Davangere Sugar Company Limited has informed the Exchange that the Right Issue Committee of the Company at its meeting held on July 31, 2025, has decided to issue equity shares on rights basis in the ratio of 13 : 25, i.e 13 Equity Shares for every 25 Equity Shares held. Issue Price is 3.05 per share.
DAVANGERE · price
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Davangere Sugar Company has approved a rights issue of up to 48.92 crore equity shares at ₹3.05 per share (including a premium of ₹2.05 over the face value of ₹1). The rights entitlement ratio is 13 new shares for every 25 shares held by eligible shareholders as on the record date of August 6, 2025. The total issue size is up to ₹149.22 crore, with the full amount payable on application. The rights issue opens on August 14, 2025 and closes on August 29, 2025. If fully subscribed, the company's outstanding shares will increase from around 94.08 crore to about 143.01 crore.
Eligible shareholders need to decide whether to subscribe, renounce, or do nothing by August 29, 2025. Not subscribing or renouncing will result in dilution of ownership since the share count will grow by roughly 52% post-issue. Shareholders should evaluate the issue price relative to the prevailing market price before making a decision.