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General information about company

Scrip Code 543267
NSE Symbol DAVANGERE
MSEI Symbol NOTLISTED
ISIN INE179G01029
Name of company DAVANGERE SUGAR COMPANY LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 13-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 13-11-2025   16:00:00
End date and time of board meeting 13-11-2025   17:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 30-05-2023
Indicate Company website link for updated RPT policy of the Company https://davangeresugar.com
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 4,819.26 7,226.27
Other income 57.72 104.00
Total income 4,876.98 7,330.27
2 Expenses
(a) Cost of materials consumed 649.81 1,714.76
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 975.41 525.90
(d) Employee benefit expense 177.79 367.61
(e) Finance costs 944.04 1,639.28
(f) Depreciation, depletion and amortisation expense 317.59 635.10
(f) Other Expenses
1 Other Expenses 515.64 864.53
2 Power and Fuel 963.54 1,077.43
Total other expenses 1,479.18 1,941.96
Total expenses 4,543.82 6,824.61
3 Total profit before exceptional items and tax 333.16 505.66
4 Exceptional items 0.00 0.00
5 Total profit before tax 333.16 505.66
6 Tax expense
7 Current tax 58.20 88.34
8 Deferred tax 11.97 23.91
9 Total tax expenses 70.17 112.25
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 262.99 393.41
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 262.99 393.41
17 Other comprehensive income net of taxes 0.00 0.00
18 Total Comprehensive Income for the period 262.99 393.41
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 14,299.91 14,299.91
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.18 0.28
Diluted earnings (loss) per share from continuing operations 0.18 0.28
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.18 0.28
Diluted earnings (loss) per share from continuing and discontinued operations 0.18 0.28
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Notes enclosed in uploaded Financials on Stock Exchange



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 34,301.11
Capital work-in-progress 0.00
Investment property 478.76
Goodwill 0.00
Other intangible assets 1.46
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 0.00
Total non-current financial assets 0.00
Deferred tax assets (net) 0.00
Other non-current assets 1,987.88
Total non-current assets 36,769.21
2 Current assets
Inventories 15,718.72
Current financial asset
Current investments 0.00
Trade receivables, current 3,702.49
Cash and cash equivalents 1,197.15
Bank balance other than cash and cash equivalents 0.00
Loans, current 19,930.33
Other current financial assets 0.00
Total current financial assets 24,829.97
Current tax assets (net) 0.00
Other current assets 0.00
Total current assets 40,548.69
3 Non-current assets classified as held for sale 0.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 77,317.90
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 14,299.91
Other equity 35,994.42
Total equity attributable to owners of parent 50,294.33
Non controlling interest
Total equity 50,294.33
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 6,359.41
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities 0.00
Total non-current financial liabilities 6,359.41
Provisions, non-current 0.00
Deferred tax liabilities (net) 164.06
Deferred government grants, Non-current 0.00
Other non-current liabilities 3,561.70
Total non-current liabilities 10,085.17
Current liabilities
Current financial liabilities
Borrowings, current 13,616.68
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2,227.20
Total Trade payable 2,227.20
Other current financial liabilities 0.00
Total current financial liabilities 15,843.88
Other current liabilities 1,091.27
Provisions, current 3.25
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 16,938.40
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 27,023.57
Total equity and liabilites 77,317.90
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Sugar 0.0038789 0.0039202
2 Co Generation 0.00 0.00
3 Aviation 0.0002859 0.0007757
4 Distellery 4,402.78 6,756.68
5 Others 0.0005772 0.00104
Total Segment Revenue 4,876.98 7,330.27
Less: Inter segment revenue
Revenue from operations 4,876.98 7,330.27
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Sugar 498.40 161.19
2 Co Generation (83.87) (193.76)
3 Aviation 9.71 (29.91)
4 Distellery 838.12 2,174.04
5 Others 0.00 0.00
Total Profit before tax 1,262.36 2,111.56
i. Finance cost 929.20 1,605.90
ii. Other Unallocable Expenditure net off Unallocable income 0.00 0.00
Profit before tax 333.16 505.66
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Sugar 43,305.20 43,305.20
2 Co Generation 8,389.14 8,389.14
3 Aviation 767.66 767.66
4 Distellery 24,618.37 24,618.37
5 Others 0.00 0.00
Total Segment Asset 77,080.37 77,080.37
Un-allocable Assets 0.00 0.00
Net Segment Asset 77,080.37 77,080.37
4 Segment Liabilities
Segment Liabilities
1 Sugar 15,834.01 15,834.01
2 Co Generation 40.04 40.04
3 Aviation 371.50 371.50
4 Distellery 10,543.60 10,543.60
5 Others 0.00 0.00
Total Segment Liabilities 26,789.15 26,789.15
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 26,789.15 26,789.15
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss
5 Total Other comprehensive income



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Standalone
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 505.66
Adjustments for reconcile profit (loss)
Adjustments for finance costs 0.00
Adjustments for decrease (increase) in inventories (1,265.77)
Adjustments for decrease (increase) in trade receivables, current (831.21)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 0.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (588.05)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 0.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 635.10
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 0.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 0.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (78.91)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) (2,128.84)
Net cash flows from (used in) operations (1,623.18)
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities (1,623.18)
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 5.95
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (16.98)
Net cash flows from (used in) investing activities (22.93)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 4,891.46
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings (7,098.85)
Repayments of borrowings 0.00
Payments of lease liabilities 0.00
Dividends paid 0.00
Interest paid 0.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 4,712.44
Net cash flows from (used in) financing activities 2,505.05
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 858.94
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents 858.94
Cash and cash equivalents cash flow statement at beginning of period 338.20
Cash and cash equivalents cash flow statement at end of period 1,197.14





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited
Declaration of unmodified opinion or statement on impact of audit qualification
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)

Amount in (Lakhs)

Mode of Fund Raising Rights Issues
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 01-09-2025
Amount Raised 14,919.00
Report filed for Quarter ended 30-09-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised Yes
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders No
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation Company has kept unutilized Rights Issue amount of Rs. 0.01 crore in current account of Davangere Harihar Urban Co-operative Bank Ltd’s which is due to pending clearance from the Bank for loan closure and the amount ids adjusted against the balance loan on 06.10.2025, hence the deviation is rectified on 06.10.2025
Comments of the Audit Committee after review The Committee took note of amount of Rs. 0.01 Crore lying in the Current account of the Company in Davangere Harihara Urban Co-operative Bank Ltd, which is not a Scheduled Commercial Bank and it is due to the pending clearance from the Bank for loan closure, the same has been rectified on 06.10.2025, and the deviation is not intentional and is due to procedural issue
Comments of the auditors, if any
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Repayment or Prepayment of Borrowings (Loan Repayment to Davangere Harihara Urban Bank Ltd) No Modification 2.00 2.00 1.99 0.01 The Company has kept unutilized Rights Issue amount of Rs. 0.01 crore in current account of Davangere Harihara Urban Co-operative Bank Ltd which is due to pending clearance from the Bank for loan closure and the amount is adjusted against the balance loan on 06.10.2025, hence the deviation is rectified on 06.10.2025. The deviation was not intentional.


Signatory Details

Name of signatory SHAMANUR S. GANESH
Designation of person Managing Director
Place DAVANGERE
Date 13-11-2025




Amount in (Lakhs)

Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 DAVANGERE SUGAR COMPANY LTD M/S Kalleshwar Traders MD is a partner in the firm Any other transaction Purchase and sale of goods and services Approved 3.18 0.00 0.00
2 DAVANGERE SUGAR COMPANY LTD Shamanur Kallppa & Sons MD is a partner in the firm Any other transaction Purchase and sale of goods and services Approved 0.38 0.00 0.00
3 DAVANGERE SUGAR COMPANY LTD Shivashankar Associates MD is a partner in the firm Any other transaction Purchase and sale of goods and services Approved 0.94 0.00 0.00
4 DAVANGERE SUGAR COMPANY LTD Shamanur Transport ED is Interested and Control over Business Any other transaction Purchase and sale of goods and services Approved 1,030.18 345.69 (22.79)
5 DAVANGERE SUGAR COMPANY LTD GMM Enterprises MD and ED are partners in the firm Any other transaction Purchase and sale of goods and services Approved 0.00 6.17 7.74
6 DAVANGERE SUGAR COMPANY LTD M/s Lakshmi Flour Mill MD is a partner in the firm Any other transaction Purchase and sale of goods and services Approved 1.62 4.91 12.27
7 DAVANGERE SUGAR COMPANY LTD S S Trading Company MD is a partner in the firm Any other transaction Purchase and sale of goods and services Approved 1,172.89 472.30 1,636.33
8 DAVANGERE SUGAR COMPANY LTD Rekha Ganesh Wife of Sri. S.S.Ganesh (MD) Any other transaction Purchase and sale of goods and services Approved 0.46 3.33 8.32
9 DAVANGERE SUGAR COMPANY LTD Shivashankar Filling Station MD is a partner in the firm Any other transaction Purchase and sale of goods and services Approved 47.16 10.30 9.49
10 DAVANGERE SUGAR COMPANY LTD Parameshwarappa Onkarappa Key Managerial Personel Remuneration Approved 6.60 0.00 0.00
11 DAVANGERE SUGAR COMPANY LTD Nidhi Hitesh Vaswani Key Managerial Personel Remuneration Approved 1.45 0.00 0.00
12 DAVANGERE SUGAR COMPANY LTD Uma Singh Key Managerial Personel Remuneration Approved 4.43 0.00 0.00
Total value of transaction during the reporting period 2,269.29