Deccan Gold Mines announces rights issue for expansion, debt repayment

The rights issue will offer up to 3,93,37,893 equity shares of face value ₹1 each at an issue price of ₹80.00 per share, including a premium of ₹79.00. The record date for determining eligible shareholders is December 09, 2025. The issue opens on December 17, 2025, and closes on December 26, 2025.

The net proceeds, estimated at ₹31,319.67 lakhs, will primarily be used for the repayment of inter-corporate deposits totaling ₹20,300.00 lakhs to Godawari Power and Ispat Limited, Ardent Steel Private Limited, and Hira Ferro Alloys Limited. An additional ₹5,000.00 lakhs is allocated for investment in Avelum Partner LLC, Kyrgyzstan, for project development, and ₹3,500.00 lakhs for strategic investments and acquisitions.

Promoters, Rama Mines (Mauritius) Limited and Australian Indian Resources Limited, have indicated they may not fully subscribe to their entitlements and may renounce some shares, which could impact the minimum subscription. The ex-rights price of the equity shares is ₹123.90 per share.