Davangere Sugar Company Limited has informed the Exchange regarding the 'Outcome of Right Issue Committee Meeting held on August 04, 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's Rights Issue Committee approved the Final Letter of Offer on August 4, 2025 for a rights issue of up to 48,92,39,202 equity shares of face value Rs. 1 each at an issue price of Rs. 3.05 per share (including a Rs. 2.05 premium). The total issue size aggregates up to Rs. 14,921.80 lakhs (~Rs. 149.22 crore). Eligible shareholders will get 13 rights shares for every 25 fully paid-up shares held as on the record date of August 6, 2025. The issue opens on August 14, 2025 and closes on August 29, 2025, with listing expected on or about September 3, 2025. This follows earlier announcements dated July 25 and July 31, 2025, and the company has received in-principle approvals from BSE and NSE.
Existing shareholders will see significant potential dilution of around 34% if the issue is fully subscribed, and will need to deploy additional capital to subscribe if they wish to maintain their holding. Renunciation of entitlements is possible on-market until August 25, 2025. The stock may see volatility around the record date and issue window.