Godawari Power and Ispat Limited (GPIL) has executed a Facility Agreement for granting an Inter Corporate Loan of ₹40.00 Crore to Deccan Gold Mines Limited (DGML) on June 5, 2026. The loan is being extended from the company's surplus funds.
Key Transaction Details
- Lender: Godawari Power & Ispat Limited
- Borrower: Deccan Gold Mines Limited
- Loan Amount: ₹40 Crores
- Agreement Date: June 5, 2026
- Nature of Loan: Inter Corporate Loan
- Tenure: 12 months
- Interest Rate: 12% per annum on quarterly compounding basis
- Interest Payment: Payable not later than 7 days before the end of each quarter
Purpose of Loan
The funds 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 DGML, in the Kyrgyz Republic. The funds will also be used for other project development, working capital, and general administrative purposes.
Security Arrangement
The loan is secured by a pledge on 5,00,000 equity shares of Geomysore Services (India) Private Limited held by the borrower (Deccan Gold Mines Limited).
Shareholding and Relationship
Godawari Power holds 4,75,537 equity shares in Deccan Gold Mines Limited. Hira Infra-tek Limited, a promoter group company of Godawari Power, holds 8.37% equity in Deccan Gold Mines Limited and also holds 26% stake in Avelum Partner LLC, Kyrgyzstan.
Additional Information
The document was signed digitally by Y.C. Rao, Company Secretary, on June 5, 2026 at 16:35:48 +05:30. The reference number for the disclosure is GPILINSE&BSE/2026/6 3 52.