Raipur, December 31, 2025: Godawari Power and Ispat Limited (BSE: 532734, NSE: GPIL) on Wednesday informed stock exchanges that it will not be required to subscribe to any shares in the proposed rights issue of Deccan Gold Mines Ltd, after the issue was fully oversubscribed.Rights Issue Update
The company stated that it had earlier communicated its intention to act as a specific investor in the proposed rights issue of Deccan Gold Mines Ltd. However, following the completion of the issue process, the rights offer received subscriptions in excess of the issue size.As a result of the oversubscription, Godawari Power and Ispat Limited will not be allotted or required to subscribe to any equity shares under the said rights issue.
The company clarified that the disclosure has been made for information and record purposes.
Timeline of Events
| Particulars | Details |
|---|---|
| Earlier intimation to act as specific investor | December 4, 2025 |
| Update on rights issue outcome | December 31, 2025 |
| Subscription status of issue | Oversubscribed |
| GPIL subscription requirement | Nil |
Market Context
The clarification removes any immediate capital outflow related to the proposed investment, as the oversubscription of the issue eliminates the need for participation by specific investors.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.