Intimation as per Regulation 84 of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 ("SEBI ICDR Regulations") - issue of advertisement ....
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 published newspaper advertisements (in Business Standard English/Hindi and Mumbai Lakshadeep Marathi editions) on December 12, 2025, informing eligible shareholders about the completion of dispatch of the Letter of Offer for its Rights Issue. The company is issuing up to 3,93,37,893 equity shares at ₹80 each (including ₹79 premium) in the ratio of 150 shares for every 601 held, aggregating up to about ₹314.70 crores. The record date was December 9, 2025; the issue opens December 17, 2025 and closes December 26, 2025. Promoter Rama Mines (Mauritius) Limited has indicated it may not fully subscribe to its entitlement, while Godawari Power and Ispat Ltd has agreed to act as a Specific Investor to ensure at least 90% subscription and can take up to 100% of any unsubscribed portion, subject to a 25% post-issue shareholding cap.
Shareholders as on the December 9, 2025 record date get a chance to subscribe to the rights entitlement until December 26, 2025; however, dilution risk exists since the promoter may not fully participate and a single Specific Investor (Godawari Power and Ispat) could end up holding a significant stake of up to 25% post-issue.