The Board Meeting to be held on 30/07/2025 has been revised to 31/07/2025 Intimation regarding postponement and rescheduling of The Right Issue Committee of The Board of Directors of Davangere ....
DAVANGERE · price
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Davangere Sugar Company has postponed its Rights Issue Committee meeting from July 30, 2025 to July 31, 2025. The Committee was originally set to finalise key terms such as the record date, issue price, and entitlement ratio for the proposed Rights Issue. The one-day delay is because the company is still awaiting in-principle approval from the stock exchanges for the Rights Issue. The Rights Issue itself had been approved by the Board on July 25, 2025.
This is a minor administrative delay and does not materially affect shareholders. Investors should track the rescheduled meeting on July 31, 2025, which will reveal pricing, entitlement ratio, and the record date for the Rights Issue.