AGM Details

  • Meeting Date: September 12, 2026
  • Meeting Time: 11:00 AM to 11:45 AM (IST)
  • Meeting Venue: Thogataveera Samudhaya Bhavana, M.C.C. 'A' Block, Davangere - 577004
  • Record Date: September 5, 2026
  • Total Shareholders on Record Date: 184,637
  • Number of Resolutions Passed: 10

Scrutinizer Details

  • Name: Ashwini Inamdar
  • Firm: M/S Mehta and Mehta
  • Qualification: Company Secretary
  • Membership Number: 11226
  • Date of Board Appointment: August 11, 2026
  • Date of Report Issuance: September 15, 2026

Voting Participation Details

  • Total Outstanding Shares: 1,429,990,798
  • Total Votes Polled: 522,279,248 (36.5233% participation)
  • Promoter & Promoter Group Shares: 595,323,205
  • Public Institutions Shares: 5,877,371
  • Public Non-Institutions Shares: 828,790,222

Resolution-wise Voting Results

Resolution 2: Ordinary Resolution - Director Reappointment

  • Description: To appoint Director in place of Mr. Abhijit Ganesh Shamanur (DIN: 03451918) who retires by rotation
  • Promoter Voting: 514,388,415 votes (86.4049% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 97.0497% in favor, 2.9503% against
  • Overall Result: 522,046,444 votes in favor (99.9554%), 232,804 against (0.0446%) - PASSED

Resolution 3: Ordinary Resolution - Statutory Auditor Appointment

  • Description: To appoint M/s. D G M S & Co., Chartered Accountants (Firm Registration No. 0112187W) for 5 years
  • Promoter Voting: 514,388,415 votes (86.4049% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 97.1295% in favor, 2.8705% against
  • Overall Result: 522,052,744 votes in favor (99.9566%), 226,504 against (0.0434%) - PASSED

Resolution 4: Ordinary Resolution - Cost Auditor Remuneration

  • Description: Ratification of Remuneration of Cost Auditor for FY 2026-27
  • Promoter Voting: 514,388,415 votes (86.4049% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 97.1498% in favor, 2.8502% against
  • Overall Result: 522,054,344 votes in favor (99.9569%), 224,904 against (0.0431%) - PASSED

Resolution 5: Ordinary Resolution - Share Capital Increase

  • Description: Increase in Authorised Share Capital and Alteration of Capital Clause
  • Promoter Voting: 514,388,415 votes (86.4049% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 94.4188% in favor, 5.5812% against
  • Overall Result: 521,838,843 votes in favor (99.9157%), 440,405 against (0.0843%) - PASSED

Resolution 6: Special Resolution - Loans/Investments Authorization

  • Description: To make loans/investments/provide security/guarantee in excess of section 186 limits
  • Promoter Voting: 514,388,415 votes (86.4049% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 91.7743% in favor, 8.2257% against
  • Overall Result: 521,630,173 votes in favor (99.8757%), 649,075 against (0.1243%) - PASSED

Resolution 8: Special Resolution - Preferential Warrants to Promoter

  • Description: Issue of Convertible Equity Warrants on Preferential Basis to Promoter
  • Promoter Interest: Yes
  • Promoter Voting: 87,822,501 votes (14.7521% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 97.0864% in favor, 2.9136% against
  • Overall Result: 95,483,430 votes in favor (99.7598%), 229,904 against (0.2402%) - PASSED

Resolution 9: Ordinary Resolution - Related Party Transactions

  • Description: Approval of Material Related Party Transaction(s)
  • Promoter Interest: No
  • Promoter Voting: 0 votes (0% participation)
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 94.4188% in favor, 5.5812% against
  • Overall Result: 7,450,428 votes in favor (94.4188%), 440,405 against (5.5812%) - PASSED

Resolution 10: Special Resolution - Overseas Subsidiary Asset Disposal

  • Description: Approval for transactions involving dilution of shareholding and/or disposal/transfer of assets of overseas wholly-owned subsidiary
  • Promoter Voting: 514,388,415 votes (86.4049% participation), 100% in favor
  • Public Non-Institutions: 7,890,833 votes (0.9521% participation), 91.7173% in favor, 8.2827% against
  • Overall Result: 521,625,674 votes in favor (99.8749%), 653,574 against (0.1251%) - PASSED

Invalid Votes Details

  • Public Institutions: 5,877,371 invalid votes
  • Public Non-Institutions: 0 invalid votes
  • Promoter and Promoter Group: 0 invalid votes

Scrutinizer Process Details

  • Remote e-voting period: September 9, 2026 (9:00 AM IST) to September 11, 2026 (5:00 PM IST)
  • E-voting service provider: National Securities Depository Limited (NSDL)
  • Votes unblocked on September 11, 2026 at 5:00 PM IST in presence of witnesses Ms. Rishika Katariya and Ms. Shruti Dubey
  • Physical voting available during AGM for members who didn't vote remotely
  • Report generated from NSDL e-voting website https://www.evoting.nsdl.com/

Additional Information

The voting results are available on company website https://davangeresugar.com and NSDL website https://www.evoting.nsdl.com. The results are also displayed at the Registered Office of the Company.