Davangere Sugar Company MD, chairman, board of directors and AGM
NSE: DAVANGEREBSE: 543267Agricultural Food & other ProductsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹1.97.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- Share count behind the exchange's1,779th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Share count behind the exchange's
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
- Share count behind the exchange's
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- –
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 1.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 4.7%
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 54,51,67462.6% delivered
Davangere Sugar Company board of directors
At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Chairperson and managing directorSHAMANUR S. GANESH
6 directors3 independent2 executive1 non-executive
- SHAMANUR S. GANESH · Chairperson and managing directorExecutive · joined Sep 2006 · reappointed Sep 2024 · 1 listed board
- ABHIJITH GANESH SHAMANURExecutive · joined Jun 2011 · reappointed Sep 2025 · 1 listed board · 1 committee seat
- SWATHI SHAMANURNon-executive · joined Apr 2024 · 1 listed board · 1 committee seat
- HIMA BINDU SAGALAIndependent · joined Sep 2024 · reappointed Sep 2025 · 21 months as independent · 3 listed boards · 3 as independent · 5 committee seats, 4 as chair
- VINITA DILIP MODAKIndependent · joined Sep 2024 · reappointed Sep 2025 · 21 months as independent · 1 listed board · 1 as independent · 1 committee seat
- ACHAL KAPOORIndependent · joined Jul 2025 · 8 months as independent · 5 listed boards · 5 as independent · 7 committee seats, 3 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
1 director who left
- THAPPAGONDANAHALLY RAJASHEKHARAPPA, left 16 Jul 2025: Tenure Completion
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 5 Jun 20266 of 6 present3 independent · 6 days in between
- 29 May 20266 of 6 present3 independent · 10 days in between
- 18 May 20266 of 6 present3 independent · 48 days in between
- 30 Mar 20266 of 6 present3 independent · 47 days in between
1 earlier meeting
- 10 Feb 20266 of 6 present3 independent
Audit Committee
Chair HIMA BINDU SAGALA
ABHIJITH GANESH SHAMANUR, ACHAL KAPOOR
- 29 May 20263 of 3 present2 independent · 10 days in between
- 10 Mar 20263 of 3 present2 independent · 27 days in between
- 10 Feb 20263 of 3 present3 independent
Nomination and remuneration committee
Chair HIMA BINDU SAGALA
ACHAL KAPOOR, SWATHI SHAMANUR
- 18 May 20263 of 3 present2 independent · 68 days in between
Stakeholders Relationship Committee
Chair HIMA BINDU SAGALA
VINITA DILIP MODAK, SWATHI SHAMANUR
No meeting listed in the filing.
Corporate Social Responsibility Committee
Chair ACHAL KAPOOR
VINITA DILIP MODAK, SWATHI SHAMANUR
No meeting listed in the filing.
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- D G M S & CoPeer-review certificate valid to Feb 2029
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Davangere Sugar Company AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Davangere Sugar Company share news and announcements
Annual general meeting, 12 Sep 2026
1,84,637 shareholders on the register on 5 Sep 2026; present: 2 promoters and 338 others; votes counted by ASHWINI INAMDAR / M/S MEHTA AND MEHTA.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the company including the Balance Sheet of the Company as at 31st March, 2026 and the Statement of Profit and Loss of the Company and the Cash Flow Statement and other Annexures thereof for the Financial Year ended 31st March, 2026 and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.84%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
To appoint Director in place of Mr. Abhijit Ganesh Shamanur (DIN: 03451918), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.95%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
To appoint and authorise Board of Directors to fix remuneration M/s. D G M S & Co., Chartered Accountants (Firm Registration No. 0112187W) as the Statutory Auditors of the Company for a term of five consecutive years.MoreLess
Ordinary99.96% for0.04% againstAgainst: promoters 0.00% · institutions 0.00% · other public 2.87%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
- Ratification of Remuneration of Cost Auditor for the FY-2026-27.Ordinary99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 2.85%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
- Increase in Authorised Share Capital and Alteration of Capital Clause of Memorandum of Association.Ordinary99.92% for0.08% against
Against: promoters 0.00% · institutions 0.00% · other public 5.58%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
- To make loans or investment(s) or provide security and guarantee in excess of the prescribed limits under section 186 of the Companies Act, 2013.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 8.23%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
- Approval for making Investments in overseas wholly owned subsidiaries, subsidiaries, step-down subsidiaries, joint ventures and other overseas entities.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 8.23%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
- Issue of Convertible Equity Warrants on Preferential Basis to Promoter.SpecialPromoters have an interest in it99.76% for0.24% against
Against: promoters 0.00% · institutions 0.00% · other public 2.91%
Turnout: all 6.69% · promoters 14.75% · institutions 0.00% · other public 0.95%
- To Consider and Approve the Material Related Party Transaction(S).Ordinary94.42% for5.58% against
Against: promoters 0.00% · institutions 0.00% · other public 5.58%
Turnout: all 0.55% · promoters 0.00% · institutions 0.00% · other public 0.95%
- Approval for transactions involving dilution of shareholding and/or disposal/transfer of assets of overseas wholly-owned subsidiary.Special99.87% for0.13% against
Against: promoters 0.00% · institutions 0.00% · other public 8.28%
Turnout: all 36.52% · promoters 86.40% · institutions 0.00% · other public 0.95%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 24 Apr 2026, 5 resolutions
1,75,551 shareholders on the register on 17 Apr 2026; present: 2 promoters and 233 others; votes counted by ASHWINI INAMDAR / M/S MEHTA AND MEHTA.The company's voting result (opens in a new tab)
- INCREASE IN AUTHORISED SHARE CAPITAL AND ALTERATION OF CAPITAL CLAUSE OF MEMORANDUM OF ASSOCIATION.Ordinary99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 1.65%
Turnout: all 42.10% · promoters 99.49% · institutions 0.73% · other public 1.20%
- TO CONSIDER AND ENHANCE THE BORROWING LIMIT OF THE COMPANY OVER AND ABOVE THE LIMIT AS PRESCRIBED UNDER SECTION 180 (1)(C) OF THE COMPANIES ACT, 2013.Special99.86% for0.14% against
Against: promoters 0.00% · institutions 0.00% · other public 9.20%
Turnout: all 42.10% · promoters 99.49% · institutions 0.73% · other public 1.20%
- APPROVAL UNDER SECTION 180(1)(a) OF THE COMPANIES ACT, 2013 INTER ALIA FOR CREATION OF MORTGAGE OR CHARGE ON THE ASSETS, PROPERTIES OR UNDERTAKING(S) OF THE COMPANY.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 8.27%
Turnout: all 42.10% · promoters 99.49% · institutions 0.73% · other public 1.20%
- INCREASE IN INVESTMENT LIMITS FOR FOREIGN PORTFOLIO INVESTORS AND NON-RESIDENT INDIANS/ OVERSEAS CITIZENS OF INDIA.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.27%
Turnout: all 42.10% · promoters 99.49% · institutions 0.73% · other public 1.20%
- TO APPROVE RAISING OF FUNDS AND ISSUANCE OF SECURITIES THROUGH FCCB AND/OR ECB AND/OR ANY OTHER PERMISSIBLE MODES.Special99.88% for0.12% against
Against: promoters 0.00% · institutions 0.00% · other public 8.11%
Turnout: all 42.10% · promoters 99.49% · institutions 0.73% · other public 1.20%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2025, 12 resolutions
1,80,125 shareholders on the register on 23 Sep 2025; present: 2 promoters and 43 others; votes counted by ASHWINI INAMDAR / M/S MEHTA AND MEHTA.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the company including the Balance Sheet of the Company as at 31st March, 2025 and the Statement of Profit and Loss of the Company and the Cash Flow Statement and other Annexures thereof for the Financial Year ended 31st March, 2025 and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.31%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
To appoint Director in place of Mrs. Swathi Shamanur (DIN: 10596097), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers herself for re-appointment.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.36%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- Ratification of Remuneration of Cost Auditor for the FY-2025-26.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.34%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- To appoint CS Prashanth D Shedbal, Practicing Company Secretaries, as Secretarial Auditors for a term of 5 (Five) Years and to fix their remuneration.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.37%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- Re-appointment of Ms. Vinita Dilip Modak (DIN: 10763274) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- Re-appointment of Ms. Hima Bindu Sagala (DIN: 09520601) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.53%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- To approve change in Designation and Remuneration of Mr. Abhijith Ganesh Shamanur (DIN: 03451918) from Non-Executive Director to Executive Director.SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 37.17% · promoters 87.88% · institutions 0.00% · other public 0.98%
- To approve the Revision in the Remuneration of Mr. Shamanur Shivashankarappa Ganesh (DIN: 00451383), Managing Director of the Company.SpecialPromoters have an interest in it99.98% for0.02% against
Against: promoters 0.00% · institutions 0.00% · other public 0.51%
Turnout: all 17.01% · promoters 39.47% · institutions 0.00% · other public 0.98%
- To approve the conversion of Loan into Equity Shares or Convertible Share Warrants.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.57%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- Appointment of Mr. Achal Kapoor (DIN: 09150394) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.40%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- Alteration of the Object Clause of the Memorandum of Association of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.66%
Turnout: all 42.00% · promoters 99.49% · institutions 0.00% · other public 0.98%
- To approve availing of Loan(s) from Directors up to Rs.150 Crores, with an option to Convert the same into Equity Shares.SpecialPromoters have an interest in it99.96% for0.04% against
Against: promoters 0.00% · institutions 0.00% · other public 0.80%
Turnout: all 12.17% · promoters 27.86% · institutions 0.00% · other public 0.98%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Annual general meeting, 30 Sep 2024, 8 resolutions
Present: 5 promoters and 39 others.The company's voting result (opens in a new tab)
To receive, consider and adopt the Audited Financial Statements of the company including the Balance Sheet of the Company as at 31st March, 2024 and the Statement of Profit and Loss of the Company and the Cash Flow Statement and other Annexures thereof for the financial year ended 31st March, 2024 and the Reports of the Board of Directors and Auditors thereon.MoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
To appoint Director in place of Mr. Abhijit Ganesh Shamanur (DIN: 03451918), who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.MoreLess
Ordinary99.99% for0.01% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.76%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
- Ratification of Remuneration of Cost Auditor for the FY-2024-25.Ordinary99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.69%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
- Re-appointment of Mr. Shamanur Shivashankarappa Ganesh (DIN: 00451383) as the Managing Director of the Company.SpecialPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.38%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
- Appointment of Ms. Vinita Dilip Modak (DIN: 10763274) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.00%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
- Appointment of Mrs. Hima Bindu Sagala (DIN: 09520601) as an Independent Director of the Company.Special99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 0.92%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
- To approve requests received from Persons Belonging to Promoters / Promoter Group for Reclassification from “Promoters / Promoter Group” Category to “Public” Category.OrdinaryPromoters have an interest in it99.99% for0.01% against
Against: promoters 0.00% · institutions 0.00% · other public 1.17%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
- To Approve the Right Issue of Shares.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.46%
Turnout: all 29.71% · promoters 54.33% · institutions 0.00% · other public 0.50%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Extraordinary general meeting, 15 May 2024, 4 resolutions
Present: 2 promoters and 95 others.The company's voting result (opens in a new tab)
- Approve Sub-Division of Equity Shares of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.60% · promoters 99.86% · institutions 0.00% · other public 9.44%
- Increase in the Authorised Share Capital of the Company and Alteration of Capital Clause of Memorandum of Association of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.60% · promoters 99.86% · institutions 0.00% · other public 9.44%
- Alteration of the Object Clause of the Memorandum of Association of the Company.Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.60% · promoters 99.86% · institutions 0.00% · other public 9.44%
- Regularization of Additional Director, Mrs. Swati Shamanur (DIN: 10596097) as Director of the Company.Ordinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.00%
Turnout: all 72.60% · promoters 99.86% · institutions 0.00% · other public 9.44%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Tax disputes
Reported in the filing for the quarter to Jun 2026.
- Tax disputeCESTAT BengaluruSince 17 Mar 2012In Appeal before the Supreme court against the orders of CESTAT Bengaluru.
- Tax disputeCESTAT BengaluruSince 17 Mar 2012Pending before CESTAT Bengaluru.
- Tax disputeCommissioner of Central Tax, Central Excise Act and Service Tax, BengaluruSince 1 Feb 2017Case is decided in favour of the company . Order copy is awaited from the Tribunal. It may take some time. The appellate authority has quashed the case and liability is NIL.At the filing before: Pending before the Joint Commissioner of Central Tax, North West Commissionerate, Bengaluru – proceedings yet to start.
- Tax disputeGST Audit Order dated 27.02.2025 passed by the Assistant Commissioner of Commercial Taxs ( Audit-5) , Davangere.Since 27 Feb 2025
The case is pending before the JCIT(Appeals) Davangere. One hearing is completed, we got the relief up to Rs.48.00 Lakhs as per our argument with JCIT and agreed to allow. The Balance tax of about Rs.9.95 lakhs is to be paid.MoreLess
At the filing before: GST Input Credit was disallowed and GST levied on Corporate Guaranty extended by the company in favor of farmer contractor and Company has filed Appeal against the order before the GST Appellate Authority.MoreLess
In the company's own words, from its latest governance filing.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- Yes
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- Yes
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Dec 2025. The company's results filing for the quarter to Jun 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Rights IssuesSep 2025, checked by CARE Ratings Limited | 149.19 | – | – | No |