Outcome of Board Meeting held on November 08, 2025 under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
DECNGOLD · price
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The Board of Directors of Deccan Gold Mines Ltd, at its meeting on November 8, 2025, approved a Rights Issue of equity shares (face value Re. 1 each) for an amount not exceeding Rs. 315 crore. The issue will be offered to eligible shareholders as on a record date that is yet to be determined. The company has not yet disclosed the issue price, entitlement ratio, or the specific purpose for which the funds will be used. The terms will be finalized by the Board in due course, subject to applicable approvals under the Companies Act, 2013 and SEBI ICDR Regulations.
Existing shareholders will get the opportunity (but not obligation) to subscribe to additional shares in proportion to their holdings, which could dilute their stake if they do not participate. The fresh capital raise of up to Rs. 315 crore may fund growth plans, but the lack of disclosed pricing and end-use makes the short-term impact on the stock price uncertain.