Davangere Sugar Company Ltd

Davangere Sugar Company Limited: Trading Window closed from October 01, 2026 and shall re-open after 48 hours from the declaration of the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

Davangere Sugar Company Ltd - Trading window closed from October 01, 2026 and shall re-open after 48 hours from the declaration of the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.

AGM Details

• Date/venue/time/mode: 12 Sep 2026, Thogataveera Samudhaya Bhavana, Davangere; 11:00–11:45 IST; physical with remote e-voting.
• AGM duration: 11:00–11:45 IST.

Ordinary resolutions

• Item 1: Adopt audited financial statements; passed.
• Item 2: Re-appoint director by rotation; passed.
• Item 3: Re-appoint statutory auditors for five years; passed.
• Item 4: Cost Auditor remuneration approved.
• Item 5: Increase authorised share capital; MOA amendment; passed.
• Item 9: Approve material related party transactions; passed.

Special resolutions

• Item 6: Loans/investments beyond prescribed limits; passed.
• Item 7: Investments in overseas subsidiaries; passed.
• Item 8: Issue of convertible equity warrants; passed.
• Item 10: Dilution of shareholding and overseas asset transfers; passed.

Directors and auditors

• Auditors: Statutory re-appointment for five years; Cost Auditor remuneration approved.

Related party transactions

• Material related party transactions approved.

AGM Details

• AGM held on 12 September 2026 at 11:00 A.M.
• Mode: physical meeting with remote e-voting facility.
• Venue: Thogataveera Samudhaya Bhavana, Davangere.
• Meeting concluded at 11:45 A.M.
• Total attendees: 340 members attended.

Key Resolutions

• Ordinary: Adopt audited financial statements for FY ended 31 March 2026 with directors' and auditors' reports.
• Ordinary: Re-appoint Abhijith Ganesh Shamanur by rotation.
• Ordinary: Appoint M/s D G M S & Co. as statutory auditors for five-year term; remuneration to be fixed.
• Ordinary: Ratify remuneration of Cost Auditor for FY 2026-27.
• Ordinary: Increase authorised share capital and amend Clause V of the Memorandum of Association.
• Special: Approve loans or investments beyond the limits under Section 186.
• Special: Approve investments in overseas subsidiaries up to USD 100 million.
• Special: Issue 10,64,11,079 Convertible Equity Warrants to Promoter Group on a preferential basis.
• Ordinary: Approve Material Related Party Transactions with Aurevant Global Limited.
• Special: Approve dilution of shareholding and/or disposal of assets of overseas subsidiary Aurevant Global Limited.

Voting Status

• Combined results of remote e-voting and on-site voting to be announced within two working days after conclusion.

AGM Details

• AGM held on 12 September 2026 at 11:00 A.M. at Davangere; physical meeting.
• Remote e-voting facility available; window 9-11 September 2026.
• Meeting convened at 11:00 A.M.; concluded at 11:45 A.M.
• 340 members attended.

Key Resolutions

• Ordinary: Adopt Audited Financial Statements for year ended 31 March 2026.
• Ordinary: Re-appoint Abhijith Ganesh Shamanur by rotation.
• Ordinary: Appoint M/s DGMS & Co as Statutory Auditors for five years; remuneration to be fixed.
• Ordinary: Ratify remuneration of Cost Auditor for FY 2026-27.
• Ordinary: Increase authorised share capital and amend MOA Clause V.
• Special: Approve loans/investments/guarantees beyond Section 186 limits.
• Special: Approve investments in overseas subsidiaries up to USD 100 million.
• Special: Preferential issue of Convertible Equity Warrants to Promoter Group.
• Ordinary: Approve Material Related Party Transaction(s) with Aurevant Global Limited.
• Special: Approve dilution of shareholding and/or disposal of assets of Aurevant Global Limited.

Voting status

• Voting results to be announced within two working days and submitted to stock exchanges.

Related Party Transactions

• Material RPT with Aurevant Global Limited related to proposed bridge financing facility.

Corrigendum context

• Corrigendum to AGM notice dated Aug 14, 2026; adds weblink to PCS and valuation report.
• Revises explanatory statements 15 and 16 for Item No.8.
• Updates about preferential issue of equity shares and fully convertible warrants.

Preferential issue disclosures

• Certificate certifying compliance with SEBI ICDR required for the issue.
• Issue price fixed at ₹3.77 per Convertible Equity Warrant.

Documentation and inspection

• PCS certificate and valuation report available on company website and for inspection.
• Valuation report not required unless change in control or 5% post-issue dilution.

Other notes

• Corrigendum forms part of the Notice; all other terms unchanged.

FCCB conversion and equity allotment

• Allotment of 26,59,05,000 equity shares at INR 3.60 per share on conversion of USD 10,000,000 FCCBs.
• Wave Capital Limited: 40 FCCBs converted to 10,63,62,000 shares.
• Emerging Market Opportunities Ltd: 30 FCCBs converted to 7,97,71,500 shares.
• Global Focus Fund: 30 FCCBs converted to 7,97,71,500 shares.
• Paid-up capital increased to INR 169,58,95,798; 169,58,95,798 shares of INR 1 each.
• 900 FCCBs remain outstanding post-conversion.