S.S. Ganesh increases stake in Davangere Sugar

S.S. Ganesh, categorized as a promoter/promoter group, acquired 145,070,861 shares of Davangere Sugar Company Limited, representing 10.14% of the total voting capital. This acquisition, conducted on a Rights Basis, occurred on September 3, 2025.

Prior to this transaction, S.S. Ganesh held 212,347,813 shares, amounting to 22.57% of the total voting capital. Following the acquisition, their stake in Davangere Sugar Company Limited has risen to 357,418,674 shares, now representing 24.99% of the voting capital. The shares are listed on both BSE and NSE.

The equity share capital of Davangere Sugar Company Limited was Rs.1/- each for 940,844,620 shares before the acquisition and increased to Rs.1/- each for 1,429,990,798 shares post-acquisition. The total diluted share/voting capital also stands at Rs.1/- each for 1,429,990,798 after the transaction.