Davangere Sugar Company Limited has submitted a regulatory intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 regarding the full subscription of its Foreign Currency Convertible Bonds (FCCBs).
The disclosure follows the Board Meeting outcome dated 03rd July 2026 which approved the opening of an FCCB issue of USD 100 million, not exceeding INR 952,40,80,000 (approximately Rs. 952.41 crore).
The actual issuance comprised 1000 Unsecured Foreign Currency Convertible Bonds issued at a 15% discount of the issue price, aggregating to USD 85 million. The bonds carry a 2% coupon rate.
The FCCB offering has been closed as at the close of business hours on 08th July 2026. The company confirmed that the offering was fully subscribed in terms of the Offering Circular.
The disclosure serves as a formal intimation to the stock exchanges (BSE Limited and National Stock Exchange of India Limited) for record and dissemination purposes.