Deccan Gold Mines Limited has secured a loan of ₹3 crore from Modali Consultants LLP to fund the development of its project. The debt funding carries an interest rate of 12% per annum, compounded quarterly, with a tenure of 12 months. The transaction is not a related party transaction and was conducted at arm's length.

The loan is secured by the pledge of 18,750 equity shares held by the borrower in Geomysore Services (India) Private Limited. The documentation for the loan was completed on June 23, 2026. The disclosure was made to BSE Limited under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Loan Details

The company confirmed that there is no shareholding in Modali Consultants LLP and that the lender is not related to the promoter or promoter group. The interest is payable at the end of the tenure.

Deccan Gold Mines Ltd has secured the runner-up position in the Excellence in Mineral Discovery and Exploration category at the Associated Chambers of Commerce & Industry of India (ASSOCHAM) awards. The recognition was awarded for the discovery of nickel, copper, and PGE mineralisation at its Bhalukona Project located in Chhattisgarh. This achievement underscores the company's progress in identifying critical mineral resources within the country.

The company reported that assay results for six drill holes have been received to date. Of these, five drill holes intersected potentially economic Ni-Cu-PGE mineralisation. This technical data supports the potential economic viability of the Bhalukona Project.

Deccan Gold expressed optimism that the project could evolve into India’s first Nickel-Copper-PGE mine. The company believes the asset has the potential to contribute meaningfully to the nation's critical minerals ambitions, subject to continued exploration success.

Project Details

Company Profile

Deccan Gold Mines Ltd remains the first and only gold and critical mineral resource company listed on the Bombay Stock Exchange Limited (BSE). Established in 2003, the firm holds a strategic portfolio of assets across India and internationally. Its projects span Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain, Mozambique, Finland, and Tanzania.

The company's vision focuses on becoming India’s leading gold and critical minerals producer. It emphasizes ethical and responsible mining practices, aiming to transform natural resources into shared prosperity through sustainable nation-building.