Transaction Details

The company has availed a loan of ₹2 Crore from Modali Consultants LLP.

Parties Involved

  • Borrower: Deccan Gold Mines Limited
  • Lender: Modali Consultants LLP

Purpose of Agreement

For development of the company's project.

Loan Terms

  • Loan Amount: ₹2 Crore
  • Tenure: 12 months
  • Interest Rate: 12% per annum
  • Nature of Loan: Debt Funding

Security Arrangements

The loan is secured by pledge of 12,500 equity shares held by Deccan Gold Mines Limited in Geomysore Services (India) Private Limited.

Relationship Status

  • Shareholding in entity: Nil
  • Related to promoter/promoter group/group companies: No
  • Related party transaction: No
  • Arm's length transaction: Confirmed as arm's length

Additional Information

  • No issuance of shares involved in this transaction
  • No termination or amendment of agreement applicable
  • No other disclosures related to nominee directors or conflict of interest