Godawari Power & Ispat has announced an update regarding its status as a Specific Investor in the Rights Issue of Deccan Gold Mines Ltd (DGML). The company had previously expressed its decision to act as a Specific Investor. However, the Rights Issue Offer of DGML has been oversubscribed; therefore, Godawari Power & Ispat is not required to subscribe to any shares under the said Rights Issue Offer.
Update on Deccan Gold Mines Rights Issue
Godawari Power & Ispat is providing an update concerning its role as a Specific Investor in the Rights Issue of Deccan Gold Mines Ltd (DGML). This follows their earlier announcement on December 4, 2025, where the company declared its intention to act as a Specific Investor.
Oversubscription Impacts Subscription
The company stated that the Rights Issue Offer of DGML has been oversubscribed. As a consequence, Godawari Power & Ispat is not obligated to subscribe to any shares within the current Rights Issue Offer. This announcement was officially made on December 31, 2025.
Source: BSE
