Davangere Sugar Company Schedules Board Meeting to Consider Issuance of Foreign Currency Convertible Bonds
Davangere Sugar Company Ltd has announced a meeting of its Board of Directors to consider and approve the proposal for issuing Unsecured Foreign Currency Convertible Bonds (FCCBs). The Board meeting is scheduled for July 02, 2026.The scheduling follows prior approvals obtained by the company. Shareholder approval for the issuance was secured during an Extra-Ordinary General Meeting held on April 24, 2026. Additionally, Davangere Sugar Company received in-principle approval letters from BSE Limited and National Stock Exchange of India Limited dated June 10, 2026.
The Board is set to review the FCCB issuance proposal during the meeting, which will take place on July 02, 2026. The final issuance remains subject to the receipt of applicable regulatory and statutory approvals.
DAVANGERE Stock Price Movement
Today, Davangere Sugar Company Limited shares settled at ₹3.59 after the stock closed in post-market trading. The stock traded within a narrow range of ₹3.55 and ₹3.62, with total volume reaching 2.64 million shares.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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