Davangere Sugar Company approves warrants
Davangere Sugar Company (DAVANGERE) said it has approved warrants. The company is valued at about ₹339 crore.
What happened
Davangere Sugar Company (DAVANGERE) told the exchanges on 23 October 2026 at 04:42 PM that it has approved warrants.
Company snapshot
Davangere Sugar Company is a micro-cap company, with a market value of about ₹339 crore.
The stock last traded at ₹2, against a 52-week range of ₹1.74–₹5.5 (63.6% below the high).
Before this filing the shares had moved −2.9% over the month and −39.4% over three months. Average daily turnover over the last 20 sessions was about ₹2.15 crore.
Promoters held 35.10% at the end of Q2 FY27, down 6.53% points from the previous quarter. Foreign institutions owned 15.88% and domestic institutions 0.00%.
| Quarter | Revenue | Net profit | EPS (₹) |
|---|---|---|---|
| Q1 FY26 | 24 | 1.3 | 0.14 |
| Q2 FY26 | 48 | 2.6 | 0.18 |
| Q3 FY26 | 83 | 2.6 | 0.01 |
| Q4 FY26 | 84 | 1.9 | 0.01 |
| Q1 FY27 | 35 | 0.9 | 0.01 |
What history shows
BCEIE's records show 3 previous fund raising filings from the company since May 2026.
After those filings, the stock fell 3.9% on average the next trading day and was down 10.4% on average after five days (3 filings with price data).
Market-wide, 1,624 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 48% rising.
Past reactions describe what happened before; they are not a forecast.
| Date | Filing | Next day | 5 days |
|---|---|---|---|
| 25 Aug 2026 | Fund raising | −7.7% | −27.5% |
| 9 Jul 2026 | Listing Of Foreign Currency Convertible Bonds (Fccbs) On The Afrinex… | −2.2% | −2.2% |
| 9 Jul 2026 | Fund raising | −1.7% | −1.4% |
What to watch
- How the money raised is used and, for equity instruments, the dilution for existing shareholders.
In the news
Recent coverage elsewhere (links open the original publisher):
- Davangere Sugar Stock Jumps 6%: What’s Driving This Sugar Stock Rally As Ethanol Expansion Plans Gather Pace?
- Davangere (DAVANGERE.NS) Corrects -3.85% — Key Support to Watch at ₹1.90 2026-10-21 - Shakeout Pattern
- Davangere (DAVANGERE.NS) Stock: Down -1.77%, Support Test at ₹2.11 2026-10-12 - Wyckoff Spring
Source
Automatically written from the exchange filing and BCEIE data. Not investment advice. Check the original filing before acting on it.