Davangere Sugar Company Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on April 24, 2026. Further, the company has informed the Exchange regarding voting results.
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 Extra-Ordinary General Meeting on April 24, 2026, with voting conducted via remote e-voting (April 21-23, 2026) and ballot paper at the venue. All 5 resolutions were passed with overwhelming shareholder approval. Key resolutions included: (1) Increase in authorised share capital and alteration of Memorandum of Association (99.98% in favor), (2) Enhancement of borrowing limits under Section 180(1)(c) (99.86% in favor), (3) Creation of mortgage or charge on assets under Section 180(1)(a) (99.88% in favor), (4) Increase in investment limits for FPIs and NRIs/OCIs (99.996% in favor), and (5) Approval for raising funds through FCCB, ECB and other permissible modes (99.88% in favor). The scrutinizer's report was submitted by Ashwini Inamdar of Mehta & Mehta, Company Secretaries.
All resolutions passed with 99%+ approval, indicating strong shareholder support. The approvals for increased borrowing limits, asset charges, and fund-raising mechanisms give the company flexibility for future growth and capital raising. Enhanced FPI/NRI investment limits may attract more foreign and non-resident investment.