Davangere Sugar Rights Issue dates 14 – 29 August 2025.
Founded in 1970 in India, Davangere Sugar Company is in the business of Sugar Manufacturing (By-product Molasses) from Sugarcane and Co-generation of Electricity Power. Driven by a commitment to sustainability, innovation, and community upliftment, DSCL strives to set the benchmark in eco-friendly sugar and renewable energy solutions.
Originally established as a joint‐sector venture by Karnataka Agro Industries Corporation, Karnataka State Small Industries Development Corporation, IDBI, ICICI, IFCI and a consortium of local farmers, DSCL has since become part of the Shamanur Group.
The plant processes sugarcane into crystal sugar and molasses, distills ethanol, and harnesses bagasse to generate electricity. Its sugar manufacturing facilities span approximately 283,874 sq ft, supported by five warehouses that can collectively store over 600,000 quintals of sugar.
Promoters of Davangere Sugar Company – Ganesh Shivashankarappa Shamanur, Rekha Ganesh, Abhijith Ganesh Shamanur, Shamanur Shivashankarappa Mallikarjun, Akhila G Shamanur, Anchal G Shamanur, and Shamanur Shivashankarappa
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Davangere Sugar Company Rights Issue Details
| Davangere Sugar Rights Issue Date | 14 – 29 August 2025 |
| Davangere Sugar Rights Issue Price | INR 3.05 per share |
| Issue Size (in Shares) | 48,92,39,202 shares |
| Issue Size (in INR) | INR 149.22 crore |
| Issue Entitlement | 13 equity shares for every 25 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Davangere Sugar Rights Issue Record Date | 6 August 2025 |
| Face Value | INR 1 per share |
| Listing On | BSE, NSE |
Davangere Sugar Rights Issue Calculation
| Davangere Sugar Rights Issue Price | INR 3.05 per share |
| Market Price on Rights Issue Approval | INR 3.32 per share |
| Dilution Factor (X) | 1.52 |
| Fair Value After Dilution at Prevailing Price | INR 3.23 per share |
Davangere Sugar Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 280 | 217 | 215 |
| Expenses | 224 | 171 | 163 |
| OPM (%) | 20.0 | 21.0 | 24.0 |
| Net Income | 13.0 | 12.0 | 11.0 |
| ROCE (%) | 6.0 | 8.0 | 7.0 |
Davangere Sugar Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment or prepayment, in full or in part, of all or a portion of certain borrowing availed by the company – INR 67.50 crore
- Adjustment of unsecured loans of the promoter through conversion of the outstanding loan to equity against their Rights Entitlement – INR 44.25 crore
- General corporate purposes
Davangere Sugar Rights Offer Documents
- Davangere Sugar Rights Issue Application Form
- Davangere Sugar Letter of Offer
- Board Meeting Outcome
- Davangere Sugar Draft Letter of Offer
- Rights Issue in 2024
Davangere Sugar Rights Issue Dates
| Rights Issue Approval Date | 31 July 2025 |
| Rights Issue Record Date | 6 August 2025 |
| Credit of Rights Entitlement | 11 August 2025 |
| Rights Issue Opening Date | 14 August 2025 |
| Last Date for Market Renunciation | 25 August 2025 |
| Rights Issue Closing Date | 29 August 2025 |
| Finalization of Basis of Allotment | 1 August 2025 |
| Rights Allotment Date | 1 August 2025 |
| Credit Date | 2 August 2025 |
| Listing Date | 3 August 2025 |
Davangere Sugar Rights Offer Registrar
INTEGRATED REGISTRY MANAGEMENT SERVICES PRIVATE LIMITED
No. 30 Ramana Residency, 4th Cross, Sampige Road,
Malleshwaram, Bengaluru, Karnataka -560 003
Telephone: +91 80-23460815 to 818
Email: [email protected]
Website: www.integratedindia.in
Davangere Sugar Contact Details
DAVANGERE SUGAR COMPANY LIMITED
No. 19, Shivashankar Plaza, 3rd floor, Richmond Circle,
Lalbagh Road, Bengaluru – 560 027, Karnataka, India
Phone: +91 80 2227 2183
Email: [email protected]
Website: www.davangeresugars.com
Davangere Sugar Rights Offer FAQs
What is the Davangere Sugar Rights Issue Price?
The issue price is INR 3.05 per share.
What is the Davangere Sugar Rights Issue entitlement ratio?
The eligible shareholders are offered 13 equity shares for every 25 equity shares held on the record date.
What is the Davangere Sugar Rights Issue Record Date?
The Record date is 6 August 2025.
How to Apply in the Davangere Sugar Rights Offer?
The best way to apply in the Davangere Sugar Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit the same to your broker.