Deccan Gold Mines has disclosed that Ms. Deepthi Donkeshwar ceased to be an Independent Director on August 08, 2026, following the completion of her second consecutive term. This departure marks the end of her tenure in compliance with SEBI Listing Regulations, which limit independent directors to two consecutive terms. The change affects the composition of the company’s Board and may influence future governance dynamics.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to the BSE Limited on August 09, 2026, by Subramaniam Sundaram, Company Secretary & Compliance Officer. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its submission.

Key Details of the Departure

The Board of Directors placed on record its sincere appreciation for the valuable services rendered by Ms. Donkeshwar during her time with the company. Her exit is a routine governance event driven by statutory term limits rather than any operational or performance-related issue.

Governance Implications

The loss of an independent director requires the company to ensure continued compliance with the minimum number of independent directors mandated by law. While the source document does not specify immediate plans for replacement, such transitions typically trigger a search process to maintain board balance. Investors should monitor subsequent filings for appointments to fill this vacancy.

Deccan Gold Mines Limited announced that Kailasam Sundaram ceased to hold the position of Independent Director and Chairperson on August 07, 2026. The exit marks the conclusion of his second consecutive five-year term, a mandatory rotation requirement under Indian corporate governance norms for independent directors. The change ensures regulatory compliance with tenure limits designed to maintain board independence.

The company notified the Bombay Stock Exchange (BSE) on August 08, 2026, disclosing the cessation under Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, which governs disclosures related to changes in board composition.

Subramaniam Sundaram, Company Secretary and Compliance Officer of Deccan Gold Mines Limited, submitted the disclosure to the Corporate Relationship Department at BSE Limited. The communication confirmed that Mr. Kailasam Sundaram’s tenure ended strictly due to the expiration of his permissible service period rather than resignation, removal, or other causes.

The Board of Directors expressed appreciation for the valuable services rendered by Mr. Kailasam Sundaram during his time with the company. As Chairperson of the Board, he would have overseen key governance functions, including audit committee oversight and risk management protocols, during his final years of service.

Key Details of Cessation

Governance Implications

The departure of an Independent Director who also served as Chairperson necessitates immediate internal restructuring to fill the leadership vacuum. Under SEBI guidelines, the role of Chairperson must typically be assumed by another independent director or a non-executive director until a new appointment is made. This transition period requires careful management to ensure continuity in board oversight and strategic direction.

Deccan Gold Mines Limited must now initiate the process to appoint a new Independent Director to replace Mr. Kailasam Sundaram. This involves identifying suitable candidates, verifying their independence criteria, and seeking shareholder approval if required by the Articles of Association. The timeline for this appointment is critical to maintaining full board strength and regulatory compliance.

The company’s registered office remains at 501, Akruti Trade Center, Road No. 7, MIDC, Andheri (East), Mumbai, while its corporate correspondence address is located in Bengaluru. Shareholders and stakeholders should monitor subsequent filings for details regarding the nomination of a successor.