Intimation of receipt of in-principle approval for issue of warrants on preferential basis

SUGAR COMPANY LIMITED CIN: L10721KA1970PLC001949 23rd October, 2026 BSE Limited National Stock Exchange of India 1% Floor, New Trading Ring, Exchange Plaza, Rotunda bldg., P.J. Towers, Bandra Kurla Complex, Dalal Street, Mumbai- 400001 Bandra (East), Mumbai -400051 Scrip Code: 543267 NSE Symbol: DAVANGERE Subject: Intimation of receipt of in-principle approval for issue of warrants on preferential basis Dear SirYMadam, ‘We hereby inform you that the Company has received in-principle approvals from BSE Limited and National Stock Exchange of India Limited for the issue of 10,64,11,079 convertible equity warrants, each convertible into one equity share of face value Re. 1/- each, at an issue price of Rs. 3.77 per ‘Warrant, on a preferential basis to the promoters of the Company, as approved by the shareholders of the Company. The details of the in-principle approvals are as under: Exchange Letter Reference Date BSE Limited LOD/PREF/SS/FIP/991/2026- | 22nd October, 2026 National Stock Exchange of NSE/LIST/57029 22nd October, 2026 India Limited Copies of the approval letters are enclosed for your reference. ‘We request you to take the above information on record. Thanking you, For Davangere Sugar Company Limited S.S.Ganesh Managing Director DIN: 00451383 Encl.: As above 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 email : davangeresugars@amail.com, accounts@ davangeresugars@amail.com, material.dscl@gmail.com Website : www.davangeresugars.com Regd. Office : 73/1,P.B.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, Karnataka State. INDIA Phone : 080-22272183 Fax : 080-22222779 The Power of Vibrance LOD/PREF/SS/FIP/991/2026-27 October 22, 2026 The Company Secretary, Davangere Sugar Company Ltd. 73/1, P.B. No. 312, Shamanur Road, Davangere, null, Karnataka- 577004. Re: ‘In-principle’ approval under Regulation 28o(f th1e S)EBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. Dear Sir/Madam, We refer to your application seeking our “In-principle approval for the issue of 10,64,11,079 warrants convertible into 10,64,11,079 equity shares of Re.1/- each at a price not less than Rs. 3.77/- to promoters on a preferential basis”. The Exchange hereby grants its ‘in-principle’ approval for the aforesaid issue. This ‘in-principle’ approval should not be construed as our approval for listing of aforesaid security, and you are required to duly and separately comply with the requirements in respect thereof. You are advised to ensure that the issue and allotment of securities is strictliyn accordance with the provisions of the Companies Act, 2013, Securities Contracts (Regulation) Act, 1956, the Securities and Exchange Board of India Act, 1992, the Depositories Act, 1996 including the Rules, Regulations, Guidelines, etc. made there under, Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (ICDR Regulations), the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 (LODR Regulations) and the Listing Agreement signed with us. In addition, you shall also obtain such statutory and other approvals as are required for the purpose. Further, the company is advised to strengthen internal controls (to monitor trades being executed by the proposed allottees in the scrip of the company) before allotment of securities in order to avoid any non-compliances in respect of trades being executed by the allottees in contravention to provisions of Chapter V of SEBI (ICDR) Regulations. In this regard, a) Company is advised to obtain an undertaking from the allottee(s) confirming that they shall notdo intra-day trading in the scrip of the compaorn ayny sale in the scripof the company till the allotment date of the security as required under SEBI (ICDR) Regulations. Registered Office: BSE Limited, Floor 25, P J Towers, Dalal Street, Mumbai 400001, India. T: +91 22 2272 1234/33 | E: corp.comm@bseindia.com www.bseindia.com | Corporate Identity Number : L67120MH2005PLCISS188 The Power of Vibrance b) The company may note that the responsibility/onus is solely on the Issuer company to verify the above (a) and ensure compliance with applicable provisions including Regulation 167(6) of SEBI ICDR regulations, 2018. c) The company may also note that any non-compliances, if observed by the exchanges post the undertakianngd verification by the Issuer company may impact the listing of such shares. On allotment of securities pursuant to this ‘in principle’ approval you are required to make a listing application without delay, with applicable fees, in terms of Regulation 14 of the LODR Regulations and comply with the post issue formalities. Listing application and the checklist for post issue listing formalities can be downloaded from the link: https://www.bseindia.com/static/about/downloads.aspx. Further, it should be noted by Depositories and the Company that in case of allotment of Convertible Securities, there would be automatic release of excess lock-in period of Pre-Preferential Holding of allottees by Depositories in compliance with SEBI(ICDR) Regulations,2018 without requirement of any NOC by the Exchange. In addition to above, the company should note that as per Schedule XIX - Para (2)of ICDR Regulations and as specified in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023, “the issuer or the issuing company, as the case may be, shall, make an application for listing, within twenty days from the date of allotment, to one or more recognized stock exchange(s)” along with the documents specified by stock exchange(s) from time to time. Any Non-compliance with the above requirement will attract, the fine as mentioned in SEBI circular no. SEBI/HO/CFD/PoD-2/P/CIR/2023/00094 dated June 21, 2023. The Exchange reserves its right to withdraw this ‘in-principle’ approval at any stage if the information submitted to the Exchange is found to be incomplete/ incorrect/ misleading/ false or if it contravenes any Rules, Bye-laws and Regulations of the Exchange, LODR Regulations, ICDR Regulations and Guidelines/ Regulations issued by any statutory authorities etc. Yours faithfully, nkK:ar Pujari Sahana Shetty Assistant Vice President Deputy Manager N wirtyso QNSE Ref: NSE/LIST/57029 October 22,2026 The Company Secretary Davangere Sugar Company Limited Dear Sir/Madam, Sub: In - Principle approval under Regulation 28(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 We are in receipt of your application regarding In-principle approval for issue of 10,64,11,079 Equity Shares of Re. 1/- each pursuant to conversion of warrants issued under Preferential basis in terms of Regulation 28(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. In this regard, the Exchange is pleased to grant in-principle approval for the said issue subject to the Company fulfilling the following conditions: 1. Filing the listing application at the earliest from the date of allotment. 2. Receipt of statutory and other approvals and compliance of guidelines/regulations issued by the statutory authorities including SEBIL, RBI, MCA, etc. 3. Compliance with all the applicable guidelines, regulations, directions of the Exchange or any statutory authorities as on the date of listing application. 4. Compliance of all conditions as per the SEBI (LODR) Regulations, 2015 as on date of listing, Companies Act, 1956 / Companies Act, 2013 and other applicable laws. 5. Submissions of documents as may be required by NSE and payment of applicable fees. Further, the company is advised to strengthen internal controls (to monitor trades being executed by the proposed allottees in the scrip of the company) before [Showing first 8,000 characters — download PDF for full document]