Deccan Gold Mines has scheduled its 42nd Annual General Meeting (AGM) for September 29, 2026. The company also announced the e-voting period and re-appointed Pandarinathan Elango as an independent director.

The Board of Directors approved these decisions on September 4, 2026. The AGM will be held via Video Conferencing or Other Audio Visual Means (OAVM).

AGM and E-Voting Details

The 42nd AGM is convened for Tuesday, September 29, 2026, at 11:30 am IST. The Register of Members and Register of Share Transfer will remain closed from September 23, 2026, to September 29, 2026, both days inclusive, to determine eligibility.

Shareholders can cast votes electronically during the e-voting period. Voting commences on Friday, September 25, 2026, at 9:00 am and ends on Monday, September 28, 2026, at 5:00 pm. Members holding shares as on the cut-off date of Tuesday, September 22, 2026, are eligible to vote remotely.

Director Re-appointment

Mr. Elango is being re-appointed as a Non-Executive Independent Director for a second consecutive five-year term. The term begins on November 10, 2026, and concludes on November 9, 2031. This appointment requires shareholder approval at the upcoming AGM. Mr. Elango is not liable to retire by rotation.

Governance and Compliance

The Board meeting commenced at 3:45 pm and concluded at 4:17 pm. The disclosure was made pursuant to Regulation 30(6) read with Schedule III of the SEBI Listing Regulations, 2015, and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Additionally, the AGM intimation follows Regulation 42 of the SEBI Listing Regulations, 2015.

Subramaniam Sundaram, Company Secretary and Compliance Officer, confirmed the filing with the BSE Limited Corporate Relationship Department.

Director Profile

Pandarinathan Elango brings over 35 years of experience in the upstream oil and gas sector. He holds a Master's degree in Business Administration and began his career with ONGC in 1985. He joined Cairn India in 1996, serving in various leadership roles for more than 18 years, including as CEO from 2012 to 2014.

He served as Managing Director of Hindustan Oil Exploration Company Ltd (HOEC) from February 2015 to September 2023. Under his leadership, HOEC's oil and gas production grew from 500 barrels of oil equivalent per day (boepd) in 2015 to 10,000 boepd in 2023. Mr. Elango was one of the five finalists for Platt's first-ever Asia CEO of the Year award in 2013.

Key Details

Deccan Gold Mines shareholders approved the preferential issuance of Compulsorily Convertible Debentures and equity warrants at an Extra-Ordinary General Meeting held on September 2, 2026.

The meeting, chaired by Chairman Pandarinathan Elango, concluded at 11:52 am after transacting all business outlined in the notice dated August 7, 2026. The company utilized Video Conferencing facilities to conduct the proceedings.

Resolutions Passed

Shareholders approved three special resolutions regarding capital raising instruments. These include the offer and issue of Compulsorily Convertible Debentures, each convertible into equivalent equity shares. Additionally, the board secured approval for the direct issuance of equity shares on a preferential basis through private placement for cash consideration.

The third special resolution authorized the issuance of equity warrants, which are also convertible into equivalent numbers of equity shares on a preferential basis for cash consideration.

Board Appointment

An ordinary resolution was passed to appoint Mrs. Jade Gemma Devenish as a Non-executive and Non-Independent Director. She is liable to retire by rotation.

Voting Process

The company provided remote e-voting facilities from 9:00 am on August 29, 2026, until 5:00 pm on September 1, 2026. Mr. Jayesh M. Shah, Partner at Rathie & Associates, served as the scrutinizer for the voting process. Final voting results will be communicated to stock exchanges within two working days.