Davangere Sugar Company Limited

Beacon Stone Capital, which previously held a 3.5 percent stake in Davangere Sugar Company Limited, has dropped off the company's disclosed shareholder list, indicating either a complete exit or a reduction in their holding to below the 1 percent reporting threshold.

A sugar manufacturing company incorporated in 1970, it processes sugarcane to produce sugar and molasses while operating co-generation facilities to produce electricity. The company integrates sugar production with power generation, utilizing bagasse and other sugarcane by-products for energy. Based in Davangere, it operates a vertically integrated model combining agricultural processing with renewable energy generation from mill waste.

Beacon Stone Capital is a Singapore variable capital company that is an active anchor investor in Indian SME and listed equity offerings.