Deccan Gold Mines announces rights issue terms, aims to raise capital

Deccan Gold Mines Limited has announced the terms and schedule for its rights issue, approved by the board of directors on December 3, 2025. The company plans to issue 39,337,893 rights equity shares at a price of Rs. 80 per share, including a premium of Rs. 79, aggregating to an issue size of Rs. 3,147,031,440.

The rights entitlement ratio is set at 150 rights equity shares for every 601 fully paid-up equity shares held as of the record date, December 9, 2025. The issue will commence on December 17, 2025, with the closure of REs trading on December 22, 2025, and the rights issue closing date on December 26, 2025.

Post-issue, the total paid-up equity shares will increase from 157,613,822 to 196,951,715, assuming full subscription. The International Securities Identification Number (ISIN) for the dematerialized rights entitlement is INE945F20017.