Davangere Sugar Company Limited Issues Rights Equity Shares

Strategic Insights -

The National Stock Exchange of India has issued a corporate announcement on behalf of Davangere Sugar Company Limited, informing shareholders about the outcome of the Rights Issue Committee Meeting. The meeting, held on September 1, 2025, discussed and approved the allotment of 48,91,46,178 Rights Equity Shares at an issue price of Rs. 3.05 per share. This allotment was made in the ratio of 13 Rights Equity Shares for every 25 fully paid-up Equity Shares held as on the Record Date, August 6, 2025. The company's paid-up Equity Share Capital has increased consequent to the allotment, with pre and post-issue details provided.

Key Takeaways:

  • Davangere Sugar Company Limited has issued 48,91,46,178 Rights Equity Shares at an issue price of Rs. 3.05 per share.
  • The Rights Equity Shares were allotted in the ratio of 13 (Thirteen) Rights Equity Shares for every 25 (Twenty-Five) fully paid-up Equity Shares held as on the Record Date, August 6, 2025.
  • The allotment is made pursuant to the terms set out in the Letter of Offer dated August 4, 2025, and the 'Basis of Allotment' as finalized in consultation with the Integrated Registry Management Services Private Limited.
  • The company's paid-up Equity Share Capital stands increased at Rs. 142,999,0798, with pre and post-issue details as follows:

+ Pre-Rights Issue Paid-up Share Capital: 940,844,620

+ Pre-Rights Issue Face Value: Rs. 1

+ Post-Rights Issue Paid-up Share Capital: 142,999,0798

+ Post-Rights Issue Face Value: Rs. 1

  • The Meeting of Rights Issue Committee held today commenced at 6:45 p.m. IST and concluded at 7:00 p.m. IST.
  • Details as required under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 are given in 'Annexure A' to the letter.

Statistics:

  • 48,91,46,178 Rights Equity Shares issued
  • Issue price: Rs. 3.05 per share
  • Total face value of the issued shares: Rs. 1 per share
  • Paid-up Share Capital (Pre-Rights Issue): 940,844,620
  • Paid-up Share Capital (Post-Rights Issue): 142,999,0798
  • Pre-Rights Issue Face Value: Rs. 1
  • Post-Rights Issue Face Value: Rs. 1
  • Record Date: August 6, 2025
  • Meeting of Rights Issue Committee: September 1, 2025, 6:45 p.m. IST to 7:00 p.m. IST

Sources:

  • BSE Limited Corporate Relationship Department, 1st Floor, New Trading Ring, Rotunda bldg., P.J. Towers, Dalal Street, Mumbai- 400001
  • National Stock Exchange of India Corporate Service Exchange Plaza, Bandra Kurla Complex, Bandra (East), Mumbai -400051
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 (as amended)
  • Davangere Sugar Company Limited, corporate announcement dated September 1, 2025
  • Integrated Registry Management Services Private Limited (as consultant to the issue)