Outcome of Board Meeting

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: 03rd July 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Dalal Street, Fort, Exchange Plaza, Bandra Kurla Complex, 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’) - Foreign Currency Convertible Bonds ("FCCBs"). Dear Sir / Madam, In continuation of Company’s Intimation dated 29th and 30th June 2026 and in furtherance to the Communication made by the Company regarding (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 and its equivalent in foreign currency and in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at their meeting held today, has approved inter-alia followings; (a) Approved Unsecured Foreign Currency Convertible Bonds in an aggregate principal amount of USD 100,000,000, comprising 1,000 Bonds of USD 100,000 each, bearing a coupon of 2% per annum and issued at a 15% discount to their principal amount (an aggregate issue price of US$85,000,000), maturing on July 09, 2031. (b) Approved the terms and conditions of FCCBs in the final Offering Circular. (c) Approved opening of the FCCB issue on 06th July 2026, subject to obtaining the ISIN from Afrinex Stock Exchange, Republic of Mauritius. (d) Approved the 'Relevant Date' for the purpose of the FCCB Issue as 03rd July 2026 in accordance with the Issue of Foreign Currency Convertible Bonds and Ordinary Shares (Through Depository Receipt Mechanism) Scheme, 1993, as amended ("FCCBs Guidelines") and accordingly, the regulatory floor price as determined in accordance with the FCCBs Guidelines. The Meeting commenced at 5.30 PM and concluded at 7.30 PM The details required to be disclosed as per Regulation 30 of SEBI Listing Regulations read with SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed herewith as Annexure – A. 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 Off ice 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 Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with SEBI Circular SEBI/HO/CFD/CFD-PoD- 1/P/CIR/2023/123 dated July 13, 2023. Sr. No. Particulars Details a) T ype of securities proposed to be issued Foreign Currency Convertible Bonds (FCCBs) b) T ype of issuance International offering c) T otal number of securities proposed to be issued USD 1000 Unsecured Foreign Currency Convertible or the total amount for which the securities will be Bonds at USD 100,000 each issued (approximately) d) I n case of preferential issue the listed entity shall Not Applicable disclose the following additional details to the stock exchange(s) e) I n case of bonus issue the listed entity shall disclose Not Applicable the following additional details to the stock exchange(s) f) I n case of issuance of depository receipts (ADR/GDR) or FCCB the listed entity shall disclose following additional details to the stock exchange(s) N ame of the stock exchange(s) where AFRINEX STOCK EXCHANGE (AFRINEX ADR/GDR/FCCBs are listed (opening – closing LIMITED), REPUBLIC OF MAURITIUS. status) / proposed to be listed; P roposed no. of equity shares underlying the The number of Equity Shares to be issued upon ADR/GDR or on conversion of FCCBs; conversion of FCCBs will be calculated by dividing Nominal amount of FCCB converted at INR based on the Foreign Exchange rate as on date of Conversion divided by the Conversion Price of INR 3.60 per Equity Shares. (Based on regulatory Floor Price of INR 3.60). Based on current exchange rate of 95.2408 (source RBI Website), the number of Equity Shares underlying all FCCBs will be 264,55,77,778. (approximately) a ) proposed date of allotment; 09th July 2026 b) tenure; 5 (five) years from the Date of Allotment c) date of maturity; and 09th July 2031 d) coupon offered, if any of FCCB’s 2.0% per annum I ssue price of ADR/GDR/FCCBs (in terms of Based on RBI Reference Exchange rate as on date of the USD and in INR after considering conversion Meeting (i.e. July 03, 2026 - 95.2408), the FCCB issue of rate); USD 100 Million will be equivalent to INR 952,40,80,000. (approximately) c hange in terms of FCCBs, if any; Not Applicable d etails of defaults, if any, by the listed entity in Nil payment of coupon on FCCBs & subsequent updates in relation to the default, including the details of the corrective measures undertaken (if any); Factory and : Kukkuwada – 577 525. Davangere Taluk & District. Karnataka State. INDIA Admin Off ice 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 g) I n case of issuance of debt securities or other non- Not Applicable convertible securities the listed entity shall disclose following additional details to the stock exchange(s) h) A ny cancellation or termination of proposal for Not Applicable issuance of securities including reasons thereof Factory and : Kukkuwada – 577 525. Davangere Taluk & District. Karnataka State. INDIA Admin Off ice 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