Description
692,764 equity shares of Deccan Gold Mines Ltd listed and permitted to trade from August 18, 2025, issued through conversion of compulsory convertible debentures.
Summary
Deccan Gold Mines Ltd (Scrip Code: 512068) has listed 6,92,764 new equity shares of Re. 1/- each on BSE, effective from Monday, August 18, 2025. These shares were issued at a premium of Rs. 115.20/- to non-promoters on preferential basis pursuant to conversion of compulsory convertible debentures (CCDs).
Key Points
- 692,764 equity shares of Re. 1/- each listed
- Issue price: Rs. 116.20/- per share (Re. 1/- + Rs. 115.20/- premium)
- Issued to non-promoters on preferential basis
- Shares rank pari-passu with existing equity shares
- ISIN: INE945F01025
- Distribution numbers: 156921059 to 157613822
- Date of allotment: June 16, 2025
Regulatory Changes
No regulatory changes introduced. Standard listing procedure for CCD conversion.
Compliance Requirements
- Trading members informed of new securities availability
- Lock-in periods applicable as per SEBI regulations for preferential allotment
- Shares subject to various lock-in periods ranging from May 29, 2025 to May 30, 2025
Important Dates
- Allotment date: June 16, 2025
- Trading commencement: August 18, 2025
- Lock-in expiry dates: May 29, 2025 and May 30, 2025 (various tranches)
Impact Assessment
Moderate impact on existing shareholders due to dilution from 692,764 new shares. The preferential allotment to non-promoters may affect promoter shareholding percentage. Lock-in provisions ensure gradual release of shares into the market, minimizing immediate supply pressure.
Impact Justification
Standard equity listing from CCD conversion with moderate share count