Monitoring Agency Report for the quarter ended March 31, 2026
DECNGOLD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Deccan Gold Mines raised Rs. 314.70 crore through a rights issue (Dec 2025), priced at Rs. 80 per share (80x face value). As of March 31, 2026, Rs. 314.65 crore has been deployed across: repayment of inter-corporate deposits (Rs. 203 crore), investment in subsidiary Avelum Partner LLC in Kyrgyzstan (Rs. 31.50 crore), strategic acquisitions (Rs. 0.81 crore), subscription to associate Geomysore's rights issue (Rs. 52.69 crore), general corporate purposes (Rs. 25.14 crore), and issue expenses (Rs. 1.51 crore). Only Rs. 0.06 crore remains unutilized. The monitoring agency (Infomerics Valuation and Rating Limited) confirmed all utilisation as per offer document with shareholder-approved deviations, and no delays were reported. However, a qualification was noted — the company has not provided all invoices pertaining to general corporate purposes. V K Beswal & Associates (statutory auditors) verified the figures via CA certificate dated May 8, 2026.
The company has largely deployed the rights issue proceeds as planned, with shareholder approval obtained for the material reallocation of Rs. 52.69 crore toward its associate Geomysore. The missing invoices for general corporate purposes may draw scrutiny from regulators and investors. Full deployment without delays is a positive signal for execution capability.