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 August 25, 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 Dear Sir/Madam, Subject: Intimation under Regulation 30 of SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, (‘SEBI Listing Regulations’) - Allotment of equity shares upon conversion of Unsecured Foreign Currency Convertible Bonds (‘FCCBs’). This is to inform you that based on Conversion Notices received from the following FCCB holders, for conversion of an aggregate of 100 (One Hundred) FCCBs of principal value of USD 1,00,000 each aggregating to USD 10,000,000 (Ten Million United States Dollars) (converted in to INR at the exchange rate of INR 95.7258 per USD as on 24th August, 2026), the Board of Directors of the Company has today i.e. on August 25, 2026, approved allotment of 26,59,05,000 fully paid- up equity shares of face value INR 1/- each at a conversion price of INR 3.60/- per equity share upon conversion of the said FCCBs, as detailed below: Name & Category of the Allottee Number No. of Equity of FCCB Shares M/s. Wave Capital Limited - Non-resident entity 40 10,63,62,000 M/s Emerging Market Opportunities Ltd- Non-resident entity 30 7,97,71,500 M/s Global Focus Fund - Non-resident entity 30 7,97,71,500 Total 100 26,59,05,000 Consequent to the above a) Paid-up equity share capital of the Company stands increased to INR 169,58,95,798/-divided into 169,58,95,798- fully paid-up equity shares of INR 1/- each and b) 900 FCCBs of Principal amount of USD 1,00,000/- as listed at Afrinex Exchange (AFRINEX Securities List, Republic of Mauritius) remains outstanding post aforesaid conversion. The Board Meeting commenced at 1.00 p.m. and concluded at 1.20 p.m. 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