Deccan Gold Mines Limited has completed documentation for availing a loan of ₹4.2 Crore from Beyond The Crowd Ventures LLP. The disclosure is made pursuant to Regulation 30 read with Schedule III- Para B of Part A of the SEBI Listing Regulations and SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Key Transaction Details
- Parties: Deccan Gold Mines Limited (Borrower) and Beyond The Crowd Ventures LLP (Lender)
- Purpose: To primarily fund the Altyn Tor Gold Project of Avelum Partner LLC, Kyrgyz Republic, which is a subsidiary of the Borrower
- Loan Amount: ₹4.2 Crores
- Tenure: 12 months
- Interest Rate: 12% per annum
- Security: The loan is secured by pledge of 26,250 equity shares held by the Borrower in Geomysore Services (India) Private Limited
Relationship and Transaction Nature
- The parties are not related to promoter/promoter group/group companies in any manner
- The transaction does not fall within related party transactions
- The transaction is executed at arm's length terms
Additional Information
- Shareholding in the entity: 21,000 Shares (specific entity not specified)
- No special rights like right to appoint directors, first right to share subscription, or right to restrict capital structure changes
- No details of termination or amendment of agreement (not applicable)
- No nominee on board of directors or potential conflict of interest arising from the agreement
The disclosure was signed by Subramaniam Sundaram, Company Secretary & Compliance Officer (Membership No.: ACS 12110) on May 22, 2026 at 18:33:21 IST.