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.

Deccan Gold Mines announced that the President of the Kyrgyz Republic will inaugurate the Altyn Tor Gold Project on September 11, 2026. The event is part of the national Independence Day celebrations.

A landmark moment for Indian investment in Kyrgyz gold mining

The Altyn Tor Gold Project holds the distinction of being the first Indian investment in Kyrgyz gold mining to reach the production stage. The inauguration by the President of the Kyrgyz Republic underscores the significance of this development at a bilateral level. The company views this as a validation of its strategy to build a diversified, production-oriented portfolio of gold and critical mineral assets across India and international markets.

Key details of the inauguration

Subsidiary and operational specifics

The project is operated by Avelum Partner LLC, a subsidiary of Deccan Gold Mines Limited, located at the Solton-Sary (Altyn Tor) site in the Naryn region of central Kyrgyzstan. The deposit forms part of the highly mineralized Soltan Sary mineralization zone, which extends over 300km length and is part of the major Tien Shen Shear Zone.

The inauguration will be conducted online as part of the celebrations marking the Independence Day of the Kyrgyz Republic. His Excellency Mr. Sadyr N. Japarov, President of the Kyrgyz Republic, will preside over the event. Senior management personnel from both Avelum Partner LLC and Deccan Gold Mines Limited will be present at the project site on September 11, 2026. The company received official communication from the Naryn District State Administration regarding the inclusion of the enterprise in the inauguration list.

Management perspective

Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Limited, described the inclusion in the national inauguration programme as a matter of immense pride. He noted that the recognition reflects the project's importance to the economic development of the Kyrgyz Republic.

Modali emphasized that Altyn Tor is not only a major milestone for the company but also holds historical significance as the first Indian investment in the gold mining sector of the Kyrgyz Republic to reach the production stage. He stated that the project represents a landmark of India-Kyrgyzstan economic partnership and a powerful validation of the vision to build a globally relevant mining company. The company remains committed to building a world-class mining operation that creates long-term value for stakeholders while strengthening economic ties between India and the Kyrgyz Republic.