Financial Performance - Q1 FY27 (Quarter Ended June 30, 2026)

Standalone Performance:

  • Total income from operations: ₹114.36 Mn (266% year-on-year increase)
  • Net profit: ₹11.52 Mn (compared to net loss of ₹155.90 Mn in corresponding quarter last year)

Associate Company Performance:

  • Share of profit from associates: ₹66.44 Mn
  • Primary driver: Geomysore Services (India) Private Limited with higher production, increased inventory, and improved operational throughput
  • Additional contribution from Kalevala Gold Oy, Finland

Consolidated Performance:

  • Total income from operations increased by 56% year-on-year
  • Consolidated loss narrowed by 69% year-on-year

Operational Highlights

Geomysore Services (India) Private Limited:

  • Gold production: 89.70 kg during Q1 FY27
  • Continued inventory build-up as production ramped up
  • Expected to support higher revenues and profitability in coming quarters

Altyn Tor Gold Project (Kyrgyz Republic):

  • Entered production phase following successful commissioning activities
  • Commercial production ramps up during September 2026 quarter (Q2 FY27)
  • Expected to make meaningful contribution to revenues and profitability from Q2 FY27

Capital Raising Initiative

Board Approval:

  • Preferential capital raise of over ₹1370 million approved
  • Instruments: Combination of Compulsorily Convertible Debentures (CCDs), equity shares, and equity warrants
  • Status: Subject to shareholder and regulatory approvals
  • Purpose: Support exploration, project development, production expansion and strategic investments across gold and critical minerals portfolio in India and overseas

Corporate Governance Updates

Board Appointments:

  • Ms. Jade Gemma Devenish appointed as Non-Executive Non-Independent Director
  • Brings extensive experience in mining project development, capital raising, regulatory approvals and stakeholder engagement
  • Relocated from Australia to India in 2009 and played pivotal role in development of Jonnagiri Gold Project

Leadership Changes:

  • Mr. Pandarinathan Elango designated as Chairperson of the Board
  • Board Committees reconstituted to reinforce commitment to strong corporate governance and long-term strategic oversight

Corporate Action

Extraordinary General Meeting:

  • EGM convened on September 2, 2026
  • Purpose: Seek shareholders' approval for the proposed preferential issue and related matters

Company Background

Deccan Gold Mines Limited is India's first and only listed gold and critical minerals resource company, established in 2003. The company has built a diversified portfolio of gold and critical mineral assets across India and internationally, spanning Andhra Pradesh, Kyrgyzstan, Chhattisgarh, Spain, Mozambique, Finland, and Tanzania.