Key Quantitative Figures
The revised structure and size of the preferential issue are as follows:
- Compulsorily Convertible Debentures (CCDs): 8,57,216 CCDs to be issued, convertible into 8,57,216 equity shares, for a total consideration of ₹1,645.00 lakhs.
- Equity Shares: 3,90,827 equity shares to be issued for a total consideration of ₹750.00 lakhs.
- Equity Warrants: 58,21,976 equity warrants to be issued, convertible into 58,21,976 equity shares, for a total consideration of ₹11,172.37 lakhs.
- Total Issue Size: 71,74,239 securities for an aggregate consideration of ₹13,567.37 lakhs (Rupees One Hundred Thirty-Five Crore Sixty-Seven Lakh Thirty-Seven Thousand only).
Parties Involved
- Issuer: Deccan Gold Mines Limited (Scrip Code: 512068)
- Regulator/Recipient: BSE Limited
- Excluded Allottee: Mr. Rian Sumit Gala, who was previously proposed to be allotted 1,04,220 Equity Warrants aggregating to ₹200.00 lakhs.
- Company Officer: Subramaniam Sundaram, Company Secretary & Compliance Officer (Membership No.: ACS 12110)
Rationale for Revision
The company decided to exclude Mr. Rian Sumit Gala and not allot any securities to him because he had "undertaken transactions involving sale and purchase of securities."
Company Undertaking
The company explicitly undertakes that "Mr. Rian Sumit Gala shall not be allotted Equity Warrants pursuant to the proposed Preferential Issue."