Davangere Sugar Company Ltd (DAVANGERE) Announcements - Latest Exchange Filings with AI Summaries
Latest corporate announcements filed by Davangere Sugar Company Ltd on NSE and BSE, with an AI summary of each filing.
Intimation of receipt of in-principle approval for issue of warrants on preferential basis
Others (Uncategorized) · 23 Oct 2026, 10:12 pm
Davangere Sugar Receives In-Principle Approvals for Preferential Warrant Issue Davangere Sugar Company Limited secured in-principle approvals from BSE and NSE on 22nd Oct'26 for issuing 10,64,11,079 convertible equity warrants on a preferential basis to promoters. Each warrant carries an issue price of Rs. 3.77 and is convertible into one equity share of face value Re. 1. The preferential issuance was previously approved by shareholders. Both exchanges mandate post-allotment listing formalities and strict adherence to SEBI ICDR and LODR regulations, including restrictions on intra-day trading by allottees prior to allotment.
Disclosure of Corrigendum/clarification to the Notice of the 55th Annual General Meeting
Annual General Meeting · 08 Oct 2026, 12:33 am
Consolidated Report of Scrutinizer on votes cast through remote e-voting and voting at the Annual General Meeting.
Annual General Meeting · 16 Sept 2026, 4:20 am
Summary of 55th Annual General Meeting of the Company.
Annual General Meeting · 12 Sept 2026, 7:01 pm
Corrigendum to the Notice of AGM dated 14th August, 2026.
Annual General Meeting · 08 Sept 2026, 12:24 am
Allotment of Equity shares upon conversion of Unsecured Foreign Currency Convertible Bonds (FCCBs'')
Others (Uncategorized) · 25 Aug 2026, 7:12 pm
Davangere Sugar Allots Shares on FCCB Conversion, Increasing Equity Capital On 25th Aug'26, Davangere Sugar's Board approved the allotment of 26,59,05,000 new equity shares (face value INR 1) upon the conversion of 100 FCCBs. The conversion price was INR 3.60 per share, based on a principal amount of USD 10M. This action increases the company's paid-up equity share capital to INR 169.59 crore. Post-conversion, 900 FCCBs remain outstanding. The new shares were allotted to three non-resident entities: Wave Capital, Emerging Market Opportunities, and Global Focus Fund.
Annual Report for FY 2025-26.
Others (Uncategorized) · 20 Aug 2026, 10:48 pm
Notice of 55th Annual General Meeting to be held on September 12, 2026.
Annual General Meeting · 20 Aug 2026, 10:39 pm
Newspaper publication of the Unaudited Financial Results for the quarter ended June 30, 2026
Others (Uncategorized) · 15 Aug 2026, 6:15 pm
Davangere Sugar Reports Q1FY27 Unaudited Financial Results Davangere Sugar reported a Q1FY27 net profit after tax of ₹1.37 crore, down from a profit of ₹25.68 crore in Q4FY26 but up from a loss of ₹1.59 crore in Q1FY26. Total income stood at ₹34.50 crore, a 69.3% QoQ decrease but a 229% YoY increase. EPS for the quarter was ₹0.11. The company's total income for FY26 was ₹157.07 crore. These results were published on 15 Aug'26 for the quarter ended 30 Jun'26.
Unaudited financial results for the quarter ended June 30, 2026 as per Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Result · 14 Aug 2026, 11:47 pm
Davangere Sugar Company Ltd - Financial Result for the Quarter ended 30th Jun'26 (Standalone, INR Lakh) ■ Revenue: 3,472 (+44.2% YoY | -58.6% QoQ) ■ EBITDA: 1,116 (-2.0% YoY | +32.1% QoQ) ■ EBITDA Margin (%): 32.1 (-1517 bps YoY | +2207 bps QoQ) ■ PAT: 93.8 (-28.0% YoY | -51.9% QoQ) ■ EPS (INR): 0.01 (-50.0% YoY | -53.3% QoQ) Davangere Sugar Company Ltd - Financial Result for the Quarter ended 30th Jun'26 (Standalone, INR Lakh) Segmental Performance Sugar ■ Revenue: 4.2 (+1.7% YoY | -99.9% QoQ) ■ EBIT: -442 (-31.0% YoY | Profit to Loss QoQ) ■ EBIT Margin (%): -10,519 (-235416 bps YoY | Profit to Loss QoQ) Co Generation ■ Revenue: 0.0 (-100.0% QoQ) ■ EBIT: -273 (-148.4% YoY | +58.6% QoQ) ■ EBIT Margin (%): 0.0 (Loss to Profit QoQ) Aviation ■ Revenue: 0.0 (-100.0% YoY | -100.0% QoQ) ■ EBIT: -22.1 (+44.1% YoY | +60.4% QoQ) ■ EBIT Margin (%): 0.0 (Loss to Profit YoY | Loss to Profit QoQ) Distellery ■ Revenue: 3,508 (+49.0% YoY | +7.5% QoQ) ■ EBIT: 1,584 (+18.6% YoY | +58.9% QoQ) ■ EBIT Margin (%): 45.2 (-1160 bps YoY | +1460 bps QoQ) Others ■ Revenue: 8.5 (-81.7% YoY | Negative to Positive QoQ) ■ EBIT: 0.0 ■ EBIT Margin (%): 0.0
Outcome of the Board Meeting held on August 14, 2026 for consideration and approval of unaudited financial results for the quarter ended June 30, 2026 and issue of convertible warrants.
Outcome · 14 Aug 2026, 11:28 pm
Davangere Sugar Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 14/08/2026 ,inter alia, to consider and approve the Unaudited Financial ....
Intimation · 14 Aug 2026, 5:30 am
Davangere Sugar Board to Review Q1 Results, Consider Fundraising on Aug 14 Davangere Sugar's Board of Directors will meet on Aug 14, '26, to consider and approve the standalone unaudited financial results for the quarter ended Jun 30, '26. The board will also discuss a proposal for raising funds through various methods, including private placement or preferential issue of convertible warrants or other eligible securities. The fundraising plan is subject to statutory, regulatory, and shareholder approvals.
Reappointment of M/s. DGMS & Co. as Statutory Auditor of the Company.
Change in Management · 06 Aug 2026, 1:02 am
Davangere Sugar Proposes Re-appointment of Statutory Auditor Davangere Sugar Company's board, in its meeting on 05 Aug'26, approved the re-appointment of M/s. D G M S & Co., Chartered Accountants, as the Statutory Auditor. The proposed re-appointment is for a second consecutive five-year term, spanning from the conclusion of the 55th AGM to the 60th AGM (FY27 to FY31). This decision is now subject to shareholder approval at the upcoming Annual General Meeting.
Re-appointment of M/s. D G M S and Co., Chartered Accountants, as Statutory Auditors of the Company for a period of five consecutive years commencing from the conclusion of 55th Annual ....
Others (Uncategorized) · 06 Aug 2026, 12:57 am
Pursuant to Regulation 30 and other applicable provisions of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform ....
Outcome · 28 Jul 2026, 10:18 pm
Davangere Sugar Board Approves Capital Hike, Loan Conversion, and Overseas Expansion Davangere Sugar's Board, on 28th Jul'26, approved key corporate actions subject to shareholder approval. The company will increase its authorised share capital from Rs. 200 crore to Rs. 450 crore. Additionally, the Board sanctioned the conversion of loans into 10,50,18,263 convertible warrants at an issue price of Rs. 3.82 per warrant, aggregating to Rs. 40.11 crore, via preferential allotment to promoters. The Board also approved the incorporation of overseas step-down subsidiaries and appointed a cost auditor for FY26-27.
Investment in Wholly Owned Subsidiary.
Others (Uncategorized) · 25 Jul 2026, 5:27 pm
Davangere Sugar Invests FCCB Proceeds in UK Subsidiary Davangere Sugar Company's Board approved an investment of USD 84.95 million in its wholly-owned UK subsidiary, Aurevant Global Limited, on 25th Jul'26. The investment utilizes proceeds from the recently issued Foreign Currency Convertible Bonds (FCCBs). The funds will be used to acquire approximately 62.46 million new ordinary shares of GBP 1.00 each in the subsidiary, which operates in the same business line of ethanol and sugar products. The acquisition makes Aurevant Global a 100% owned subsidiary, with completion expected within 10 days.
Davangere Sugar Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 28/07/2026 ,inter alia, to consider and approve the proposal for raising ....
Intimation · 24 Jul 2026, 12:08 am
Davangere Sugar Board to Consider Fundraising via Convertible Warrants Davangere Sugar Company's Board of Directors will meet on 28 Jul'26 to consider a proposal for raising funds. The company will evaluate issuing convertible warrants and/or other eligible securities through private placement or preferential issue. The fundraising, which may occur in one or more tranches, is subject to regulatory and shareholder approvals. This move signals a potential equity dilution event for the company as it seeks to secure new capital for its operations or strategic initiatives.
Attached the letter informing that the company has listed its FCCB on the Afrinex Stock Exchange, Mauritius.
Others (Uncategorized) · 09 Jul 2026, 11:30 pm
Davangere Sugar Lists USD 100 Mn Foreign Currency Convertible Bonds on AFRINEX Davangere Sugar Company has listed its Foreign Currency Convertible Bonds (FCCBs) on the AFRINEX Stock Exchange, Mauritius, effective 09th Jul'26. The issue size is USD 100 million with a 2% coupon rate. These bonds were issued on 06th Jul'26 and are scheduled to mature on 09th Jul'31. This listing facilitates foreign capital access for the company. The FCCBs carry the ISIN MU0000000388.
Outcome of Board Meeting- Allotment of Unsecured Foreign Currency Convertible Bonds.
Others (Uncategorized) · 09 Jul 2026, 7:14 pm
Davangere Sugar Allots Unsecured Foreign Currency Convertible Bonds On 09th Jul'26, Davangere Sugar's Board approved the allotment of 1,000 Unsecured Foreign Currency Convertible Bonds (FCCBs). The company received USD 85 million in subscription money against an issue size of USD 100 million. These bonds were allotted at a 15% discount. Each bond has a face value of USD 100,000, carries a 2% annual coupon, and has a five-year tenure, maturing on 09th Jul'31. This fundraising is crucial for the company's capital structure and future growth plans.
FCCB offering was fully subscribed in terms of offering circular
Others (Uncategorized) · 09 Jul 2026, 12:43 am
Davangere Sugar Closes Fully Subscribed USD 85M FCCB Issue Davangere Sugar Company announced its Foreign Currency Convertible Bond (FCCB) issue was fully subscribed and closed on 08th Jul'26. The company issued 1,000 unsecured FCCBs aggregating USD 85 million, against an approved size of up to USD 100 million. The bonds carry a 2% coupon rate and were issued at a 15% discount to the issue price. The successful placement provides a significant capital inflow for the company.
Out come Board Meeting held on 03rd July 2026 for Approval of Issue of FCCB
Outcome · 04 Jul 2026, 2:41 am
Davangere Sugar Board Approves USD 100 Million FCCB Issue The Board of Directors on 03 Jul'26 approved issuing USD 100 million in unsecured Foreign Currency Convertible Bonds (FCCBs). The bonds carry a 2% annual coupon, mature on 09 Jul'31, and will be issued at a 15% discount for an aggregate price of USD 85 million. The issue opens on 06 Jul'26 and will be listed on the Afrinex Stock Exchange, Mauritius. Based on a conversion price of INR 3.60 per share, the FCCBs could result in the issuance of approximately 264.56 crore equity shares.
Out come Board Meeting held on 03rd July 2026 for Approval of Issue of FCCB
Outcome · 04 Jul 2026, 2:37 am
Davangere Sugar Board Approves USD 100 Million FCCB Issuance Davangere Sugar's board, on 03rd Jul'26, approved issuing USD 100mn in unsecured Foreign Currency Convertible Bonds (FCCBs). The bonds will be issued at a 15% discount for an aggregate price of USD 85mn, carry a 2% annual coupon, and mature on 09th Jul'31. The issue will open on 06th Jul'26 and will be listed on Afrinex Stock Exchange, Mauritius. Upon conversion, the bonds correspond to approximately 2.65bn equity shares based on a conversion price of INR 3.60 per share.
The Board Meeting to be held on 02/07/2026 has been revised to 03/07/2026 The Board Meeting to be held on 02/07/2026 has been revised to 03/07/2026
Rescheduled / Cancelled · 01 Jul 2026, 2:46 am
Davangere Sugar Reschedules Board Meeting for FCCB Issuance Davangere Sugar Company Limited has rescheduled its Board of Directors meeting to 3rd Jul'26 from the previously announced date of 2nd Jul'26. The meeting's agenda is to consider and approve a proposal for issuing Unsecured Foreign Currency Convertible Bonds (FCCBs). The issuance remains subject to regulatory and statutory approvals.
Davangere Sugar Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/07/2026 ,inter alia, to consider and approve the proposal for the ....
Intimation · 29 Jun 2026, 11:32 pm
Davangere Sugar Board to Consider Issuing Foreign Currency Convertible Bonds (FCCBs) Davangere Sugar Company's Board of Directors will meet on 02nd Jul'26 to consider and approve a proposal for issuing Unsecured Foreign Currency Convertible Bonds (FCCBs). The potential issuance follows shareholder approval received on 24th Apr'26 and in-principle approval from BSE and NSE granted on 10th Jun'26. The final decision is subject to further regulatory and statutory approvals. This move indicates a potential capital-raising initiative to fund future growth or manage existing debt through foreign markets.
Pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, we hereby inform that the Company has received in-Principle approval for FCCBs. Further, the company has Incorporated a 100% ....
Others (Uncategorized) · 24 Jun 2026, 11:46 pm
Davangere Sugar Gets Approval for USD 100 Mn FCCB Issue, Sets Up UK Subsidiary Davangere Sugar Company received in-principle approval on 10th Jun'26 from BSE and NSE to issue Foreign Currency Convertible Bonds (FCCBs) up to USD 100 million. Proceeds are intended for M&A, capex, and strategic partnerships. The company also announced the incorporation of a 100% wholly-owned subsidiary, AUREVANT GLOBAL LIMITED, in London on 04th Jun'26 for GBP 1000. This new entity will focus on producing and trading ethanol and sugar products, marking a key step in its global expansion strategy.