Davangere Sugar board to consider rights issue proposal

Davangere Sugar Company Limited announced that a meeting of its Board of Directors is scheduled for July 9, 2025, to consider and approve a fresh proposal for raising funds by way of an offer and issuance of fully paid-up equity shares through a rights issue. This rights issue aims to benefit eligible equity shareholders and supersede a previous Board resolution from September 6, 2024. The decision reflects the recent SEBI (Issue of Capital and Disclosure Requirements) (Amendment) Regulations, 2025, which have simplified the rights issue process. The company aims to achieve a more time-efficient and cost-effective process, subject to necessary regulatory approvals, while also considering potential changes in the issue size. The company's announcement is available on its website.