Deccan Gold Mines Limited , a prominent player in the mining sector, has announced a rescheduling of its Board meeting to December 3 to finalize the terms of a proposed Rights Issue. This development comes after the company received in-principle approval from BSE on November 28.

Upcoming Board Meeting Agenda

The rescheduled meeting will focus on considering and approving various aspects of the Rights Issue, including:

• Issue price
• Entitlement ratio
• Number of equity shares to be issued
• Record date
• Issue schedule

Background of the Rights Issue

Previously, Deccan Gold Mines' Board of Directors had approved a rights issue of equity shares, aiming to raise up to Rs 315.00 crore. The initial decision was made during a board meeting held on November 8.

Key Details of the Proposed Rights Issue

Regulatory Compliance

Deccan Gold Mines has emphasized that the rights issue will be conducted in accordance with applicable laws, including:

• The Companies Act, 2013 (as amended)
• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended)

The company has also stated that the issue is subject to necessary regulatory and statutory approvals.

Implications for Shareholders

This rights issue presents an opportunity for existing shareholders to potentially increase their stake in the company. However, the impact on individual shareholders will depend on the terms to be finalized in the upcoming board meeting.

Market Disclosure

In compliance with regulatory requirements, Deccan Gold Mines has made this disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders and potential investors will be watching for the outcome of the December 3 board meeting, as the finalization of the Rights Issue terms could have implications for the company's future growth and operational strategies in the mining sector.

Deccan Gold Mines Limited (DGML) has announced plans to explore various fundraising options, including the issuance of equity shares or bonds. This strategic move aims to bolster the company's capital position and support its future growth initiatives.

Board Meeting Scheduled

The company has scheduled a board meeting for Saturday, November 8, 2025, to discuss and consider the proposal for raising funds. The board will evaluate various permissible modes of fundraising, which may include:

• Rights issue
• Preferential issue
• Qualified institutions placement

Key Considerations

During the upcoming board meeting, DGML's directors will deliberate on several crucial aspects of the potential fundraising:

1. Constituting a dedicated committee for fund raising
2. Determining the pricing and terms of the instruments
3. Deciding on the issue price and size of the offering
4. Establishing the number of equity shares to be issued and offered

The company emphasized that any fundraising activity would be subject to necessary regulatory and statutory approvals, in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Trading Window Closure

In line with the company's Insider Trading Code of Conduct and SEBI regulations, DGML has closed the trading window for designated persons and their relatives. This closure, effective since October 1, 2025, will remain in place until 48 hours after the announcement of the unaudited financial results for the quarter and half-year ended September 30, 2025.

The outcome of the board meeting and any decisions regarding the fundraising initiative will be closely watched by investors and market analysts, as it could significantly impact the company's financial structure and future growth prospects.

Deccan Gold Mines Limited is expected to provide further updates following the board meeting on November 8, 2025.