Davangere Sugar Company Limited has informed the Exchange regarding Resignation of Nidhi Vaswani as Company Secretary & Compliance Officer of the company w.e.f. May 20, 2025.
DAVANGERE · price
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On the reaction day the stock moved 3.7 pts less than Nifty Microcap 250 and 3.7 pts less than its Other Agricultural Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Davangere Sugar Company announced its audited results for Q4 and FY ended March 31, 2025. Full-year revenue from operations fell slightly to ₹21,498.53 lakhs (vs ₹21,653.05 lakhs in FY24), while net profit dropped to ₹1,083.11 lakhs from ₹1,223.73 lakhs, translating to an EPS of ₹1.16 (vs ₹1.30). Q4 FY25 net profit declined sharply to ₹183.65 lakhs from ₹455.25 lakhs a year ago. Segment-wise, the distillery business remained the strongest earner (₹6,514.44 lakhs segment profit), while sugar and co-generation segments posted losses for the year. Statutory auditor M/s. D.G.M.S & Co. issued an unmodified (clean) opinion on the results. Separately, Company Secretary and Compliance Officer Nidhi Hitesh Vaswani resigned citing personal reasons, effective May 20, 2025.
Lower full-year and quarterly profits, driven by losses in sugar and co-generation, may weigh on the stock, though the distillery segment continues to be the key earnings driver. The Company Secretary exit appears routine (personal reasons, clean auditor opinion), so no major governance red flag — investors should watch for a timely replacement.