Disclosure under Regulation 30 of SEBI Listing Regulations
Deccan Gold Mines Limited (Scrip Code: 512068) has completed documentation for availing debt funding of ₹20 Crore from Hira Infra Tek Limited, Chhattisgarh (referred to as "Hira").
Transaction Details
Parties to Agreement:
- Borrower: Deccan Gold Mines Limited
- Lender: Hira Infra Tek Limited
Purpose of Funding: The debt funding will be utilized primarily for financing the completion and development of the Altyn Tor Gold Project being undertaken by Avelum Partner LLC, a subsidiary of Deccan Gold, in the Kyrgyz Republic.
Agreement Size: ₹20 Crores
Shareholding Relationship: The company holds nil shares in Hira Infra Tek Limited.
Significant Terms:
- Tenure: 6 months (Six months)
- Interest: 12% per annum on a quarterly compounding basis
- Interest payable not later than 7 days before the end of each respective quarter
Relationship Status: The parties are not related to promoter/promoter group/group companies in any manner. The transaction does not fall within related party transactions and has been done at "arm's length."
Loan Agreement Details:
- Nature of loan: Debt Funding
- Total loan amount: ₹20 crores
- Date of loan agreement: July 01, 2026
- Security: Pledge of 2,50,000 equity shares held by Deccan Gold Mines Limited in Geomysore Services (India) Private Limited
Additional Disclosures:
- No nominee on the board of directors
- No potential conflict of interest arising from the agreement
- No termination or amendment of agreement (not applicable)