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The Hutti Gold Mines Company Limited is a Government of Karnataka undertaking that mines and produces gold. In FY2020-21 it treated ore, produced gold, sold gold including silver, and generated wind power, which was exported to BESCOM. Its reported operating model combines underground mining, ore processing and gold recovery with a wind-power activity. The directors described a corporate mission to improve productivity and profitability, sustain growth, support a safe and healthy mining environment, develop employees and support community welfare around Hutti. The annual report identifies mining projects including a new circular shaft, ball mills, underground crushing and conveying system and housing at Hutti. It also discusses the Chitradurga Gold Unit, where work related to low-grade ore was being considered subject to viability and approvals. The company’s audited accounts are prepared under Ind AS, and its shares are unlisted.
About this company
The Hutti Gold Mines Company Limited (HGML) is a State Government undertaking owned by the Government of Karnataka and engaged in the exploration, development and mining of gold. Established in 1947 (originally as Hyderabad Gold Mines) and headquartered in Bengaluru, the company operates the Hutti Gold Unit in Raichur district and the Chitradurga Gold Unit, processing ore from the Hutti mine and satellite deposits such as Uti and Hira-Buddinni. HGML is among the few producers of primary gold from indigenous mining in India, with by-products including silver and a small wind-power capacity. As a government-held mining enterprise that has not undertaken a public listing, its equity changes hands in the unlisted market, where it is tracked by investors following India's domestic gold-mining sector. Like all unlisted and pre-IPO securities, these shares carry higher risk and significantly lower liquidity than listed stocks, and there is no assurance that any public listing will occur. This information is provided for general informational purposes only.
COMPANY REGISTRY · ON FILE
THE CREW · BOARD & MANAGEMENT
COMMON QUESTIONS.
Is Hutti Gold Mines Company Limited listed on the stock exchange?+
No. As of 2 September 2026, Hutti Gold Mines Company Limited is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.
What is the Hutti Gold Mines Company Limited unlisted share price?+
As of 2 September 2026, the indicative unlisted share price of Hutti Gold Mines Company Limited is ₹1,19,838 per share. This is an over-the-counter reference price, not a stock-exchange quote.
What indicative minimum amount is displayed for Hutti Gold Mines Company Limited unlisted shares?+
The displayed unit count is 1 share(s); at the indicative price of about ₹1,19,838, the displayed amount is approximately ₹1,19,838. This is a display convention, not evidence of inventory, an order minimum or a quote.
What is the ISIN of Hutti Gold Mines Company Limited?+
The recorded ISIN of Hutti Gold Mines Company Limited is INE2RVS01018. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.
Is trading in Hutti Gold Mines Company Limited unlisted shares legal in India?+
Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.
Is there a lock-in period for unlisted shares?+
A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.
Do you guarantee returns?+
No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.