Deccan Gold Mines Limited has secured a loan of ₹2 crore from Modali Consultants LLP to fund the development of its projects. The debt financing carries an interest rate of 12% per annum and is structured for a tenure of 12 months. This capital infusion is aimed at advancing the company's project development activities.

The loan agreement was executed on June 10, 2026, under the provisions of Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is not classified as a related party transaction, and the lender does not hold any shareholding in the borrower.

To secure the borrowing, Deccan Gold Mines Limited has pledged 12,500 equity shares it holds in Geomysore Services (India) Private Limited. The loan is classified as debt funding, and the total amount sanctioned stands at ₹2 crore.

The disclosure was submitted to BSE Limited, with Subramaniam Sundaram, Company Secretary & Compliance Officer, confirming the completion of documentation. The filing referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Details of the Agreement

Godawari Power & Ispat Limited has extended a debt funding of ₹40 crore to Deccan Gold Mines Limited to finance the development of the Altyn Tor Gold Project in the Kyrgyz Republic. The loan agreement was executed on June 05, 2026, with an interest rate of 12% per annum on a quarterly compounding basis. The funds will support the project undertaken by Avelum Partner LLC, a subsidiary of Deccan Gold Mines Limited, and will also be used for general administrative purposes and working capital.

The transaction is secured by a pledge of 5,00,000 equity shares held by Deccan Gold Mines Limited in Geomysore Services (India) Private Limited. The tenure of the loan is set at 12 months, with interest payments due not later than 7 days before the end of the respective quarter. The disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Terms of the Loan Agreement

The agreement outlines the financial structure and security arrangements for the debt funding. The following table summarizes the significant terms:

The parties confirmed that they are not related to each other in terms of promoter or promoter group holdings, and the transaction does not fall under related party transactions. The funds are specifically earmarked for the Altyn Tor Gold Project, marking a notable step in Deccan Gold Mines' overseas expansion efforts.