Davangere Sugar announces an Extraordinary General Meeting (EGM) on April 24, 2026, to discuss significant corporate changes. The plans involve increasing share capital to INR 200 crores, expanding borrowing limits up to INR 1500 crores, and securing USD 100 million in funding.

Arihant Capital has offloaded approximately 11.3 million shares of Davangere Sugar Company, with an average selling price of INR 3.75 each, as per the recent NSE bulk trades.

Davangere Sugar has approved a $100 million fundraise, aiming to boost its distillery capacity by 85,000 liters per day and increasing its share capital to 200 crore INR. This expansion aims to strengthen their position in the industry.