Deccan Gold Mines Limited , a prominent player in the gold exploration and mining sector, has reported its financial results for the quarter ended September 30, 2025, along with several key corporate decisions. The company continues to face challenges, as reflected in its financial performance and strategic moves.

Financial Performance

Deccan Gold Mines reported a net loss of Rs 5.17 crore for the quarter ended September 30, 2025. This represents a slight increase in losses compared to the previous year's quarter, which saw a loss of Rs 4.55 crore. The company's financial results reflect the ongoing challenges in the gold exploration sector.

Key Corporate Decisions

Appointment of New Independent Director

The company's board has approved the appointment of Mr. Vishwas Vasanth Rao as a Non-Executive Independent Director for a term of 5 years, effective November 12, 2025. Mr. Rao brings valuable expertise to the board:

• Founding partner of Vantage Point Advisors LLP, Bangalore
• Qualified Chartered Accountant and Commerce Graduate
• Extensive experience in mergers and acquisitions, tax structuring, and due diligence
• Specialized focus on real estate, healthcare, education, technology, and manufacturing sectors

New Secretarial Auditors

Rathi & Associates, Company Secretaries, have been appointed as the Secretarial Auditors of Deccan Gold Mines for a period of five consecutive years, from FY2025-26 to FY2029-30. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Annual General Meeting and Book Closure

The company has scheduled its 41st Annual General Meeting for December 23, 2025. In preparation for this event, the Register of Members and Share Transfer Books will remain closed from December 17, 2025, to December 23, 2025 (both days inclusive).

Rights Issue Update

The board has postponed decisions regarding the company's Rights Issue due to pending queries from the BSE on the Draft Letter of Offer. This delay suggests ongoing regulatory scrutiny and the company's cautious approach to capital raising.

Global Operations

Deccan Gold Mines operates through a network of subsidiaries and associates across multiple countries:

This global presence underscores the company's commitment to diversifying its exploration and mining activities across various geographies.

Conclusion

As Deccan Gold Mines navigates through financial challenges and regulatory processes, the appointment of a new independent director and secretarial auditors signals the company's focus on strengthening its corporate governance. The postponement of the Rights Issue decision highlights the complex regulatory environment in which the company operates. These recent developments, particularly the new board appointment and global operations, may influence the company's strategy and performance in the coming quarters.

Deccan Gold Mines Limited , a prominent player in the mining sector, has announced a significant corporate action that could potentially bolster its financial position. The company's Board of Directors has approved a rights issue of equity shares, aiming to raise up to Rs 315 crore.

Key Details of the Rights Issue

Board Meeting and Approval

The decision was made during a board meeting held on November 8. The meeting, which commenced at 03:32 p.m. (IST) and concluded at 04:58 p.m. (IST), saw the board approving this strategic move to raise capital through the 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.

Pending Details

While the board has approved the overall structure of the rights issue, several key details remain to be finalized. These include:

• Issue price
• Rights entitlement ratio
• Record date
• Timing of the issue
• Terms of payment

The company has indicated that these details will be determined in due course by the board, in line with applicable laws and subject to receipt of necessary approvals.

Implications for Shareholders

This rights issue presents an opportunity for existing shareholders to increase their stake in the company. However, the impact on individual shareholders will depend on the yet-to-be-announced terms of the issue, particularly the rights entitlement ratio and the issue price.

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. The company has also referenced the SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, in its communication to the stock exchange.

As the details of this rights issue unfold, shareholders and potential investors will be keenly watching for further announcements from Deccan Gold Mines Limited. The success of this capital raising initiative could have significant implications for the company's future growth and operational strategies in the mining sector.