Deccan Gold Mines Ltd — Important, 08-12-2025: Company Update

Deccan Gold Mines has submitted its Letter of Offer for a Rights Issue of up to 3.93 Cr shares at ₹80 each, aiming to raise ₹314.70 Cr. Shareholders can subscribe to 150 shares for every 601 held. The capital will primarily repay ₹203 Cr in inter-corporate deposits, invest ₹50 Cr in its Kyrgyzstan gold mine, and fund ₹35 Cr for strategic acquisitions, with the rest for general corporate needs. While promoters may not fully subscribe, Godawari Power and Ispat will ensure at least 90% subscription and can take up any remaining portion up to 100%. This fundraise addresses crucial financial requirements amidst recent losses.