Davangere Sugar Company Limited has issued a revised intimation to stock exchanges regarding its Q3FY26 unaudited financial results, correcting a typographical error in the subject line of its earlier communication dated February 10, 2026. The company had previously reported mixed performance with revenue growth offset by declining profitability for the quarter ended December 31, 2025.

Revised Intimation Details

The company submitted a corrected intimation on February 11, 2026, addressing a typographical error in the subject line of its earlier communication:

The company clarified that the financial results considered and approved by the Board of Directors at its meeting held on February 10, 2026, pertain to the quarter and nine months ended December 31, 2025 only. All other information in the original intimation remains unchanged.

Q3FY26 Financial Performance Overview

The company's Q3FY26 financial performance presents a contrasting picture of revenue growth alongside significant profit decline:

The Karnataka-based sugar manufacturer achieved revenue growth of 13.0% in Q3FY26, with revenue from operations reaching ₹8,268.61 lakhs. However, net profit declined substantially by 61.2% to ₹262.27 lakhs from ₹676.89 lakhs in the corresponding quarter of the previous year.

Cost Structure and Operational Challenges

The company faced significant cost pressures during the quarter, particularly in material consumption:

Cost of materials consumed surged by 63.8% to ₹8,630.34 lakhs, representing the primary factor impacting profitability. Power and fuel costs also increased significantly by 69.5% to ₹435.36 lakhs.

Corporate Governance and Compliance

The revised intimation was signed by Uma Singh, Company Secretary and Compliance Officer with membership number A67187. The correction demonstrates the company's commitment to accurate regulatory compliance and transparent communication with stakeholders.

The company operates from its factory and administrative office in Kukkuwada, Davangere district, Karnataka, with its registered office in Davangere and corporate office in Bangalore. The correction filing ensures compliance with Securities and Exchange Board of India listing obligations and disclosure requirements.

Arihant Capital Markets Limited has filed a disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, regarding the disposal of shares in Davangere Sugar Company Limited. The transaction was completed on January 28, 2026, through open market sales.

Transaction Details

The share disposal transaction involved significant changes in Arihant Capital's holding pattern in Davangere Sugar Company. The company sold shares carrying voting rights through open market transactions, reducing its overall stake in the target company.

Shareholding Pattern Changes

The disposal resulted in a notable reduction in Arihant Capital's ownership percentage in Davangere Sugar Company. The company's shareholding position changed significantly following the completion of the transaction.

Company Information

Davangere Sugar Company Limited's shares are listed on both the National Stock Exchange of India Limited and Bombay Stock Exchange of India Limited. The company's total equity share capital remains unchanged at 1,42,99,90,798 equity shares of Rs. 1/- each before and after the transaction.

Regulatory Compliance

Arihant Capital Markets confirmed that it does not belong to the promoter or promoter group of Davangere Sugar Company. The disclosure was signed by Mahesh Pancholi, Company Secretary (M. No. F-7143), and filed with the relevant stock exchanges and the target company as required under SEBI regulations.

The transaction represents a strategic reduction in Arihant Capital's investment position in the sugar company, while maintaining compliance with all applicable disclosure requirements under securities regulations.