Deccan Gold Mines Ltd

Deccan Gold Mines Raises ₹314.7 Cr via Rights Issue for Expansion 💼

- Raised ₹314.70 crore via rights issue of 3,933,863 equity shares at ₹80 per share (including ₹78 premium)

- Proceeds intended for investment in Avelum Partner LLC, inorganic growth, project development, and general corporate purposes

- Subsidiary performances: Deccan Exploration Services (India) reported net loss of ₹5.874 lakh; Avelum Partner LLC (Kyrgyzstan) reported net loss of ₹244.934 crore; Deccan Gold FZCO (Dubai) group reported net loss of ₹16.644 crore

- Associate companies: Geomysore Services (India) share of loss ₹62.803 lakh; Kalevala Gold Oy (Finland) share of loss ₹5.778 lakh

- 75,000 employee stock options outstanding under Deccan Gold Mines Limited Stock Incentive Plan, 2024, with exercise price ₹201 per share

- New subsidiary Novadhatu Minerals Private Limited incorporated on October 27, 2025, but not yet operational