Description
Rights issue announcement for Davangere Sugar Company Limited with record date August 6, 2025, offering 13 equity shares for every 25 shares held at Rs. 3.05 per share.
Summary
Davangere Sugar Company Limited (BSE Code: 543267) has announced a rights issue with record date set for August 6, 2025. The company will issue 13 equity shares of Re. 1/- each for every 25 equity shares held by existing shareholders at a premium of Rs. 2.05 per share, making the total issue price Rs. 3.05 per share.
Key Points
- Rights ratio: 13 new equity shares for every 25 existing shares held
- Face value: Re. 1/- per equity share
- Premium: Rs. 2.05 per share
- Total issue price: Rs. 3.05 per share (payable on application)
- Record date: August 6, 2025
- Ex-rights trading begins: August 6, 2025
- Settlement number: DR-689/2025-2026
Regulatory Changes
No regulatory changes announced. This is a standard corporate action notification for a rights issue.
Compliance Requirements
- Trading members must ensure transactions in equity shares are conducted on ex-rights basis from August 6, 2025
- Full amount of Rs. 3.05 per equity share must be paid on application
- Trading members are required to take note of the ex-rights trading arrangement
Important Dates
- Record Date: August 6, 2025
- Ex-Rights Trading Date: August 6, 2025
- Notice Date: August 1, 2025
Impact Assessment
This rights issue will affect existing shareholders of Davangere Sugar Company Limited who will have the opportunity to subscribe to additional shares. The ex-rights trading arrangement ensures proper price adjustment in the market. Trading members need to adjust their systems and processes to handle ex-rights trading from the specified date.
Impact Justification
Rights issue affects existing shareholders and trading arrangements for the specific company