Davangere Sugar's rights issue oversubscribed, reaching ₹150.8 crores

Davangere Sugar Company Limited's rights issue, which aimed to raise ₹149.22 crores, was oversubscribed, reaching a total of ₹150.8 crores. This milestone reflects strong investor confidence in the company's vision, strategy, and long-term growth prospects. The issue remained open from August 14, 2025, to August 29, 2025, and was completed smoothly within the stipulated period.

Key highlights of the subscription include robust public participation, contributing ₹106.55 crores, and promoters' contribution of ₹44.25 crores through the adjustment of unsecured loans.

Davangere Sugar Company Limited has assured shareholders that the funds raised will be prudently deployed to achieve the objectives outlined in the Letter of Offer, aiming to strengthen the company's growth trajectory and create enduring value for all stakeholders. The company expressed gratitude for the financial support and vote of confidence, reaffirming its commitment to transparency, discipline, and results.