Deccan Gold Mines Rights Issue dates 17 – 26 December 2025.
Established in 2003, Deccan Gold Mines (DGML) is India’s first and only listed gold exploration company, actively developing mining assets in India and overseas. Its core business includes exploration, development, extraction, processing, and sale of gold with interests spread across projects in Karnataka, Andhra Pradesh, and globally, including Kyrgyzstan, Tanzania, Finland, and Mozambique.
DGML’s flagship domestic asset is the Jonnagiri Gold Project in Andhra Pradesh, where the company commenced pre-commercial production trials in 2025, aiming for full-scale commercial operations soon. It also holds advanced-stage deposits in the Hutti and Dharwar-Shimoga greenstone belts in Karnataka and has completed a JORC-compliant feasibility on the Ganajur deposit.
Internationally, DGML has made progress on the Altyn Tor Gold Project in Kyrgyzstan and exploration agreements for strategic minerals in Mozambique, supporting India’s vision for mineral security.
Promoters of Deccan Gold Mines – Rama Mines (Mauritius) Limited
Table of Contents
Deccan Gold Mines Rights Issue Details
| Deccan Gold Mines Rights Issue Date | 17 – 26 December 2025 |
| Deccan Gold Mines Rights Issue Price | INR 80 per share |
| Issue Size (in Shares) | 3,93,37,893 shares |
| Issue Size (in INR) | INR 314.70 crore |
| Issue Entitlement | 150 equity shares for every 601 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Deccan Gold Mines Rights Issue Record Date | 9 December 2025 |
| Face Value | INR 1 per share |
| Listing On | BSE |
Deccan Gold Mines Rights Issue Calculation
| Deccan Gold Mines Rights Issue Price | INR 80 per share |
| Market Price on Rights Issue Approval | INR 115.05 per share |
| Dilution Factor (X) | 1.25 |
| Fair Value After Dilution at Prevailing Price | INR 108.05 per share |
Deccan Gold Mines Financial Performance
| FY 2023 | FY 2024 | FY 2025 | |
| Revenue | 0.00 | 3.00 | 5.00 |
| Expenses | 3.00 | 15.00 | 66.00 |
| OPM (%) | (2.00) | (12.00) | (61.00) |
| Net Income | (3.00) | (64.00) | (43.00) |
| ROCE (%) | (2.00) | (9.00) | (21.00) |
Deccan Gold Mines Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- Repayment of Inter Corporate Deposits availed by the company from Godawari Power and Ispat, Ardent Steel, and Hira Ferro Alloys – INR 203 crore
- Investment in Avelum Partner LLC, Kyrgyzstan, its subsidiary for further project development and enhancement of resources at its Altyn Tor Gold Mine, Kyrgyzstan – INR 50 crore
- Funding strategic investment and acquisition to pursue inorganic growth for the development of new brownfield exploration projects – INR 35 crore
- Funding of General corporate purposes
Deccan Gold Mines Rights Offer Documents
- Deccan Gold Mines Rights Issue Application Form
- Deccan Gold Mines Letter of Offer
- Board Meeting Outcome
- Deccan Gold Mines Draft Letter of Offer
- Rights Issue in 2024
Deccan Gold Mines Rights Issue Dates
| Rights Issue Approval Date | 3 December 2025 |
| Rights Issue Record Date | 9 December 2025 |
| Credit of Rights Entitlement | Coming soon |
| Rights Issue Opening Date | 17 December 2025 |
| Last Date for Market Renunciation | 22 December 2025 |
| Rights Issue Closing Date | 26 December 2025 |
| Finalization of Basis of Allotment | Coming soon |
| Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Deccan Gold Mines Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.mpms.mufg.com
Deccan Gold Mines Contact Details
DECCAN GOLD MINES LIMITED
No. 77, 16 Cross, 4th Sector, HSR Layout,
Bengaluru – 560 102, Karnataka, India
Phone: +91 80 4776 2900
Email: [email protected]
Website: www.deccangoldmines.com
Deccan Gold Mines Rights Offer FAQs
What is the Deccan Gold Mines Rights Issue Price?
The issue price is INR 80 per share.
What is the Deccan Gold Mines Rights Issue entitlement ratio?
The eligible shareholders are offered 150 equity shares for every 601 equity shares held on the record date.
What is the Deccan Gold Mines Rights Issue Record Date?
The Record date is 9 December 2025.
How to Apply in Deccan Gold Mines Rights Offer?
The best way to apply in Deccan Gold Mines Rights Offer is through Internet banking ASBA. You can also apply online through your stockbroker using UPI. If you prefer to make paper applications, fill up an application form and deposit the same to your broker.