Deccan Gold Mines announced that the company has allotted 3,21,000 fully paid equity shares of Rs 1 each on conversion of employee stock options under Deccan Gold Mines Employee Stock Option Plan (ESOP), 2008.

Consequent to the above allotment, the paid-up equity share capital of the company has increased from Rs 58,867,250 consisting of 58,867,250 equity shares of Rs 1 each to Rs 59,188,250 consisting of 59,188,250 equity shares of Rs 1 each.

Shares of the company gained Rs 0.15, or 0.8%, to settle at Rs 18.85. The total volume of shares traded was 40,838 at the BSE (Wednesday).