Board Meeting Announcement for Davangere Sugar Company Ltd - Jul 9, 2025

Davangere Sugar Company Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 09/07/2025 inter alia to consider and approve the fresh proposal of fund raising by way of offer and issuance of fully paid up equity shares of the Company by way of a rights issue to the eligible equity shareholders of the Company to supersede the Board Resolution passed by the Board in their meeting held on 6th September 2024 regarding the proposed Rights Issue in view of the SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations 2025 (New Simplified Regulations) wherein it has simplified the Rights issue process thereby making it time process and cost efficient subject to receipt of regulatory/ necessary approvals as may be required and also for the change in the issue size.