News Corporate Actions Deccan Gold Mines Allots 85,000 Equity Shares Under Stock Incentive PlanDeccan Gold Mines Allots 85,000 Equity Shares Under Stock Incentive Plan
Deccan Gold Mines Limited allotted 85,000 equity shares at Rs. 20/- per share under its 2024 stock incentive plan, approved by the Nomination & Remuneration Committee on March 03, 2026. The allotment increased the company's paid-up capital from Rs. 19,78,16,715 to Rs. 19,79,01,715, realizing Rs. 17,00,000 from option exercises. The plan covers 8,000,000 total options with 50,50,000 currently vested, maintaining full compliance with SEBI regulations.
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Deccan Gold Mines Limited has allotted 85,000 equity shares under its employee stock option plan, marking another milestone in the company's capital structure expansion. The allotment was executed pursuant to the Deccan Gold Mines Limited stock incentive plan, 2024, following regulatory approvals and compliance requirements.
Share Allotment Details
The Nomination & Remuneration Committee approved the allotment of 85,000 equity shares through a resolution passed by circulation on March 03, 2026. The shares carry a face value of Rs. 1/- each and were issued as fully paid-up equity shares to eligible grantees upon exercise of their stock options.
| Parameter: | Details |
|---|---|
| Number of Shares Allotted: | 85,000 |
| Face Value per Share: | Rs. 1/- |
| Exercise Price per Share: | Rs. 20/- |
| Premium per Share: | Rs. 19/- |
| Total Money Realized: | Rs. 17,00,000 |
| Date of Issue: | March 03, 2026 |
Impact on Share Capital
The allotment resulted in an increase in the company's paid-up equity share capital, reflecting the expansion of the shareholder base through the employee incentive program.
| Capital Structure: | Before Allotment | After Allotment |
|---|---|---|
| Paid-up Capital: | Rs. 19,78,16,715 | Rs. 19,79,01,715 |
| Number of Shares: | 19,78,16,715 | 19,79,01,715 |
| Share Type: | Equity shares of Rs. 1/- each | Equity shares of Rs. 1/- each |
Stock Incentive Plan Overview
The Deccan Gold Mines Limited stock incentive plan, 2024 encompasses a comprehensive employee benefits structure designed to align employee interests with company performance. The plan was filed with BSE Limited on May 23, 2024, and operates in full compliance with SEBI regulations.
Key Plan Features:
- Total options available under the plan: 8,000,000 stock options
- Options granted to eligible employees: 50,50,000
- Options vested as on date: 50,50,000
- Options exercised: 85,000
- Options lapsed: 30,000
- Exercise period: Up to five years from vesting date
Regulatory Compliance
The allotment was conducted in strict adherence to multiple regulatory frameworks, ensuring transparency and proper disclosure to stakeholders.
Compliance Framework:
- SEBI LODR Regulations - Regulation 30
- SEBI Share Based Employee Benefits and Sweat Equity Regulations, 2021 - Regulation 10(c)
- SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
The newly allotted shares carry distinctive numbers from 197816716 to 197901715 and are identical in all respects to existing equity shares. These shares rank pari passu with the company's existing equity shares and are eligible for listing on BSE Limited under the ISIN INE945F01025. The company has fulfilled all disclosure requirements and uploaded the relevant information on its investor relations portal for stakeholder access.
Historical Stock Returns for Deccan Gold Mines
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.53% | -5.50% | -6.87% | -1.27% | +14.51% | +618.56% |
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