AGM voting results: all 10 resolutions passed with over 94 percent majority
DAVANGERE · price
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Davangere Sugar Company held its 55th AGM on September 12, 2026. All 10 resolutions were passed. Highlights: adoption of FY26 audited financials (99.96 percent in favour), re-appointment of director Abhijith Ganesh Shamanur (99.96 percent), re-appointment of statutory auditors D G M S and Co for 5 years (99.96 percent), increase in authorised share capital (99.92 percent), preferential issue of convertible warrants to promoter (99.76 percent), and material related party transactions (94.42 percent).
Resolutions passed with strong majority, clearing the path for share capital expansion, promoter warrant issue, and overseas investment plans.