General Updates

On the Letterhead of the Company CIN:L10721KA1970PLC001949 L10721KA1970PLC001949 October 07, 2026 BSE Limited National Stock Exchange of India Limited Corporate Relationship Department Listing Department, Exchange Plaza, C-1, Block G, Phiroze Jeejeebhoy Towers, Dalal Street, Bandra Kurla Complex, Bandra (E), Mumbai – 400 001 Mumbai – 400 051 Scrip Code: 543267 NSE Symbol: DAVANGERE Subject: Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 – Disclosure of Corrigendum/clarification to the Notice of the 55th Annual General Meeting (Item No. 8 – Issue of Convertible Equity Warrants on Preferential Basis to Promoter) Ref: NSE letter Ref. No. NSE/LIST/57029 dated October 01, 2026 (in-principle approval for listing of 106411079 Equity Shares to be allotted pursuant to conversion of warrants issued on preferential basis) Dear Sir/Madam, Pursuant to Regulation 30 read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), we wish to inform you as under: 1. The 55th Annual General Meeting of the Company was held on Saturday, September 12, 2026 at 11:00 A.M. at Thogataveera Samudhaya Bhavana, MCC “A” Block, Davangere – 577 004, wherein the Members approved, by way of Special Resolution under Item No. 8, the issue of up to 10,64,11,079 Convertible Equity Warrants on a preferential basis to the Promoters of the Company, at an issue price of ₹3.77 per Warrant, aggregating to ₹40,11,69,768.24. 2. The Company has applied to the Exchanges for in-principle approval for said conversion of the loan into Convertible Warrants. In this regard, the National Stock Exchange of India Limited, vide its letter referred above, has made certain observations on the Notice of the AGM, pertaining to (a) the description of the nature of consideration and (b) the disclosure of the current and proposed status of the allottees. 3. In view of the above, the Company has issued a Corrigendum to the Notice of the 55th Annual General Meeting, a copy of which is enclosed herewith, making the following corrections/additions: Sr. Particulars of correction 1 Nature of consideration for the issue of Convertible Equity Warrants (Item No. 8 resolution and Explanatory Statement): the expression “consideration other than cash” is corrected to “consideration in cash, to be discharged by way of conversion/adjustment of the outstanding unsecured loans” wherever it appears; the loan amount is uniformly stated as ₹40,11,69,768.24. 2 Disclosure of the current and proposed status of the Proposed Allottees (Promoter / Promoter & Promoter Group – no change in category), along with pre- and post-issue shareholding. On the Letterhead of the Company CIN:L10721KA1970PLC001949 L10721KA1970PLC001949 4. This Corrigendum/Clarification is being issued pursuant to the observations of NSE and shall be read together with the Notice of the 55th Annual General Meeting for information and record of the shareholders and other stakeholders. The issuance of this Corrigendum/Clarification does not reopen or modify the voting already concluded on Item No. 8. The Corrigendum is also being uploaded on the website of the Company at www.davangeresugars.com. You are requested to kindly take the above information on record. Thanking you, Yours faithfully, For Davangere Sugar Company Limited Shamanur Shivashankarappa Ganesh Managing Director DIN: 00451383 Encl.: As above SUGAR COMPANY LIMITED CIN:L10721KA1970PLC001949 CORRIGENDUM TO THE NOTICE OF THE 55TH ANNUAL GENERAL MEETING (Item No. 8 - Issue of Convertible Equity Warrants on Preferential Basis to Promoter) Dear Members, This Corrigendum is issued in continuation of, and should be read together with, the Notice of the 55th Annual General Meeting (“Notice”) of Davangere Sugar Company Limited (“Company”), which was held on Saturday, September 12, 2026 at 11:00 A.M. at Thogataveera Samudhaya Bhavana, MCC “A” Block, Davangere — 577 004. 1. Background The Members approved Item No. 8 of the Notice, being a Special Resolution for the issue of up to 10,64,11,079 Convertible Equity Warrants, each convertible into one Equity Share of face value X1/- each, at an issue price of X3.77 per Warrant, aggregating to %40,11,69,768.24, on a preferential basis to the Promoters of the Company, by way of conversion/adjustment of the outstanding unsecured loans advanced by them. The 55th Annual General Meeting of the Company was duly convened and conducted on Saturday, September 12, 2026 at 11:00 A.M. at Thogataveera Samudhaya Bhavana, MCC “A” Block, Davangere — 577 004, with remote e-voting and voting through electronic voting at the meeting. Item No. 8 was considered as a Special Resolution and was passed by the requisite majority, as more than three-fourths of the votes cast were in favour of the resolution. The voting results on Item No. 8 are as under: Particulars Remotee- | Remotee- | E-votingat | E-votingat | Consolidated: | Consolidated: | % of votes to voting: No. | voting: No.of | AGM:No. | AGM:No.of No. of No.of Shares | total valid votes of Members Shares. of Members Members cast Voted in favour of the | 116 9,39,31,923 317 1551507 | 433 9,54,83,430 99.7598 resolution Votes against the 7 2,29904 0 0 7 2,29904 0.2402 resolution Invalid votes / s 432443285 |0 0 H 43,24,43,285 0.0000 Abstained / Less voted The above resolution has been passed by the requisite majority, as more than three-fourths of the votes were cast in favour of the resolution. For determining the aforesaid voting percentage and requisite majority, the votes cast by the Promoters and Promoter Group who are interested in the proposed preferential issue have not been considered. The Company has applied to National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) for in- principle approval for listing of 106411079 Equity Shares to be allotted pursuant to conversion of the said Warrants. In response, NSE, vide its letter Ref: NSE/LIST/57029 dated October 01, 2026 (“NSE Letter”), has made the following observations on the Notice of the AGM: (a) In the resolution it is mentioned that “The Convertible Warrants are being issued for consideration other than cash, by way of conversion/adjustment of the outstanding loan amounting to %40,11,69,768.24” However conversion of loan is not consideration other than cash and it /has been observed that the same is mentioned in multiple places; and Factory & Admin Office: Kukkuwada - 577 525. Davangere Taluk & District. Karnataka State. INDIA Phone PBX : 08192 201623,24,25,26,28,29 Accounts Direct : 08192-201789 Fax No: 08192 201627 emall : davangeresugars@gmall.com, accounts@ davangeresugars@gmall.com, Website : www.davangeresugars.com Regd. Office : 73/1,P.8.No. 312, Shamanuru Road, Davangere - 577 004. Karnataka State. INDIA Corporate Office No. 19, Shivashankar Plaza, 3 Floor, Richmond Circle, Lalbagh Road, Bangalore - 560 027, Kamataka State. INDIA Phone : 080-22272183 Fax : 080-22222779 SUGAR COMPANY LIMITED CIN:L10721KA1970PLC001949 (b) Kindly mention current and proposed status of allottees. In compliance with the above, and to ensure that the Notice correctly and completely sets out the particulars of the preferential issue, the Company hereby issues this Corrigendum and makes the corrections/additions set out below. Since the 55th Annual General Meeting has already been concluded and Item No. 8 has already been approved by the Members by the requisite majority, this Corrigendum/Clarification is being issued pursuant to the observations of NSE solely to correct/clarify the description of the nature and manner of discharge of consideration and to provide the additional disclosure regarding the status of the Proposed Allottees. The Corrigendum/Clarification does not seek to reopen the voting on Item No. 8 or alter the commercial terms of the preferential issue approved by the Members. 2. Correction in respect of the na [Showing first 8,000 characters — download PDF for full document]