Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("SEBI LODR") - Rights Issue of the Company ....
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deccan Gold Mines has informed BSE that two promoter-group entities sold their rights entitlements on the exchange instead of subscribing to the company's ongoing rights issue. Rama Mines Mauritius Limited (Promoter) sold 14,00,000 rights entitlements for about ₹42.73 lakh, while Australian Indian Resources Limited (Promoter Group) sold entitlements in two transactions — one valued at roughly ₹90,652 and another 10,00,000 entitlements worth about ₹30.79 lakh. All sales were executed on BSE between December 19 and December 24, 2025. By selling the rights entitlements rather than exercising them, the promoters are effectively forgoing additional share allocation, which will reduce their proportional ownership in the company.
This is a mildly negative signal for retail investors, as promoter disinterest in subscribing to the rights issue suggests they are not keen to increase their stake. Existing shareholders should watch whether the promoter group's overall shareholding drops below key thresholds, and consider whether the rights issue will see adequate subscription from other investors.