Deccan Gold Mines Launches ₹314.7 Crore Rights Issue 

December 9, 2025: Deccan Gold Mines Ltd announced the launch of its rights issue worth ₹314.70 crore, proposing to issue 3,93,37,893 equity shares at an issue price of ₹80 each, with a face value of ₹1 per share. The rights issue follows a ratio of 150:601, allowing eligible shareholders to apply for additional shares in proportion to their existing holdings. The record date for determining entitlement is set as 9 December 2025. 

Deccan Gold Mines Ltd is a publicly traded mineral exploration corporation whose main activity is the exploration and development of gold with operations located in India and some overseas locations. 

Issue Structure and Key Dates 

The rights issue will be fully payable at the time of application and is scheduled to be open from 17 December to 26 December 2025. Rights entitlements will be credited on 10 December, and shareholders may renounce their rights until 22 December 2025. The issue is expected to mature on 29 December, with the credit being granted on 30 December 2025. 

Deccan Gold Mines Ltd Financial Performance 

In FY 2025 the company registered a 44% increase in its overall income to ₹5.18 crore. The net loss decreased to ₹45.03 crore in FY 2025 compared to ₹64.38 crore in FY 2024 whereas net worth improved to ₹240.86 crore owing to an increased stock of reserves.  

How the Proceeds Will Be Used 

Much of the proceeds of the Rights Issue will be used to pay off inter-corporate deposits taken by Godawari Power and Ispat Ltd Ardent Steel Pvt Ltd and Hira Ferro Alloys Ltd. The capital will also be introduced in Avelum Partner LLC, a subsidiary of the company in Kyrgyzstan to promote the development of the Altyn Tor Gold Mine and increase the potential of the mineral resources. Moreover, the firm will use proceeds to make strategic investments. The remaining amount will be used on general corporate purposes. 

Share Market Performance  

By 9 December 2025, the stock price of Deccan Gold Mines Ltd closed at at ₹95.75, down ₹9.40 or 8.94% for the day. The stock opened at ₹98.05, reached a high of ₹99.30, and a low of ₹93.60 during intraday trading. The company has a market capitalization of ₹1,510 crore. The stock does not have a reported price-to-earnings (P/E) ratio or dividend. Over the past 52 weeks, the share price has ranged between a high of ₹170.50 and a low of ₹85.30. 

Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/179fca6a-6c18-419d-aa8d-81bf86e1691b.pdf 

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