Outcome of the meeting of the Board of Directors held on December 3, 2025
DECNGOLD · price
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Deccan Gold Mines' board has finalized the terms of its previously approved Rights Issue, set to open on December 17, 2025 and close on December 26, 2025. The company will issue 3,93,37,893 equity shares at Rs. 80 each (face value Rs. 1 + premium Rs. 79), aggregating to Rs. 314.70 crore. Shareholders on the record date of December 9, 2025 will receive Rights Entitlements in the ratio of 150 shares for every 601 shares held. Post-issue, the share count will rise from about 15.76 crore to 19.70 crore equity shares, assuming full subscription. Eligible shareholders can trade or renounce their entitlements on or off the market during the issue window.
This is a meaningful equity dilution of roughly 25% for existing shareholders; participation is optional but non-applicants will see their effective stake shrink. Shareholders should evaluate whether the Rs. 80 issue price is attractive relative to the prevailing market price before deciding to apply or renounce.