Allotment of Equity shares upon Conversion of Compulsorily Convertible Debentures for Cash Consideration.
DECNGOLD · price
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Deccan Gold Mines Ltd has allotted 6,92,764 fully paid-up equity shares at Rs. 116.20 per share, raising a total of about Rs. 8.05 crore. These shares were issued upon conversion of an equal number of Compulsorily Convertible Debentures that the company had originally issued on May 30, 2024 on a preferential basis to non-promoter investors. The shares have been distributed among 15 allottees, including individuals such as Madhumathi Bafna, Rupal Najhawan, Vishal Garg, and entities like SG Global Enterprises and Infinitheism Spiritual Foundation Pvt Ltd. The allotment was approved by the Board of Directors on June 16, 2025.
This is a pre-scheduled conversion of CCDs issued over a year ago, so there is no fresh fundraising or surprise dilution. Shareholders should note a modest increase in the equity base, but since the CCDs were already committed in May 2024, the impact on stock price is expected to be limited.