The Board has considered and approved the raising of funds through rights issue of equity shares
DECNGOLD · price
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The board of Deccan Gold Mines, at its meeting on November 8, 2025, approved raising funds through a Rights Issue of equity shares (face value Re. 1 each) for an amount not exceeding Rs. 315 crore. The rights issue will be offered to eligible shareholders as on a record date that is yet to be decided. The company has not yet disclosed the issue price, entitlement ratio, or the purpose for which the funds will be used — these details will be finalised by the board in due course. The rights issue will be carried out under the Companies Act, 2013 and SEBI ICDR Regulations, subject to statutory approvals.
Existing shareholders will get the first opportunity to subscribe to the new shares in proportion to their current holdings, though the exact ratio and price are not yet announced. The dilution from a Rs. 315 crore rights issue may pressure the stock in the short term until pricing details are disclosed. Shareholders should watch for the record date announcement to participate.