Davangere Sugar EGM Approves Capital and Borrowing Resolutions

Davangere Sugar held its 1st EGM for FY27 on April 24, 2026, to vote on five key resolutions including capital and borrowing increases.
Shareholders approved increasing authorized share capital and enhancing the company's borrowing limits beyond statutory thresholds.
Resolutions passed included creating charges on assets, raising foreign investment limits, and fundraising via FCCB/ECB routes.
The meeting, attended by 235 members, concluded after conducting a poll on all agenda items as per SEBI LODR regulations.