Unaudited Financial Results (Stanalone & Consolidated ) for the quarter and Nine Months ended December 31, 2025
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Deccan Gold Mines Limited reported unaudited financial results for the quarter and nine months ended December 31, 2025, showing continued net losses at both standalone and consolidated levels, typical of its gold exploration and mining business which is still in the development phase. The company successfully completed a Rights Issue during the quarter, raising approximately Rs. 314.70 crores through the allotment of 3,933,863 equity shares at Rs. 80 per share (including a premium of Rs. 79) on December 29, 2025, with proceeds earmarked for repayment of inter-corporate deposits, investment in the Kyrgyzstan subsidiary (Avelum Partner LLC), funding acquisitions, and general corporate purposes. The statutory auditors, V.K. Beswal & Associates, issued an unqualified limited review opinion on both the standalone and consolidated results. A new wholly-owned subsidiary, Novadhathu Minerals Private Limited, was incorporated in October 2025 but is not consolidated as it has not commenced business. The company operates in a single segment (Gold Exploration and Mining) and reported material losses from foreign subsidiaries and associates, particularly Avelum Partner LLC (Kyrgyzstan).
The substantial Rs. 314.70 crore Rights Issue strengthens the company's balance sheet and provides funding for exploration and acquisition activities, which is a positive for long-term growth. However, persistent net losses mean shareholders should not expect near-term profitability, and the stock remains suited only for investors with a long-term horizon on gold mining prospects.