Davangere Sugar Company issues **26.59 crore equity shares** after converting **900 Foreign Currency Convertible Bonds (FCCBs)** worth **USD 100,000 each**. The company’s paid-up equity capital now totals **₹169.59 crore**, divided into fully paid-up shares of **₹1 each**. The conversion leaves **900 FCCBs** still outstanding on the **Afrinex Exchange (Mauritius)**.
Mauritius-based **Craft Emerging Market Fund PCC** acquires **5 crore shares** of **Davangere Sugar** in a bulk deal, signaling growing global investor interest in the company. The transaction highlights increased foreign participation in Indian sugar sector investments. Davangere Sugar operates in sugar production and related industries, benefiting from strategic foreign capital infusion.
Davangere Sugar Company Ltd has approved an addition to its existing distillery production capacity. The move aims to enhance output within its current facilities. No further details on scale or timeline have been disclosed.
Davangere Sugar achieves ₹53.75 crore EBITDA in FY25 by expanding ethanol production and strengthening farmer partnerships. The company emphasizes sustainability initiatives to support long-term growth. Ethanol output and farmer collaborations remain key drivers of operational efficiency and revenue.
