Davangere Sugar Company Limited has informed the Exchange regarding Outcome of Board Meeting held on May 14, 2025.
DAVANGERE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Davangere Sugar Company Limited announced audited financial results for Q4 and FY ended March 31, 2025, along with a clean (unmodified) opinion from statutory auditors M/s. D.G.M.S & Co. Total income for FY25 stood at ₹21,675.60 lakhs, down about 2.8% from ₹22,296.72 lakhs in FY24. Net profit for the year fell to ₹1,083.11 lakhs (from ₹1,223.73 lakhs), with Q4 alone dropping sharply to ₹183.65 lakhs from ₹455.25 lakhs. The sugar and co-generation segments turned from profits into losses, while the distillery segment continued to perform strongly. The company also reported the resignation of Company Secretary Mrs. Nidhi Hitesh Vaswani effective May 20, 2025, citing personal reasons.
The unmodified audit opinion is a positive governance signal, but the decline in full-year profit and the steep Q4 drop — driven by losses in sugar and co-generation — may weigh on short-term sentiment. The leadership vacuum at the compliance officer level adds a minor governance watch-point, though it is described as a personal exit with no stated controversy.