Transaction Overview
Hira Ferro Alloys Limited (HFAL), a subsidiary company and part of the Promoter Group of Godawari Power and Ispat Limited (GPIL), executed a Facility Agreement on 03.08.2026 for granting an Inter Corporate Loan of ₹20.00 Crore to Deccan Gold Mines Limited (DGML). The loan is being extended from surplus funds of HFAL.
Key Transaction Details
Parties Involved:
- Lender: Hira Ferro Alloys Limited (Subsidiary and Promoter Group entity of GPIL)
- Borrower: Deccan Gold Mines Limited
Loan Terms:
- Loan Amount: ₹20.00 Crore
- Interest Rate: 12% per annum
- Tenure: Repayable on or before 31.10.2026 in one or more tranches
- Security: Pledge on 2,50,000 equity shares of Geomysore Services (India) Private Limited held by the Borrower
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.
Shareholding Relationships
GPIL Holdings in DGML:
Godawari Power and Ispat Limited holds 4,75,537 equity shares of Deccan Gold Mines Limited.
Promoter Group Holdings:
- Hira Ferro Alloys Limited does not hold any shares in Deccan Gold Mines Limited
- Hira Infra-Tek Limited (Part of Promoter Group of GPIL) holds 7.99% equity in Deccan Gold Mines Limited
- Hira Infra-Tek Limited also holds 26% stake in Avellum Partner LLC, Kyrgyzstan
Regulatory Classification
The transaction does not qualify as a Related Party Transaction and is confirmed to be executed at arm's length terms.
Additional Information
- No special rights like right to appoint directors, first right to share subscription, or right to restrict capital structure changes were included in the agreement
- No nominee directors or potential conflicts of interest arising from the agreement
- No termination or amendment clauses are currently applicable
The disclosure was signed by Yarra Chandra Rao, Company Secretary of Godawari Power and Ispat Limited, on 03.08.2026.