Davangere Sugar Company Approves Preferential Issue of Convertible Warrants and Releases Q1 Financials
Davangere Sugar Company Limited has announced the outcome of its Board meeting held on August 14, 2026. The company approved a preferential issue involving the allotment of Convertible Warrants, superseding a previous proposal regarding debt-to-equity conversion. Furthermore, the company released its Unaudited Financial Results for the quarter ended June 30, 2026.The Board meeting considered and ratified the issue and allotment of 10,64,11,079 Convertible Warrants. These warrants were issued for an aggregate amount of ₹40,11,69,768 at an issue price of ₹3.77 per warrant. This preferential allotment is subject to statutory and regulatory approvals, including shareholder approval.
The company's management provided the financial performance details alongside a Limited Review Report from M/s DGMS & Co., Statutory Auditors, regarding the Unaudited Financial Results for the quarter ending June 30, 2026.
Q1 FY2026 Financial Performance Overview
Davangere Sugar Company reported specific operational and financial metrics for the quarter ended June 30, 2026 (Unaudited). Key figures from the Statement of Standalone Unaudited Financial Results are summarized below:| Metric | Quarter Ended 30.06.2026 (Un-audited) (Rs. in Lakhs) |
|---|---|
| Total Income (I+II) | 3,520.33 |
| Total Expenses (IV) | 3,392.24 |
| Profit before tax (VII) | 128.09 |
| Net Profit for the period from continuing operations (IX) | 93.84 |
Consolidated Segment Results
The company reported its financial performance across various segments during the quarter ended June 30, 2026. The results reflect a mix of performance across Sugar, Distillery, and Co Generation units.The table below shows the comparative data for key operational metrics:
| Particulars | Qtr Ended 30-Jun-26 (Un-audited) | Qtr Ended 31-Mar-26 (Audited) | Qtr Ended 30-Jun-25 (Un-audited) | Year Ended 31-Mar-26 (Audited) | Year Ended 31-Mar-25 (Audited) |
|---|---|---|---|---|---|
| Income from operations | 3,520.33 | 8,448.91 | 2,453.29 | 24,109.89 | 21,675.60 |
| Total Expenses | 3,392.24 | 8,308.12 | 2,280.79 | 23,010.98 | 20,389.71 |
| Net Profit for the period from continuing operations | 93.84 | 194.99 | 130.42 | 850.66 | 1,093.71 |
Segment-Wise Revenue and Performance
The company's revenue streams were analyzed across four main segments: Sugar, Co Generation, Aviation, and Distillery.Segment revenues for the quarter ended 30-Jun-26 are detailed in the following table (all figures in Lakhs):
| Segment | Qtr Ended 30-Jun-26 Revenue | Qtr Ended 31-Mar-26 Revenue | Qtr Ended 30-Jun-25 Revenue | Year Ended 31-Mar-26 Revenue | Year Ended 31-Mar-25 Revenue |
|---|---|---|---|---|---|
| Sugar | (441.80) | 277.56 | (337.21) | 320.16 | -2,289.62 |
| Co Generation | (273.02) | (659.75) | (109.89) | -728.05 | -608.17 |
| Aviation | (22.13) | (55.95) | (39.62) | -130.24 | 384.50 |
| Distillery | 1,583.96 | 997.04 | 1,335.92 | 4,265.05 | 6,514.44 |
| Total | 847.01 | 558.90 | 849.20 | 3,726.92 | 4,001.15 |
The company's total segment assets stood at 87,468.19 Lakhs for the quarter ended 30-Jun-26.
DAVANGERE Stock Price Movement
On Friday, shares of Davangere Sugar Company Limited edged higher to close at ₹3.01 after gaining 1.34%. The stock traded within a tight intraday band, ranging between ₹2.99 and ₹3.03.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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