Godawari Power & Ispat Limited (GPIL) has received board approval to invest in Deccan Gold Mines Ltd (DGML) and act as a Specific Investor in DGML’s proposed Rights Issue. GPIL may subscribe to the unsubscribed portion to ensure at least 90% subscription of the issue. GPIL’s shareholding with its group companies will not exceed 25% of DGML’s post-issued capital.
Investment in Deccan Gold Mines
The Board of Directors of Godawari Power & Ispat Limited has approved an investment in Deccan Gold Mines Ltd (DGML) and will act as a Specific Investor in the proposed Rights Issue of DGML. This decision was made during a board meeting held on December 4, 2025.
Details of the Investment
GPIL may subscribe to the unsubscribed portion of the Rights Issue, ensuring that at least 90% of the total issue size is subscribed. Furthermore, GPIL reserves the right to take up the undersubscribed portion up to 100% of the Rights Issue, subject to the condition that the shareholding of GPIL, along with its group companies, does not exceed 25% of the post-issued paid-up and voting share capital of DGML. The investment is for equity shares of DGML at a price of ₹80 per share (including a premium of ₹79).
Deccan Gold Mines Overview
Deccan Gold Mines Limited (DGML) is involved in mining of gold and other critical minerals. DGML holds active operations and exploration initiatives in Kyrgyzstan, India, Finland, Mozambique, and Tanzania.
Acquisition Details
The acquisition will be completed on or before December 31, 2025, subject to maximum timeline. The nature of consideration is cash.
Source: BSE
