QoQ from ₹4.53 Cr, and on results day the board approved ₹40.12 Cr of convertible warrants (10.64 Cr warrants at ₹3.77 each, allotted to promoters), superseding a July 28 loan-conversion proposal — following a $100M FCCB listing on the Mauritius exchange (July 9) and an $84.95M investment in a UK subsidiary (July 25). Together these point to a debt- and equity-funded expansion phase whose financing cost is only beginning to show up in the P&L.

Davangere Sugar Company Ltd has announced that its Board of Directors will convene on August 14, 2026. The primary agenda items include the consideration and approval of the standalone unaudited financial results for the quarter ended June 30, 2026, along with the associated limited review report. Additionally, the board will discuss a proposal for fundraising through the issuance of convertible warrants and/or other eligible securities via private placement, preferential issue, or other permissible modes, subject to necessary approvals.

Davangere Sugar Company Ltd announced the reappointment of M/s. DGMS & Co., Chartered Accountants, as its Statutory Auditor. This decision was recommended by the Audit Committee and approved by the Board of Directors during their meeting on August 5, 2026. The reappointment is for a period of five consecutive years, commencing from the conclusion of the 55th AGM until the conclusion of the 60th AGM, subject to shareholder approval. M/s. DGMS & Co. will undertake their second consecutive five-year term. The firm, with a head office in Jamnagar, Gujarat, provides various audit and financial certification services.

Davangere Sugar Company Ltd announced the re-appointment of M/s. D G M S & Co., Chartered Accountants, as its Statutory Auditors. This re-appointment is for a period of five consecutive years, commencing from the conclusion of the 55th Annual General Meeting (AGM) until the conclusion of the 60th AGM. The decision was recommended by the Audit Committee and approved by the Board of Directors during their meeting held on August 05, 2026. The re-appointment is subject to the approval of the company's shareholders at the upcoming AGM. M/s. D G M S & Co. will be serving their second consecutive five-year term.