Davangere Sugar Company Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 31, 2025.
DAVANGERE · price
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Davangere Sugar Company has finalised the terms of its Rights Issue following a committee meeting on July 31, 2025. The company will issue up to 48.92 crore fully paid-up equity shares of ₹1 face value at ₹3.05 per share (including a ₹2.05 premium), raising up to ₹14,921.80 lakhs (about ₹149.22 crore). The entitlement ratio is 13 Rights Shares for every 25 shares held, and the record date is set for August 6, 2025. The rights issue opens on August 14, 2025, and closes on August 29, 2025. Post-issue, total outstanding shares could rise to about 143 crore from the current 94.08 crore assuming full subscription.
Eligible shareholders as on the record date (August 6, 2025) will get rights to buy additional shares at ₹3.05 and must decide whether to subscribe, renounce, or let the rights lapse. The stock may see dilution and price pressure around the record date, but fresh capital will strengthen the company's balance sheet for growth or debt reduction.