Davangere Sugar Company Ltd

Davangere Sugar Company Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Limited on October 14, 2026, confirming compliance with Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, for the quarter ended September 30, 2026, as certified by Integrated Registry Management Services Private Limited.

Davangere Sugar Company Limited will close its trading window for securities starting October 1, 2026, and will reopen it 48 hours after the declaration of the company’s unaudited financial results for the quarter and half year ended September 30, 2026, in compliance with Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Davangere Sugar Company Limited announced that its board approved the allotment of 26,59,05,000 fully paid-up equity shares upon the conversion of unsecured foreign currency convertible bonds, following conversion notices received from M/s. Wave Capital Limited, M/s Emerging Market Opportunities Ltd, and M/s Global Focus Fund. The conversion involved 100 bonds with a principal value of USD 1,00,000 each, totaling USD 10,000,000, converted at an exchange rate of INR 95.7258 per USD as of August 24, 2026, with a conversion price of INR 3.60 per equity share, increasing the company's paid-up equity share capital to INR 169,58,95,798 and leaving 900 FCCBs outstanding.

Davangere Sugar Company Limited will hold a board meeting on Friday, August 14, 2026, to consider and approve the Standalone Unaudited Financial Results for the quarter ended June 30, 2026, and to discuss a proposal for raising funds through the issuance of convertible warrants or other eligible securities via private placement or preferential issue.

Davangere Sugar Company Limited announced that its board of directors has re-appointed M/s. D G M S & Co., Chartered Accountants, as the company's statutory auditor for a period of five consecutive years, commencing from the conclusion of the 55th Annual General Meeting and concluding at the 60th AGM, subject to shareholder approval. The re-appointment is for the financial years 2026-27 to 2030-31, marking a second consecutive term for the firm, which provides statutory audits, internal audits, and financial certification services.

Davangere Sugar Company Limited announced that its board of directors has re-appointed M/s. D G M S & Co., Chartered Accountants, as the company's statutory auditor for a period of five consecutive years, commencing from the conclusion of the 55th Annual General Meeting and concluding at the 60th AGM, subject to shareholder approval. The re-appointment is for the financial years 2026-27 to 2030-31, marking a second consecutive term for the firm, which provides statutory audits, internal audits, and financial certification services.

Davangere Sugar Company will hold a meeting of the Board of Directors of the Company on 28 July 2026.

Davangere Sugar Company has revised the meeting of the Board of Directors which was scheduled to be held on 2 July 2026. The meeting will now be held on 3 July 2026.

Davangere Sugar Company will hold a meeting of the Board of Directors of the Company on 2 July 2026.

Net profit of Davangere Sugar Company rose 0.52% to Rs 1.95 crore in the quarter ended March 2026 as against Rs 1.94 crore during the previous quarter ended March 2025. Sales rose 47.29% to Rs 83.82 crore in the quarter ended March 2026 as against Rs 56.91 crore during the previous quarter ended March 2025. For the full year,net profit declined 22.21% to Rs 8.51 crore in the year ended March 2026 as against Rs 10.94 crore during the previous year ended March 2025. Sales rose 11.06% to Rs 238.77 crore in the year ended March 2026 as against Rs 214.99 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales83.8256.91 47 238.77214.99 11 OPM %10.0816.99 -20.3624.18 - PBDT4.595.92 -22 23.6925.57 -7 PBT1.412.24 -37 10.9912.87 -15 NP1.951.94 1 8.5110.94 -22 Powered by Capital Market - Live