Transaction Details

Deccan Gold Mines Limited has entered into a Definitive Agreement for acquisition of 51% stake in LOGROSAN MINERA S.L. SPAIN ("LOGROSAN").

Target Company Information

Name: LOGROSAN MINERA S.L. SPAIN

Business: Mineral exploration company with 2 granted exploration licenses:

  • Antonio and Mari licenses covering total area of 7732.37 Ha
  • Exploration for tungsten, tin, REE (Rare Earth Elements) and gold

Additional Applications: Applied for Logrosan North license over 3072.09 Ha for gold exploration

Paid-up Share Capital: 3,006.00 €

Financial Position (FY 2023-2024):

  • Turnover: Rs. Nil
  • Net Worth: Rs. (11,95,020) [negative]

Historical Financials

Turnover for Last 3 Years (Amount in Rs):

  • 2023-2024: Nil
  • 2022-2023: Nil
  • 2021-2022: (27,000) [negative]

Project Characteristics

LOGROSAN's projects are located within a highly mineralized region of Spain known for tungsten, tin, rare earth elements, and gold occurrences. A drilling program is currently in progress and has intersected multiple veins of scheelite (tungsten) mineralisation.

Transaction Structure

Acquisition Percentage: 51% stake

Consideration Type: Cash consideration

Acquisition Entity: To be made by Deccan Gold and/or its wholly owned subsidiary, DGFZCO

Cost of Acquisition: Euro 1.76 million for 51% stake

Regulatory Aspects

Related Party Status: The acquisition does not fall within the definition of 'related party transaction'. No promoter/promoter group/group companies have any interest in the entity being acquired.

Government Approvals Required: Subject to applicable governmental/regulatory approvals in India, Dubai, Spain & United Kingdom

Strategic Rationale

For collaboration in relation to the investment, mineral exploration and potential development of mining prospects in Spain. The company operates in Critical Minerals exploration sector.

Timeline

Indicative Completion Date: March 2027

Additional Information

The disclosure is made pursuant to SEBI Master Circular dated January 30, 2026. The information has been uploaded on the Company's website at https://deccangoldmines.com/.

#Tags #DeccanGoldMines #M&AAcquisition #SEBIRegulation30 #InternationalExpansion #MineralExploration