Deccan Gold Mines Limited has filed a regulatory update under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, informing shareholders of material progress at its flagship Altyn Tor Gold Project located in the Kyrgyz Republic. The disclosure, dated May 10, 2026, outlines key milestones achieved and the projected timeline for commercial operations at the project site.

Plant Commissioning Progress and Operational Milestones

The company reported that work at the Altyn Tor site is progressing at an accelerated pace following significant improvement in weather conditions. The following key developments were highlighted in the update:

The gravity circuit's commissioning marks a critical step in the plant's readiness, enabling concentrate production ahead of the Merril-Crowe circuit becoming operational. The Merril-Crowe circuit, once commissioned, will facilitate the production of Dore Bar from the gravity concentrates. The company has also commenced planning for an inauguration event in August 2026, a date that coincides with the Independence Days of both India and Kyrgyzstan.

Management Commentary

Deccan Gold Mines Managing Director, Dr. Hanuma Prasad Modali, commented on the progress, stating: "The steadily improving weather conditions at site have allowed our team to ramp up construction at the site. We are particularly pleased with the successful commissioning of the gravity circuit and expectation of producing gold concentrate ahead of commissioning the Merril-Crowe system in June. As the first Indian mining company in Kyrgyzstan, we remain focused on responsible growth, operational excellence, and building a model for cross-border collaboration that benefits both nations and look forward to the inauguration in August, a month where both India and Kyrgyzstan celebrate their Independence Days."

About the Altyn Tor Gold Project

The Altyn Tor Gold Project is developed and operated by Avelum Partners, in which Deccan Gold Mines holds an investment. This marks the first investment by an Indian mining and exploration company in the Kyrgyz Republic and is positioned to strengthen economic ties between the two countries. The Altyn Tor deposit is situated within the highly mineralized Soltan Sary gold mineralization zone, which extends over 300 km in length and forms part of the major Tien Shen Shear Zone. Gold mineralization at the deposit is hosted in quartz, quartz-carbonate veins, and stockworks.

Company Background

Deccan Gold Mines remains the first and only gold and critical mineral resource company listed on the Bombay Stock Exchange Limited. The company's stated vision is to be India's leading gold and critical minerals producer, with a focus on ethical, responsible, and sustainable mining practices.

Deccan Gold Mines Limited has notified the stock exchange of an upcoming Board of Directors meeting scheduled for Thursday, May 14, 2026. The meeting will be conducted through Video-Conferencing (VC) or Other Audio-Visual Means (OAVM), in compliance with Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Agenda

The primary agenda of the board meeting is to consider and approve the audited financial results of the company for the quarter and financial year ended March 31, 2026. The results will be reviewed and approved on both a standalone and consolidated basis.

Trading Window Closure and Reopening

In accordance with the company's earlier communication dated March 25, 2026, the trading window for dealing in the securities of the company had been closed for designated persons and their immediate relatives with effect from April 1, 2026. The closure was to remain in effect until 48 hours from the conclusion of the board meeting convened for considering and approving the audited financial results.

With the board meeting date now confirmed, the company has intimated that the trading window for designated persons and their immediate relatives will reopen with effect from Monday, May 18, 2026.

The intimation was filed by Subramaniam Sundaram, Company Secretary and Compliance Officer (Membership No.: A12110), on behalf of Deccan Gold Mines Limited, and is dated May 08, 2026.