Davangere Sugar Company Limited
Incorporated in 1970, Davangere Sugar is in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Power
What Davangere files
- Others56
- Board Meeting19
- Important11
- Updates7
- Insider Trade6
- Results2
Davangere Sugar's USD 85 Million Foreign Currency Convertible Bond (FCCB) issue has been fully subscribed. This successful capital raise provides a significant financial boost to the company.
Davangere Sugar secured approval for up to $100M (approx ₹830 Cr) in FCCBs to fund growth, including acquisitions and technology. The company also launched AUREVANT GLOBAL, a new 100% subsidiary in London, expanding its global presence in ethanol and sugar products.
Davangere Sugar received approval for regulatory reclassification of S S Mallikarjuna and S B Murugesh from Promoter to Public shareholders. This moved 2.08 Cr shares (0.15% of total equity) to the public category, altering the promoter holding structure.
Davangere Sugar is expanding ethanol capacity to 110 KLPD and adding a 35 TPD CO2 recovery plant. Diversifying into grain trading and strengthening farmer partnerships, these initiatives aim to boost revenue, profitability, and long-term shareholder value.
Davangere Sugar has allotted 48.91 Cr fully paid-up Rights Equity Shares at Rs. 3.05 each, raising approximately Rs. 149.14 Cr. This significantly increases the company's paid-up share capital.