Davangere Sugar Company Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on April 24, 2026
DAVANGERE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Davangere Sugar Company Limited held its 1st Extraordinary General Meeting on April 24, 2026, at Thogataveera Samudhaya Bhavana, Davangere. The meeting was attended by 235 members and concluded at 11:45 AM. Five resolutions were transacted including an Ordinary Resolution for increasing authorized share capital and altering the Memorandum of Association, and four Special Resolutions covering enhancement of borrowing limits, creation of charges on company assets, increase in FPI/NRI investment limits, and approval for raising funds through FCCB, ECB or other permissible modes. Voting was conducted via remote e-voting and polling at the meeting. Detailed voting results will be announced separately within two working days.
Shareholders should note the company is seeking authority to increase share capital, borrow more, and raise funds through various instruments. This may lead to equity dilution or increased debt levels. Voting results and the specific amounts will determine the actual impact on existing shareholders.