Deccan Gold Mines Share Price Rises Over 2% After Board Approves ₹314.70 Crore Rights Issue Plan

December 03, 2025: The Board of Directors of Deccan Gold Mines Ltd (BSE: 512068) has approved the right issue. The shares of the company reacted positively to the news as they closed with an over 2% rise.

Key Details of Deccan Gold’s Rights Issue

As per the company’s filing, the company will raise ₹ 314.70 crore through the issue of 3,93,37,893 new equity shares. The shares will be issued at a price of ₹80 per share. The issue price is made up of the face value of ₹1 and a premium of ₹79. The record date for the same has been fixed at Tuesday, December 09, 2025.

Shareholders holding the shares as of the record date will receive the shares in the ratio of 150 Rights Equity Shares for every 601 fully paid-up Equity Shares held in the company. The issue will open on December 17, 2025, and close on December 26, 2025. The last date for on-market renunciation of rights entitlements is December 22, 2025.

The company’s total outstanding equity shares will increase post-issue. It will go from 15,76,13,822 fully paid-up Equity Shares of Face Value of Re.1/- each (Rupee one only) to 19,69,51,715 fully paid-up Equity Shares of Face Value of Re.1/- each (Rupee one only). 

History of Right Issue

If approved, this will be the company’s third rights issue since 2003. Earlier, the company carried out a rights issue in 2003 in the ratio of 20.0:1.0, with the record date and ex-date on December 22, 2003, and December 30, 2003, respectively. The company then launched another rights issue in 2015 in the ratio of 1.0:2.0, with the record date and ex-date on September 03, 2015, and September 05, 2015, respectively.

Stock Market Snapshot

Share price of Deccan Gold Mines Ltd closed at ₹115.05 as of December 03, 2025, 16:00 pm. This is a 2.54% or ₹2.85 rise from its previous close of ₹112.20. The intraday range is between ₹111.60 and ₹116.65. The company has had an active trading session. Its total market capitalisation stands at ₹1,813.35 crore. Further, it had a total traded value and volume of ₹3.08 crore and 2.69 lakh shares, respectively.

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