Revised Intimation of change in management after correction of typographical error.
DAVANGERE · price
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Davangere Sugar Company has issued a revised intimation to correct a typographical error in its earlier July 16, 2025 announcement regarding the appointment of Mr. Achal Kapoor as an Independent Director. The corrected end date of his 5-year term is July 15, 2030 (instead of July 16, 2030). Separately, the filing confirms that Mr. Thappagondanahally Rajashekarappa (DIN: 08794960) completed his 5-year tenure as Independent Director on July 16, 2025 and did not seek re-appointment, stepping down from the Audit Committee, Nomination & Remuneration Committee, and as Chairman of the CSR Committee. Mr. Kapoor, a qualified Company Secretary with over 10 years of experience in corporate and securities law, has been appointed in his place and joins the reconstituted Audit, NRC, and CSR committees.
This is a routine governance update with a completed term replacement and a minor date correction – no material impact expected on shareholders or stock price. The board retains the required composition of independent directors and all key committees continue to function with proper oversight.