Davangere Sugar Company
4.59
+0.13(+2.91%)
Market Cap₹656.37 Cr
PE Ratio49.56
IndustryFMCG
Company Performance:
1D+2.91%
1M+4.79%
6M+44.34%
1Y-16.39%
5Y-49.73%
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More news about Davangere Sugar Company
11Aug 25
Davangere Sugar Company Announces INR 149.22 Crore Rights Issue
Davangere Sugar Company Limited (DSCL) has announced a rights issue to raise up to INR 149.22 crore from existing shareholders. The Board of Directors approved this on July 25, 2025, with the Rights Issue Committee finalizing details in subsequent meetings. August 6, 2025, is set as the record date for eligible shareholders. Public announcements were made in national newspapers on August 11, 2025. The company emphasizes regulatory compliance with SEBI guidelines and has updated its website with the information while notifying stock exchanges.
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04Aug 25
Davangere Sugar Company Announces ₹149 Crore Rights Issue at ₹3.05 Per Share
Davangere Sugar Company Limited has announced a rights issue to raise up to ₹149.22 crore by offering 48.92 crore equity shares at ₹3.05 per share, a 12.86% discount to the market price. The rights entitlement ratio is 13 rights equity shares for every 25 existing shares held. The issue opens on August 14, 2025, and closes on August 29, 2025, with the record date set for August 6, 2025. Funds will be used for loan repayment, adjustment of unsecured loans, and general corporate purposes. The promoter, Ganesh Shivashankarappa Shamanur, has committed to subscribe to his entire rights entitlement and any shares renounced in his favor by other promoters.
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31Jul 25
Davangere Sugar Company Announces ₹149.22 Crore Rights Issue with August 6, 2025 Record Date
Davangere Sugar Company Limited has approved a rights issue to raise up to ₹149.22 crore. The company plans to issue up to 48,92,39,202 fully paid-up equity shares at ₹3.05 per share. The rights entitlement ratio is set at 13:25, with the issue opening on August 14, 2025, and closing on August 29, 2025. The record date is August 6, 2025. This move is expected to increase the company's outstanding equity shares from 94,08,44,620 to 143,00,83,822, assuming full subscription. The company has received in-principle approvals from both NSE and BSE for the rights issue.
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29Jul 25
Davangere Sugar Company Reschedules Rights Issue Committee Meeting
Davangere Sugar Company Limited (DSCL) has rescheduled its Rights Issue Committee meeting from July 30 to July 31, 2025, due to pending in-principle approval from stock exchanges. The meeting will determine the record date, issue price, entitlement ratio, and other terms for the proposed rights issue, which was initially approved by the Board on July 25, 2025.
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26Jul 25
Davangere Sugar Company to Finalize ₹150 Crore Rights Issue Terms on July 30
Davangere Sugar Company Limited's Rights Issue Committee will meet on July 30, 2025, to finalize parameters for a rights issue of up to ₹150 crore. The committee will determine the record date, issue price, entitlement ratio, and other terms. This follows the Board's approval on July 25, 2025, superseding a previous ₹400 crore rights issue approval. The company has submitted a Draft Letter of Offer to stock exchanges and awaits regulatory approvals.
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25Jul 25
Davangere Sugar Company Revises Rights Issue to Rs 150 Crore, Down from Earlier Rs 400 Crore Plan
Davangere Sugar Company Limited has revised its rights issue, reducing the fundraising target from Rs 400 crore to Rs 150 crore. The decision was made during a board meeting on July 25, 2025, replacing the earlier approval from September 6, 2024. The revised issue will offer fully paid-up equity shares with a face value of Re 1 each to eligible shareholders. Specific terms, including issue price and rights entitlement ratio, will be determined later. The rights issue is subject to regulatory approvals, and the exact number of securities will be finalized after receiving in-principle approval from Stock Exchanges.
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22Jul 25
Davangere Sugar Company Reschedules Board Meeting to Consider Rights Issue
Davangere Sugar Company Limited (DSCL) has rescheduled its Board of Directors meeting to July 25, 2025, to consider a fund-raising proposal through a rights issue. The meeting, previously planned for July 09, 2025, will discuss potential changes to the issue size, superseding a previous board resolution from September 6, 2024. This change is due to new SEBI regulations simplifying the rights issue process. The company has informed stock exchanges in compliance with SEBI regulations.
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Davangere Sugar Company
4.59
+0.13
(+2.91%)
1 Year Returns:-16.39%
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