Monitoring Agency Report for the quarter ended December 31, 2025.
DECNGOLD · price
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Awaiting price reaction for this filing.
Deccan Gold Mines has submitted the Monitoring Agency Report for Q3 FY26, prepared by Infomerics Valuation and Rating Limited, in connection with its Rights Issue of Rs. 314.70 crore conducted between December 17 and December 26, 2025. The issue involved 3.93 crore equity shares priced at Rs. 80 each (face value Rs. 1, premium Rs. 79), offered in a 150:601 ratio to eligible shareholders. The Monitoring Agency confirmed nil deviation from the stated objects and no delays. As of December 31, 2025, the company had not deployed any of the proceeds — the entire Rs. 314.70 crore (Rs. 314.57 cr received by Dec 31 and Rs. 0.13 cr on Jan 1) is parked in an HDFC Bank allotment account. Planned uses remain: Rs. 203 cr for repaying inter-corporate deposits from Godawari Power, Ardent Steel and Hira Ferro Alloys, Rs. 50 cr for the Avelum Partner LLC subsidiary (Altyn Tor Gold Mine, Kyrgyzstan), Rs. 35 cr for strategic acquisitions, Rs. 25.20 cr for general corporate purposes, and Rs. 1.51 cr for issue expenses.
This is a routine regulatory compliance filing that confirms the Rights Issue proceeds are intact and earmarked as disclosed, with zero deployment so far. Investors should watch subsequent quarters to see whether the company begins deploying funds, particularly the Rs. 203 cr ICD repayment (Hira Ferro Alloys due by March 31, 2026) and the Rs. 50 cr investment in the Kyrgyzstan gold project. No negative signals for the stock at this stage.