Davangere Sugar Company Limited — Board Meeting, 25-07-2025: Outcome of Board Meeting

Davangere Sugar's Board has given the green light for a rights issue to raise up to ₹150 crore. This new approval supersedes an earlier plan from September 2024, which aimed to raise ₹400 crore. Crucially, this means the company is revising its fundraising target downwards, not adding more capital. The specific terms of this rights issue, including pricing and entitlement ratio, will be announced at a later date. This strategic move aims to strengthen the company's balance sheet through fresh equity infusion from existing shareholders.