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.

Deccan Gold Mines Limited (DGML) has made a strategic move into the critical minerals sector with the launch of its wholly-owned subsidiary, Novadhatu Minerals Private Limited. This new venture, incorporated on October 27, 2025, aims to focus exclusively on critical mineral projects in India, marking a significant expansion of DGML's mining portfolio.

Key Details of the New Subsidiary

Strategic Objectives

Novadhatu Minerals is set to engage in a range of activities centered around critical minerals:

1. Exploration and Mining: The company will focus on the exploration, development, and extraction of critical minerals, with a particular emphasis on Nickel and Platinum Group Elements (PGEs).

2. Processing and Refining: Establishment of processing plants, smelters, and refineries for the extracted minerals.

3. Trading and Manufacturing: Involvement in the manufacturing, marketing, import, and export of products derived from Nickel and PGEs.

4. Research and Development: Commitment to advancing mining technologies, environmental sustainability, and resource optimization.

5. Land Acquisition: Securing rights over mineral-bearing lands and properties for exploration and evaluation.

Market Implications

This strategic move by Deccan Gold Mines comes at a time when critical minerals are gaining importance globally. The focus on Nickel and PGEs is particularly noteworthy, given their crucial role in emerging technologies, including electric vehicles and renewable energy systems.

The expansion into critical minerals through Novadhatu Minerals represents a diversification of Deccan Gold Mines' portfolio. It positions the company to potentially capitalize on the growing demand for these essential resources in India's evolving industrial landscape.

As the critical minerals sector continues to gain prominence, Deccan Gold Mines' entry through Novadhatu Minerals could potentially open up new revenue streams and growth opportunities for the company in the long term.

Investors and industry observers will be keenly watching how this new subsidiary develops its operations and contributes to Deccan Gold Mines' overall business strategy in the coming years.