Davangere Sugar Company Limited has informed the Exchange about Copy of Newspaper Publication
DAVANGERE · price
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Davangere Sugar Company has published newspaper advertisements in Financial Express (English) and Jansatta (Hindi) on August 11, 2025, informing eligible shareholders about its upcoming Rights Issue. The issue, approved by the Board on July 25, 2025 and the Rights Issue Committee on July 31 and August 4, 2025, is for an aggregate amount not exceeding INR 14,921.80 lakhs, with a record date of August 6, 2025. The rights entitlement ratio is 3 Rights Equity Shares for every 5 Equity Shares held. The issue opens on Thursday, August 14, 2025, and closes on Monday, August 25, 2025, with the last date for on-market renunciation being Friday, August 29, 2025. Shareholders can apply through the ASBA process, and Integrated Registry Management Services is the registrar to the issue.
Eligible shareholders as of the August 6, 2025 record date will receive rights entitlements and can either subscribe, renounce, or let them lapse. Failure to act by the issue closing date will result in the rights entitlements lapsing and extinguishing, meaning a potential dilution of ownership for non-participating shareholders.