STOCKWATCH

Davangere Sugar Company Ltd. to Consider Proposal for Rights Issue of Equity Shares

Davangere Sugar Company Ltd. has announced a board meeting on 6th September 2024 to consider a proposal for a rights issue of equity shares to existing shareholders. The proposal is subject to regulatory/statutory approvals as required. This decision could potentially dilute the existing shareholding pattern and impact the stock price of the company.

• Davangere Sugar Company Ltd. has scheduled a board meeting on 6th September 2024.
• The agenda includes consideration of a proposal to issue equity shares to existing shareholders on a rights basis.
• The proposal is subject to necessary regulatory and statutory approvals.
• This decision could potentially dilute the existing shareholding pattern of the company.
• The outcome of the meeting could impact the stock price of Davangere Sugar Company Ltd.