Investment in Wholly Owned Subsidiary.

D A V A N G E R E S U G A R C O M P A N Y L I M I T E D CIN: L10721KA1970PLC001949 Date: 25th July, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, Bandra Kurla Complex, Dalal Street, Fort, Mumbai- 400 001 Bandra (East), Mumbai - 400 051 Company Code: 543267 Company Symbol: DAVANGERE Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, (‘SEBI Listing Regulations’) -Investment in Wholly Owned Subsidiary. In furtherance to the Communication made by the Company regarding approval of offering circular for FCCB in the board meeting held on July 03, 2026, allotment of FCCB in the board meeting dated July 09, 2026, pursuant to (i) consent of the members of the Company obtained by means of passing Special resolution at the Extra- Ordinary General Meeting held on April 24, 2026 (ii) In-principle approval letter granted by BSE Limited and National Stock Exchange of India Limited on June 10, 2026; and under Regulation 28(1) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 for issue and allotment of Equity Shares towards the proposed issue of the Unsecured Foreign Currency Convertible Bonds (“FCCBs”) for an aggregate amount not exceeding USD 100 Million(at 15% Discount of issue price) and its equivalent in foreign currency and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in terms of the utilization of proceeds of FCCB as approved in the offering circular dated July 03, 2026, we wish to inform you that, in furtherance of the utilization of proceeds of the Foreign Currency Convertible Bonds (“FCCBs”) as contemplated under the Offering Circular dated July 03, 2026, the Board of Directors of the Company at its meeting held today i.e., 25th July, 2026 has approved an investment aggregating to USD 84,950,000 (equivalent to approximately GBP 62,463,235 at the applied exchange rate of 1.36 GBP per USD) in Aurevant Global Limited, UK, a wholly owned foreign subsidiary Company. Pursuant to the aforesaid investment, the Company will be allotted approximately 62,463,235 new Ordinary shares of GBP 1.00 each by Aurevant Global Limited, UK. The details required to be disclosed as per Regulation 30 of SEBI Listing Regulations read with SEBI Master Circular HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, is enclosed herewith as ‘Annexure – A’. The Board Meeting commenced at 11:00 am and concluded at 11:30 am. We request you to kindly take the above information on record. Thanking You, Yours faithfully, For Davangere Sugar Company Limited S S GANESH MANAGING DIRECTOR DIN: 00451383 Factory and : Kukkuwada – 577 525. Davangere Taluk & District. Karnataka State. INDIA Admin Office Phone PBX: 08192-201623-29 Accounts Direct: 08192-201789 Fax No: 08192-201627 email : davangeresugars@gmail.com, accounts@ davangeresugars@gmail.com, material.dscl@gmail.com Website : www.davangeresugars.com Regd. Office : 73/1, P.B.No. 312, Shamanur Road, Davangere 577 004. Karnataka. INDIA Corp. Office : No. 19, Shivashankar Plaza, 3rd Floor, Richmond Circle, Lalbagh Road, Bangalore 560027, Karnataka. INDIA Phone: 080-22272183 Fax: 080-22222779 D A V A N G E R E S U G A R C O M P A N Y L I M I T E D CIN: L10721KA1970PLC001949 Annexure- A Sr. Particulars Details 1 Name of the target entity, details in Name: Aurevant Global Limited, UK brief such as size, turnover etc Paid Up Share Capital: 1,000 Ordinary Shares of GBP 1 each Turnover: Not applicable. since the Company incorporated on June 04, 2026 2 Whether the acquisition would fall Aurevant Global Limited, UK is an existing within related party transaction(s). Wholly Owned Subsidiary of Davangere Sugar whether the promoter/ promoter Company Limited group/ group Companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arm’s length 3 Industry to which the entity being Aurevant Global Limited, UK is in the same line of acquired belongs; business as Davangere Sugar Company Limited (is engaged in the business of ethanol and sugar products in London, United Kingdom) 4 Objects and effects of acquisition This investment is a part of utilization of proceeds (including but not limited to, disclosure of the Foreign Currency Convertible Bonds of reasons for acquisition of target (“FCCBs”) as contemplated under the Offering entity, if its business is outside the main Circular dated July 03, 2026 line of business of the listed entity); 5 Brief details of any governmental or Not Applicable, as the aforesaid investment is regulatory approvals required for the being undertaken under the Automatic Route in acquisition terms of the applicable provisions of the Foreign Exchange Management Act, 1999. However, wherever any approval becomes applicable or is required to be obtained at a subsequent stage, the Company shall obtain the same in accordance with the applicable laws and regulatory requirements. 6 Indicative time for completion of the The indicative timeline for completion of the acquisition necessary procedures under the Overseas Direct Investment framework is expected to be within 10 days. 7 Nature of consideration - whether cash Cash consideration consideration or share swap and details of the same; Factory and : Kukkuwada – 577 525. Davangere Taluk & District. Karnataka State. INDIA Admin Office Phone PBX: 08192-201623-29 Accounts Direct: 08192-201789 Fax No: 08192-201627 email : davangeresugars@gmail.com, accounts@ davangeresugars@gmail.com, material.dscl@gmail.com Website : www.davangeresugars.com Regd. Office : 73/1, P.B.No. 312, Shamanur Road, Davangere 577 004. Karnataka. INDIA Corp. Office : No. 19, Shivashankar Plaza, 3rd Floor, Richmond Circle, Lalbagh Road, Bangalore 560027, Karnataka. INDIA Phone: 080-22272183 Fax: 080-22222779 D A V A N G E R E S U G A R C O M P A N Y L I M I T E D CIN: L10721KA1970PLC001949 8 Cost of acquisition or the price at USD 84,950,000, being equivalent to approximately which the shares are acquired; 62,463,235 GBP at the applied current exchange rate of 1.36 GBP per USD 9 Percentage of shareholding / control 100% acquired and / or number of shares acquired; Approximately 62,463,235 new ordinary shares 10 Brief background about the entity Aurevant Global Limited, UK incorporated as acquired in terms of products/line of Wholly Owned subsidiary company under the business acquired, date of Companies Act 2006 as a private company, the incorporation, history of last 3 years company is limited by shares and registered with turnover, country in which the the Registrar of Companies for England and Wales. acquired entity has presence and any other significant information (in brief); Date of Incorporation: June 04, 2026 History/ Turnover: Not Applicable (Yet to commence business operations). County of incorporation: England, United Kingdom (UK) Factory and : Kukkuwada – 577 525. Davangere Taluk & District. Karnataka State. INDIA Admin Office Phone PBX: 08192-201623-29 Accounts Direct: 08192-201789 Fax No: 08192-201627 email : davangeresugars@gmail.com, accounts@ davangeresugars@gmail.com, material.dscl@gmail.com Website : www.davangeresugars.com Regd. Office : 73/1, P.B.No. 312, Shamanur Road, Davangere 577 004. Karnataka. INDIA Corp. Office : No. 19, Shivashankar Plaza, 3rd Floor, Richmond Circle, Lalbagh Road, Bangalore 560027, Karnataka. INDIA Phone: 080-22272183 Fax: 080-22222779