Davangere Sugar Company Ltd. to Hold Board Meeting, Considers Fundraising
Davangere Sugar Company Ltd. announced that a board meeting is scheduled for Monday, March 30, 2026, at the company's registered office in Davangere, Karnataka. The meeting will address, among other matters, the potential raising of funds through the issuance of equity shares or other securities.The company is considering various fundraising methods, including a public issue, rights issue, American Depositary Receipts (ADRs), Global Depositary Receipts (GDRs), Foreign Currency Convertible Bonds (FCCBs), debt issue, preferential allotment, Qualified Institutions Placement (QIP), or a combination of these options. The fundraising may occur in one or more tranches and is subject to necessary governmental and regulatory approvals.
Trading window for the company’s securities will be closed from Wednesday, March 25, 2026, and will reopen 48 hours after the announcement of the board meeting’s outcome.
Uma Singh, Company Secretary and Compliance Officer (Membership No.: A67187), made the announcement.
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