Description
Rights issue announcement for Davangere Sugar Company Limited offering 13 equity shares for every 25 shares held at Rs. 3.05 per share.
Summary
Davangere Sugar Company Limited has announced a rights issue offering 13 equity shares of Re. 1/- each for every 25 existing equity shares held. The shares are priced at Rs. 3.05 per share (Re. 1/- face value + Rs. 2.05 premium) with full payment required on application. Trading will commence on ex-rights basis from August 6, 2025.
Key Points
- Rights ratio: 13 new shares for every 25 existing shares held
- Issue price: Rs. 3.05 per equity share (Re. 1/- face value + Rs. 2.05 premium)
- Full payment of Rs. 3.05 per share required on application
- Company code: 543267
- Settlement under dematerialised securities rolling settlement segment
Regulatory Changes
No regulatory changes announced in this circular.
Compliance Requirements
- Trading members must ensure transactions in Davangere Sugar Company Limited equity shares are conducted on ex-rights basis from the specified date
- All 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
- Settlement Number: DR-689/2025-2026
Impact Assessment
The rights issue will dilute existing shareholdings for those who do not participate while providing capital raising opportunity for the company. Ex-rights trading ensures fair price discovery by adjusting for the rights entitlement value.
Impact Justification
Rights issue affects existing shareholders and requires trading on ex-rights basis