Outcome of Board Meeting

CIN: L10721KA1970PLC001949 August 14, 2026 BSE Limited National Stock Exchange of India Corporate Relationship Department Corporate Service 1st 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 Sub.: Outcome of Board Meeting dated August 14, 2026. Dear Sir/Madam, Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”), we hereby inform that the Board of Directors of the Company at their meeting held on Friday, August 14, 2026 has, inter‐alia, considered and approved: 1. The Unaudited Financial Results of the Company for the quarter ended June 30, 2026. We have enclosed herewith a copy of the approved Unaudited Financial Results along with the Limited Review Report issued by M/s DGMS & Co., Statutory Auditors of the Company. 2. With reference to the intimation of the outcome of the Board Meeting dated July 28, 2026, wherein the Board had considered and approved the proposal for conversion of loans into Equity Shares and/or Convertible Warrants of the Company, subject to the approval of the shareholders and receipt of applicable statutory and regulatory approvals, the Board, at its meeting held on August 14, 2026, i.e. today, has, in supersession of the aforesaid proposal and intimation, and in view of certain exigencies and consequential considerations, reconsidered the matter and approved the issue and allotment of 10,64,11,079 Convertible Warrants for an aggregate amount of ₹40,11,69,768, at an issue price of ₹3.77 per Convertible Warrant, by way of preferential issue, in accordance with the applicable provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, the Companies Act, 2013 and the rules made thereunder, as amended from time to time, and subject to such statutory, regulatory and other approvals, including the approval of the shareholders of the Company, as may be required. Accordingly, the proposal approved by the Board on July 28, 2026, stands superseded by the aforesaid proposal approved by the Board at its meeting held on August 14, 2026. The relevant details as required under Schedule III of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, as CIN: L10721KA1970PLC001949 amended, are enclosed as Annexure. The meeting of Board of Directors commenced at 03:30 P.M. (IST) and concluded on 04:00 P.M. (IST). Kindly acknowledge and take the same on record. Thanking You, For Davangere Sugar Company Limited S.S. Ganesh Managing Director DIN: 00451383 Encl. as above CIN: L10721KA1970PLC001949 Annexure Issuance of Securities: Sr No. Details of Information required to be provided Information of such event(s) 1 type of securities proposed to be issued (viz. Equity Shares pursuant to conversion of equity shares, convertibles etc.); Warrants Preferential allotment 2 type of issuance (further public offering, rights issue, depository receipts (ADR/GDR), qualified institutions placement, preferential allotment etc.); 3 total number of securities proposed to be issued Rs. 40,11,69,768/- coversted into warrant or the total amount for which the securities will Rs.3.77 issue price of the warrants be issued (approximately); aggregating to 10,64,11,079 number of warrants to be allotted, 4 in case of preferential issue the listed entity shall disclose the following additional details to the stock exchange(s): Mr. Ganesh Shivashankarappa Shamanur, i. names of the investors; Promoter ii. post allotment of securities - outcome of the Mr. Abhijith Ganesh Shamanur, Promoter subscription, issue price / allotted price (in case of convertibles), number of investors; Rs. 3.77 issue price of the warrants iii. in case of convertibles - intimation on conversion of securities or on lapse of the tenure aggregating to 10,64,11,079 number of of the instrument; warrants to be allotted 5 in case of bonus issue the listed entity shall Not applicable disclose the following additional details to the stock exchange(s): i. whether bonus is out of free reserves created out of profits or share premium account; ii. bonus ratio; iii. details of share capital - pre and post bonus issue; iv. free reserves and/ or share premium required for implementing the bonus issue; v. free reserves and/ or share premium available for capitalization and the date as on which such balance is available; vi. whether the aforesaid figures are audited; vii. estimated date by which such bonus shares CIN: L10721KA1970PLC001949 would be credited/dispatched; 6 in case of issuance of depository receipts Not applicable (ADR/GDR) or FCCB the listed entity shall disclose following additional details to the stock exchange(s): 7 in 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): i. size of the issue; ii. whether proposed to be listed? If yes, name of the stock exchange(s); iii. tenure of the instrument - date of allotment and date of maturity; iv. coupon/interest offered, schedule of payment of coupon/interest and principal; v. charge/security, if any, created over the assets; vi. special right/interest/privileges attached to the instrument and changes thereof; vii. delay in payment of interest / principal amount for a period of more than three months from the due date or default in payment of interest / principal; viii. details of any letter or comments regarding payment/non-payment of interest, principal on due dates, or any other matter concerning the security and /or the assets along with its comments thereon, if any; ix. details of redemption of preference shares indicating the manner of redemption (whether out of profits or out of fresh issue) and debentures; 8 any cancellation or termination of proposal for Not Applicable. issuance of securities including reasons thereof. M/s. DAVANGERE SUGAR COMPANY LIMITED. Kukkuwada, Davanagere Tq & Dist. Registered Office : 73/1,P.B.No.312,Shamanur Road,Davanagere-577004. Email: davangeresugars@gmail.com: www.davangeresugar.com CIN : L10721KA1970PLC001949 Phone: (08192) 201623 to201626 STATEMENT OF STANDALONE UN AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2026 Rs.in Lakhs For the quarter ended For the Year ended Sr.No. 30.06.2026 Un- 31-03-2026 30.06.2025 31-03-2026 31-03-2025 audited Audited Un-audited Audited Audited I Revenue from operations 3,471.56 8,382.38 2,407.01 2 3,877.26 2 1,498.53 II Other income 48.77 6 6.53 46.28 2 32.63 1 77.07 III Total Income (I+II) 3,520.33 8,448.91 2,453.29 2 4,109.89 2 1,675.60 IV Expenses (a) Cost of materials consumed 1,230.38 4,770.27 1,064.95 1 5,115.37 1 3,349.14 (b) Changes in inventories of finished goods and work-in-progress 319.57 1,910.62 -449.51 - 630.42 -1,441.64 (d) Employee benefits expense 195.20 2 31.73 189.82 8 22.80 8 35.79 (e) Finance Cost 718.92 4 52.81 695.24 2,724.68 2 ,819.35 (f) Depreciation and amortisation expense 317.67 3 17.70 317.51 1,270.25 1 ,269.90 (g) Other expenses 374.88 5 31.11 348.89 2,101.63 2 ,550.95 (h) Power & Fuel 235.61 9 3.88 113.89 1,606.67 1 ,006.22 Total Expenses (IV) 3,392.24 8,308.12 2,280.79 2 3,010.98 2 0,389.71 V Profit before exceptional items and tax (III-IV) 128.09 1 40.79 172.50 1,098.91 1 ,285.90 VI Exceptional items - - - - - VII Profit after exceptional items and before tax (V-IV) 1 28.09 140.79 172.50 1,098.91 1,285.90 VIII Tax expenses -Current year 3 5.64 - 27.06 30.14 2 39.49 2 24.67 - Deferred tax (Net of Mat credit entitlement) -1.39 - 27.14 11.94 8 .76 -32.48 - Prior period tax expense - - IX Net Profit for the period from continuing operations (VII-VIII) 93.84 1 94.99 130.42 8 50.66 1,093.71 X Other Comprehensive Income/(Loss) A (i) items that wi [Showing first 8,000 characters — download PDF for full document]