Davangere Sugar Company Limited — Important, 31-07-2025: Updates

Davangere Sugar's Rights Issue Committee has finalized terms for a Rights Issue. The company will offer up to 48,92,39,202 fully paid-up Equity Shares at ₹3.05 each, aiming to raise up to ₹149.22 Cr. The full issue price is payable on application. Shareholders will be entitled to 13 new shares for every 25 held as of the Record Date. The issue is scheduled to open mid-August and close by end-August. This capital raise will significantly increase outstanding shares to 143.01 Cr upon full subscription, impacting the share structure.