Davangere Sugar Company Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
DAVANGERE · price
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Davangere Sugar Company Limited has submitted a compliance filing to BSE and NSE. The filing is a declaration by the promoters and promoter group under SEBI Regulation 31(4) for the Financial Year ended March 31, 2026. The key declaration states that promoters have NOT created any encumbrance (pledge or mortgage) on their shares during the entire FY 2025-26. The disclosure covers 8 promoter entities including Ganesh SS, Abhijith Ganesh, Rekha Ganesh, Anchal Ganesh, Akhil G Shamanur, SS Mallikarjuna, and two corporate promoter entities (Mafatlal Plywood Industries Private Limited and Indian Cane Power Limited). One Person Acting in Concert (PAC), SB Murugesh, is also listed. The Managing Director signed the filing on April 4, 2026.
This is a routine regulatory disclosure with neutral to slightly positive implications for shareholders. The absence of share encumbrances means promoters have not leveraged their stake through pledging, reducing risk of forced share sales that could depress stock price.