Key Transaction Details

  • Parties Involved:
  • Borrower: Deccan Gold Mines Limited
  • Lender: Beyond The Crowd Ventures LLP
  • Loan Amount: ₹1.8 Crore
  • Purpose: To primarily fund the Altyn Tor Gold Project of Avelum Partner LLC, Kyrgyz Republic (a subsidiary of the Borrower)
  • Significant Terms:
  • Tenure: 12 months
  • Interest Rate: 12% per annum
  • Security: The loan is secured by a pledge of 11,250 equity shares held by Deccan Gold Mines Limited in Geomysore Services (India) Private Limited
  • Relationship Status:
  • The parties are not related to promoter/promoter group/group companies
  • The transaction does not fall within related party transactions
  • No shareholding exists between the entities

Additional Information

  • No special rights like right to appoint directors, first right to share subscription, or right to restrict capital structure changes
  • No nominee on the board of directors or potential conflict of interest arising from the agreement
  • No termination or amendment of agreement applicable