StockWatch
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Precious Metals
Corporate Action7 Aug 2026, 09:30 pm

Deccan Gold Mines Approves Preferential Issue of Securities

AI Summary

Deccan Gold Mines Limited's Board of Directors has approved a preferential issue of securities, including Compulsorily Convertible Debentures (CCDs), Equity Shares, and Equity Warrants, to non-promoter entities. The total issue aggregates up to ₹16,44,99,750 via CCDs, ₹7,49,99,701 via Equity Shares, and ₹1,13,72,37,012 via Equity Warrants. The issue price for all securities is fixed at ₹191.90. The CCDs and Equity Warrants are convertible into equity shares within 18 months. Shareholder approval and regulatory clearances are pending. An Extra-Ordinary General Meeting (EGM) is scheduled for September 02, 2026, to seek shareholder consent.

Key Highlights

  • Board approved preferential issue of CCDs, Equity Shares, and Warrants.
  • Total issue size aggregates approximately ₹137.69 Crore.
  • Issue price fixed at ₹191.90 per security.
  • Securities to be issued to non-promoter category entities.
  • EGM scheduled for September 02, 2026, for shareholder approval.