Davangere Sugar Company Limited informed that the Board of Directors to update on progress of Ethanol production plant and other developments relating to Sugarcane Cultivation and CO2 Plant. The update is enclosed herewith as Annexure. Company announced the expansion of its distillery and operations, by adding another 45 KLPD grain based unit at a cost of project of INR 540 Million.

The financial tie-up with banks is completed and about INR 20 Million is invested in civil works. Negotiations completed with machinery suppliers. It is marking a significant rhinestone for the company and the local agricultural community.

Its intention, to expand the distillery will allow the company to now operate independently for 330 days of the year, ensuring a steady and robust production cycle. This growth is made possible by the increased procurement of maize, rice, add other feed stocks directly from local farmers. By sourcing these essential ingredients from nearby agricultural partners, DSCL strengthens its commitment to supporting the local economy and promoting sustainable farming practices.

Target of achieving additional Sugarcane growing area by 15,000 acres: DSO, is committed to not just cultivating sugarcane, but to revolutionize its growth and practices. One of key initiatives involves promoting and developing sugarcane crops up to 15000 acres in existing cane cultivation areas and regions traditionally not associated with cane cultivation. By expanding into this non-cane growing areas and ensuring sufficient raw material for the company, not only secure a sustainable raw material supply for company but also usher in a wave of socio-economic benefits for local farmers.

The primary aim is to provide farmers in these regions with assured and timely returns on their produce. Company understand the challenges they face and strive to alleviate them through various means, including financial assistance and loans. These resources are designed to empower farmers, enabling them to invest in modern agricultural practices, procure quality seeds, and access essential equipment.

At DSCL, the company recognize that the success of business is intricately linked with the prosperity of the farming community. Therefore, the company are dedicated to fostering strong, mutually beneficial relationships with farmers. Through collaborative efforts, aim to enhance productivity, optimize resource utilization, and ensure sustainable agricultural practices.

Furthermore, commitment extends beyond mere cultivation. The company are actively involved in research and development initiatives aimed at enhancing sugarcane varieties, improving yield, and mitigating environmental impact. By leveraging cutting-edge technology and scientific expertise, seek to create a thriving ecosystem where sugarcane cultivation flourishes while respecting ecological balance.

In essence, vision for sugarcane cultivation goes beyond profitability; it's about fostering inclusive growth, empowering communities, and pioneering sustainable agricultural practices. With DSCL leading the way, sugarcane cultivation in non-traditional areas will not only become a viable option but also a catalyst for rural development and economic transformation. Commissioning of 35 TPD capacity CO2 Processing Plant In a significant move towards environmental sustainability and business growth, DSCL announced the establishment of a state-of-the-art 35-ton Carbon Dioxide (CO2) processing plant.

This facility is designed to drastically reduce environmental emissions and create additional revenue streams for the company. The new CO2 plant will capture and repurpose carbon dioxide emissions, transforming them into valuable products such food-grade CO2, and dry ice and CO2 application for industrial purposes. These products are in high demand across various industries, ensuring a steady revenue flow while promoting eco-friendly practices.

By converting emissions into useful products, are not only minimizing environmental footprint but also diversifying revenue sources. This initiative reflects DSCL's commitment to innovation and sustainability, aligning with global efforts to combat climate change while enhancing operational efficiency.