Meeting Details

The 55th Annual General Meeting of Davangere Sugar Company Limited was held on September 12, 2026 (contradiction in document: Annexure A states September 09, 2026, while cover letter states September 12, 2026).

  • Time: Commenced at 11:00 A.M., concluded at 11:45 A.M.
  • Venue: Thogataveera Samudhaya Bhavana, M.C.C. 'A' Block, Davangere – 577004
  • Attendance: 340 members attended the meeting

Persons Present

Directors and Key Managerial Personnel Present:

  • Mr. Shamanur Shivashankarappa Ganesh (Chairman and Managing Director, DIN: 00451383)
  • Mr. Abhijith Ganesh Shamanur (Executive Director)
  • Mrs. Hima Bindu Sagala (Independent Director)
  • Mrs. Swathi Shamanur (Non-Executive Director)
  • Mr. Onkarappa P (Chief Financial Officer)
  • Mr. Vishwanath Patil (Company Secretary and Compliance Officer)

Leave of Absence Granted To:

  • M/s. D.G.M.S & Co., Chartered Accountants (Statutory Auditors)
  • CS Prashanth D Shedbal (Secretarial Auditors)
  • Mrs. Vineeta Dilip Modak (Independent Director, DIN: 10763274)
  • Mr. Achal Kapoor (Independent Director, DIN: 09150394)

Voting Process

  • Remote e-voting was provided from September 09, 2026 (9:00 a.m.) to September 11, 2026 (5:00 p.m.)
  • Polling papers were provided at the AGM for members who had not voted remotely
  • Ms. Ashwini Inamdar, Practicing Company Secretaries, Mumbai, was appointed as scrutinizer
  • Voting results to be announced within two working days of conclusion of AGM and submitted to stock exchanges

Business Transacted

Ordinary Business:

1. Adoption of Audited Financial Statements for financial year ended March 31, 2026, together with Reports of Board of Directors and Auditors

2. Re-appointment of Mr. Abhijith Ganesh Shamanur (DIN: 03451918) who retires by rotation under Section 152(6) of Companies Act, 2013

3. Appointment of M/s. D G M S & Co., Chartered Accountants (Firm Registration No. 0112187W) as Statutory Auditors for five consecutive years and authorization to Board to fix their remuneration

Special Business:

4. Ratification of Remuneration of Cost Auditor for FY 2026-27

5. Increase in Authorised Share Capital of the Company and alteration of Clause V of Memorandum of Association

6. Approval for making loans or investments, providing guarantees and/or securities in excess of limits prescribed under Section 186 of Companies Act, 2013

7. Approval for making investments in overseas wholly owned subsidiaries, subsidiaries, step-down subsidiaries, joint ventures and other overseas entities up to USD 100 Million (or its equivalent)

8. Issue of 10,64,11,079 (10,64,11,079) Convertible Equity Warrants on preferential basis to Promoter Group by way of conversion/adjustment of outstanding loan into equity

9. Approval of Material Related Party Transaction(s) with Aurevant Global Limited and related arrangements in connection with proposed bridge financing facility

10. Approval for transactions involving dilution of shareholding and/or disposal/transfer of assets of overseas wholly-owned subsidiary, Aurevant Global Limited

Additional Information

  • Registers as required under Companies Act, 2013 were made available for inspection
  • Chairperson(s) of Audit Committee, Nomination and Remuneration Committee, and Stakeholder Relationship Committee were present
  • Detailed voting results to be submitted separately under Regulation 44(3) of SEBI LODR Regulations