Deccan Gold Mines Limited has entered into a Memorandum of Understanding (MoU) with the CSIR-Central Electrochemical Research Institute (CSIR-CECRI) to accelerate research in nickel extraction, lithium processing, and battery materials. Disclosed on July 28, 2026, under Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the collaboration aims to strengthen India’s domestic supply chain for critical minerals by combining Deccan Gold’s resource assets with CSIR-CECRI’s scientific expertise.

Collaboration Framework

The MoU establishes a non-binding framework for joint scientific research and technology development. The partnership leverages CSIR-CECRI’s status as a premier constituent laboratory of the Council of Scientific and Industrial Research (CSIR), known for pioneering India’s first Lithium-Ion battery fabrication technology. The agreement is valid for an initial period of two years and will serve as a basis for executing specific project agreements as opportunities arise.

Key areas of cooperation include:

Strategic Significance

Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, emphasized that nations leading in scientific innovation and downstream value addition will shape future global supply chains. He stated that the collaboration brings together world-class research and responsible resource development to accelerate indigenous technologies and support India’s clean energy ambitions.

This move aligns with Deccan Gold’s broader strategy to transition beyond traditional mining into technology-led value addition. By internalizing complex metallurgical processes for nickel and lithium, the company aims to reduce reliance on external processing vendors. The partnership also complements a separate Strategic Alliance Agreement signed with XTerra Global Resources Private Limited, which focuses on broader cooperation in critical minerals and downstream value-addition opportunities globally.

What the Numbers Show

While no financial values were disclosed for these framework agreements, the strategic shift indicates a focus on high-margin, technology-intensive segments. The integration of scientific R&D with existing assets in Mozambique and India suggests an effort to capture more value within the domestic ecosystem, potentially improving long-term margin resilience against global commodity volatility.

Deccan Gold Mines Limited has secured debt funding of ₹20 crore from Hira Infra Tek Limited to finance the completion and development of the Altyn Tor Gold Project in the Kyrgyz Republic. The loan agreement was executed on July 01, 2026, and carries an interest rate of 12% per annum on a quarterly compounding basis. This funding is critical for advancing the project undertaken by Avelum Partner LLC, a subsidiary of Deccan Gold Mines Limited .

The debt has a tenure of six months, with interest payable not later than seven days before the end of the respective quarter. As security for the loan, the company has pledged 2,50,000 equity shares held by the borrower in Geomysore Services (India) Private Limited. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Transaction Details

The filing confirmed that Hira Infra Tek Limited is not related to the promoter or promoter group of Deccan Gold Mines Limited. Consequently, the transaction does not fall under related party transactions. There is no shareholding in the lender by the company, and no special rights such as board appointments or share subscription rights have been granted.