Davangere sugar company Limited has filed its quarterly compliance certificate with stock exchanges, fulfilling regulatory requirements under SEBI Depositories Regulations for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company submitted the mandatory certificate under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018, to both BSE Limited and National Stock Exchange of India Limited on April 15, 2026.

Certificate Confirmation

The certificate was issued by Integrated Registry Management Services Private Limited, the company's appointed Registrar and Share Transfer Agent (RTA). The RTA confirmed that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories.

Compliance Verification

Key confirmations provided in the certificate include:

• Securities received for dematerialization were confirmed (accepted/rejected) to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within the mandated 15-day period

Administrative Details

The submission was signed by Uma Singh, Company Secretary and Compliance Officer (Membership No.: A67187), demonstrating proper corporate governance procedures. The RTA certificate was issued on April 6, 2026, and signed by S Giridhar, General Manager of Integrated Registry Management Services Private Limited.

This quarterly submission reflects the company's ongoing commitment to regulatory compliance and transparent share transfer operations as mandated by SEBI regulations.

Davangere Sugar Company Limited has successfully obtained approval from both BSE and NSE for the reclassification of promoter shareholders under Regulation 31A of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The approvals were granted on April 09, 2026, marking a significant corporate governance milestone for the sugar manufacturing company.

Stock Exchange Approvals

The company received formal approvals from both major stock exchanges following applications submitted in October 2024. BSE granted approval through letter No. LIST/COMP/SJ/024/2026-27 dated April 09, 2026, while NSE provided approval via letter No. NSE/LIST/433 on the same date. The applications were originally submitted to BSE on October 28, 2024, and to NSE on October 29, 2024.

Promoters Moving to Public Category

The reclassification involves two erstwhile promoter shareholders who will transition from the "Promoter and Promoter Group" category to "Public" category:

Following this approval, both shareholders will cease to be part of the promoter and promoter group of the company, as confirmed in the official communication dated April 10, 2026.

Shareholding Pattern Changes

The reclassification will result in a marginal shift in the company's shareholding structure. According to BSE's approval documentation, the changes in shareholding pattern are as follows:

The reclassification represents a decrease of 20,81,740 shares in promoter holding, which translates to a 0.15% reduction in promoter shareholding percentage.

Regulatory Compliance

Both stock exchanges have emphasized that the company must disclose this reclassification event as a material event in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that this information is being uploaded on its official website at www.davangeresugar.com for public access and transparency.

Corporate Governance Impact

This promoter reclassification under Regulation 31A demonstrates the company's commitment to enhanced corporate governance practices. The approval from both BSE and NSE validates the company's compliance with regulatory requirements and provides greater flexibility in shareholding structure while maintaining transparency with stakeholders.