Godawari Power and Ispat Ltd to invest in rights issue of Deccan Gold Mines Ltd

The Board of Directors of Godawari Power and Ispat Limited ("the Company") at its Meeting held today i.e. on 04th December, 2025, has at the request of Deccan Gold Mines Ltd (DGML) considered and approved the following proposals:

(i) to act as a Specific lnvestor in the proposed Right Issue of DGML and to subscribe to such portion of the Rights Issue that may remain unsubscribed, if any, in the event of a shortfall, so as to ensure that at least 90% of the total issue size is subscribed.

(ii) to reserve the right to take up the undersubscribed portion to the extent of 100% of the Rights Issue, beyond 90% as a Specific Investor subject to the condition that the shareholding of GPIL along with its group companies does not cross the limit of 25% of the post issued paid up and voting share capital of DGML in compliance with applicable laws and regulatory approvals.

Accordingly the Board has approved investment in equity shares of DGML to the extent of unsubscribed portion of the Rights Issue at a price of Rs 80/- (including premium of Rs 79/-) per share.

Deccan Gold Mines Limited (DGML) is a listed company engaged in mining of gold & other critical minerals and holds active operations and exploration initiatives in Kyrgyzstan, India, Finland, Mozambique, and Tanzania. The Company is currently engaged in exploration activities of Gold mineral and the Company is in advance stage of Gold mining & Processing in two of its mines one located in associate company (27°/o stake) in India and other in Subsidiary company at Krygysthan (60% stake). The company is in exploration stage right now hence there is not too significant revenue.

Source : Equity Bulls

Keywords

GodawariPowerandIspat RightsIssue SpecificInvestor DeccanGoldMines