Arihant Capital Markets reduces stake in Davangere Sugar Company to 4.41%
Arihant Capital Markets Limited disposed of 17,275,157 shares (1.21%) in Davangere Sugar Company Limited through open market transactions on January 28, 2026. The disposal reduced Arihant Capital's shareholding from 5.62% to 4.41% of the total voting capital. The company filed the required disclosure under SEBI regulations, confirming it is not part of Davangere Sugar's promoter group.
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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.
| Transaction Parameter: | Details |
|---|---|
| Shares Sold: | 17,275,157 |
| Transaction Value (%): | 1.21% |
| Transaction Mode: | Open Market |
| Transaction Date: | January 28, 2026 |
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.
| Shareholding Details: | Before Transaction | After Transaction | Change |
|---|---|---|---|
| Shares Held: | 80,377,839 | 63,102,682 | -17,275,157 |
| Voting Capital (%): | 5.62% | 4.41% | -1.21% |
| Diluted Share Capital (%): | 5.62% | 4.41% | -1.21% |
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.
Historical Stock Returns for Davangere Sugar Company
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.91% | +12.78% | +4.79% | +44.34% | -16.39% | -49.73% |
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