This disclosure, made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informs of the outcome of a Board of Directors meeting held on 09th July 2026.

The Board meeting, which commenced at 11:30 AM and concluded at 12:00 NOON, was a follow-up to previous intimations dated 29th June 2026 and 30th June 2026.

The Board, after noting the receipt of subscription money aggregating USD 85 Million, considered and approved the allotment of Unsecured Foreign Currency Convertible Bonds (FCCBs). The bonds were allotted at a 15% discount of the issue price.

The key terms of the allotted FCCBs are as follows:

  • Type of Security: Foreign Currency Convertible Bonds (FCCBs)
  • Aggregate Amount / Issue Size: USD 100 Million (United States Dollars One Hundred Million)
  • Number of FCCBs Allotted: 1000
  • Face Value per Bond: USD 100,000
  • Coupon Rate: 2% per annum
  • Tenure: Up to 5 Years (60 Months), with a Maturity date of 09th July 2031

The disclosure is signed by S S Ganesh, Managing Director (DIN: 00451383), on behalf of Davangere Sugar Company Limited (CIN: L10721KA1970PLC001949).