Davangere Sugar Company Limited has informed the Exchange about change in Management
DAVANGERE · price
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Davangere Sugar Company has announced a change in its senior management at the distillery division. Mr. Palaniappan Anandan, General Manager – Distillery, resigned citing personal grounds, effective from the close of business hours on 14th August 2025. The Board has approved the appointment of Mr. Sheshagiri Rao (Alabur Rao Sheshagiri) as the new General Manager – Distillery, effective the same day. Mr. Sheshagiri Rao is an Alcohol Technologist with over 19 years of experience in distillery operations, having previously worked with companies such as Shree Renuka Sugars, Godavari Biorefineries, and Kakira Sugar (Uganda). The change was approved at the Board meeting held on 14th August 2025 based on the recommendation of the Nomination and Remuneration Committee.
This is a routine senior management transition at the functional/distillery level, not involving CEO, CFO, or KMP positions. No material impact is expected on the company's operations or stock price, as a replacement with comparable industry experience has been appointed seamlessly on the same effective date.