Deccan Gold Mines Limited has announced a board meeting scheduled for January 24, 2026, to consider strategic investment decisions and modifications to its rights issue proceeds utilization. The meeting comes following recent developments in the company's investment in Geomysore Services India Private Limited (GMSI).

Recent GMSI Share Acquisition

On January 19, 2026, the company completed the acquisition of equity shares in GMSI, marking a significant strategic investment.

GMSI Rights Issue Proposal

The Board of Directors of GMSI approved a substantial rights issue at their meeting held on January 21, 2026. The rights issue parameters demonstrate the scale of the proposed capital raising exercise.

Board Meeting Agenda

The upcoming board meeting will address several critical matters under Regulation 29 of SEBI LODR. The key agenda items include:

• GMSI Rights Issue Participation: Proposal to participate in GMSI's rights issue
• Change in Objects: Modification of the company's own rights issue objects, including utilization of proceeds for investment purposes
• Proceeds Utilization: Deviation in utilization of the company's rights issue proceeds aggregating to ₹314.70 crore
• Regulatory Compliance: Fixing date, time and venue for Extraordinary General Meeting and appointment of scrutinizer

Financial Implications

The proposed changes involve significant financial considerations for the company's capital allocation strategy.

Regulatory Framework

The board meeting intimation has been made pursuant to Regulation 29(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also made this information available on its website at deccangoldmines.com, ensuring transparency and compliance with disclosure requirements.

The meeting reflects the company's strategic approach to capital deployment and its commitment to maximizing shareholder value through carefully considered investment opportunities in the mining and related services sector.

Deccan Gold Mines has announced scheduled meetings with two prominent investment funds over the next two days. The mining company will be engaging with Madhu Kela Fund and Abakkus Fund as part of its investor outreach activities.

Scheduled Investment Fund Meetings

The company has confirmed meetings with these institutional investors, which are expected to take place across today and tomorrow. These engagements represent opportunities for the company to present its business prospects to potential institutional stakeholders.

About the Investment Funds

Both Madhu Kela Fund and Abakkus Fund are recognized names in the Indian investment landscape. Madhu Kela Fund is associated with veteran investor Madhu Kela, known for his expertise in identifying value investment opportunities. Abakkus Fund is an established investment management firm that focuses on Indian equity markets.

Company Engagement Strategy

These scheduled meetings indicate Deccan Gold Mines' active approach to engaging with institutional investors. Such interactions typically involve discussions about the company's business model, growth prospects, and strategic initiatives within the mining sector.

The timing of these meetings suggests the company's commitment to maintaining regular communication with the investment community and exploring potential partnership opportunities with established fund houses.