Davangere Sugar Company Limited at the meeting of board of directors considered and approved: Approval of addition in the existing Distillery capacity of production. The details required to be disclosed under Regulation 30 of the Listing Regulations read with SEBI Circular No. HO/49/14/14(7)2025CFDPOD2/I/3762/2026 dated January 30, 2026, are annexed as herein.
The existing capacity of the facility is 65 KLDP, with a current capacity utilization of 96%. The company proposes to add an additional capacity of 85 KLDP, which is planned to be implemented within a period of 18 months. The investment required for this expansion is estimated at approximately INR 1,275 million, and the proposed mode of financing is through FCCB funding.
The rationale for the capacity addition is to seize the opportunity arising from increasing ethanol demand and supportive government policies.
