Deccan Gold Mines Ltd Rights Issue (Deccan Gold Mines Rights Issue 2025) Detail

Rights Issue Timetable

Deccan Gold Mines Ltd is an Indian public-listed company (BSE: 512068) focused on mineral exploration, primarily gold. Its core business comprises exploration, development, and — increasingly — production of gold (and other critical/strategic minerals) in India and abroad.

Business model:

• Exploration & Resource Identification — using geological, geophysical, geochemical and drilling techniques.
• Development of Mining Projects — converting promising deposits into commercially viable mines. Example: Jonnagiri Gold Project (via Geomysore) in India; and Altyn Tor Gold Project in Kyrgyzstan.
• Diversification into Critical/Strategic Minerals & Global Assets ;— moving beyond domestic gold exploration to global operations and multi-metal & critical-mineral resources (e.g. Ni-Cu-PGE, lithium) to tap broader demand and strategic opportunities.
• Mineral Exploration Consultancy & Services — through a subsidiary, Deccan Gold FZCO (Dubai), the company also offers geological consultancy and exploration services — particularly in Africa, CIS regions, etc.

DGML’s operations span several projects, both within India and internationally.

Objects of the Issue:

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

1. Repayment of Inter Corporate Deposits availed by the Company from Godawari Power and Ispat Limited, Ardent Steel Private Limited and Hira Ferro Alloys Limited;
2. Investment in Avelum Partner LLC, Kyrgyzstan, our subsidiary for further project development and enhancement of resources at its Altyn Tor Gold Mine, Kyrgyzstan;
3. Funding unidentified strategic investment and acquisition to pursue inorganic growth for the development of new brownfield exploration projects;
4. General Corporate Purposes.