Davangere Sugar Company Limited has intimated the stock exchanges about an upcoming meeting of its Board of Directors. The meeting is scheduled to be held on 2nd July 2026.
The primary agenda of the board meeting is to consider and approve the proposal for the issuance of Unsecured Foreign Currency Convertible Bonds (FCCBs). This consideration is being made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, specifically referencing Regulation 29(1)(d).
The company has already obtained necessary shareholder approval for this fundraising through an Extra-Ordinary General Meeting held on April 24, 2026. Additionally, the company has received in-principle approval letters from both BSE Limited and National Stock Exchange of India Limited, which were granted on June 10, 2026.
The final issuance of FCCBs remains subject to receipt of applicable regulatory and statutory approvals beyond the board's consideration. The disclosure was digitally signed by S S Ganesh, Managing Director (DIN: 00451383), and Ganesh Shivashankarappa Shamanur on June 29, 2026, at 17:42:02 IST.