Deccan Gold Mines Ltd

In a regulatory filing made during market hours today, the company informed that the Supreme Court has announced its judgment in the Karantharu Virama Foundation vs State of Maharashtra matter. The court has upheld that mining lease applicants whose lease approvals and requisite clearances were granted prior to the 2015 amendments to the Mines and Minerals (Development and Regulation) (MMDR) Act retain their vested and accrued rights, despite the subsequent introduction of auction-based allocation regime. The court further clarified that such cases would not be treated as pending applications as of 2015 and would therefore not be subject to either the post-2015 auction regime or the lapse provisions introduced in 2021. Deccan Gold stated that it is evaluating the implications of the judgment on pending proceedings related to its Ganajur project. The company in 2015 had said that its subsidiary Deccan Exploration Services Private Limited had been granted the mining lease for the Ganajur gold project. The said project holds an estimated 3.08 lakh ounces of gold resources. The Ganajur-Karajgi PL block comprises the highly rated Ganajur Main gold deposit and several satellite prospects such as Ganajur SE, Karajgi Main, Karajgi East, Ganajur South, Ganajur Central and Karajgi Hut, hosting gold materialisation in banded iron formations. The Indian government made amendments to its mining laws (MMDR Act) back in 2015. This put many older mining applications into a legal deadlock. Deccan Gold Mines' subsidiary had applied for a lease before these changes took place. Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold. The company had reported 47.27% fall in consolidated net profit to Rs 7.62 crore in the quarter ended March 2026 from Rs 14.45 crore during the previous quarter ended March 2025. Sales for Q4 FY26 were Rs 0.59 crore as against Rs 0.01 crore in Q4 FY25. Powered by Capital Market - Live

The acquisition is expected to be completed progressively by March 2027. Following completion of the earn-in, the company will have the option to increase its stake to 75% through an additional EUR 1.0 million investment, subject to milestone achievement and independent valuation. LMSL holds the 37 square kilometres Logrosan project and the 40 square kilometres Maria project in Spain. The investment proceeds will be utilized for exploration and development of these mineral assets. Under the shareholders' agreement, subsequent project funding will be undertaken on a pro-rata basis, with Deccan Gold's stake potentially increasing up to 95% through dilution of non-contributing shareholders, while the existing shareholder retains a minimum non-dilutable 5% interest. Previous exploration work at Logrosan has identified targets for tungsten, gold, tin, rare earth elements, niobium and tantalum. Earlier drilling programs intersected multiple zones of scheelite-bearing tungsten mineralization, while an ongoing drilling campaign is aimed at expanding and defining the identified mineralized zones. The transaction remains subject to regulatory approvals in India, Spain and the UK. Dr. Hanuma Prasad Modali, managing director, Deccan Gold Mines, said: The definitive agreement for Logrosan marks another important step in Deccan Gold's strategy to build a globally diversified portfolio of gold and critical mineral assets. Securing a pathway to operational control of a prospective tungsten project in Spain strengthens our exposure to a mineral that is increasingly critical to defence, advanced manufacturing, semiconductors, and industrial technologies. Logrosan complements our growing portfolio across gold and critical minerals and reinforces our commitment to building a globally relevant mining platform positioned for the opportunities of the future. Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold. The company had reported 47.27% fall in consolidated net profit to Rs 7.62 crore in the quarter ended March 2026 from Rs 14.45 crore during the previous quarter ended March 2025. Sales for Q4 FY26 were Rs 0.59 crore as against Rs 0.01 crore in Q4 FY25. The scrip fell 1.74% to currently trade at Rs 164.05 on the BSE. Powered by Capital Market - Live

Net profit of Deccan Gold Mines declined 47.27% to Rs 7.62 crore in the quarter ended March 2026 as against Rs 14.45 crore during the previous quarter ended March 2025. Sales rose 5800.00% to Rs 0.59 crore in the quarter ended March 2026 as against Rs 0.01 crore during the previous quarter ended March 2025. For the full year,net loss reported to Rs 52.60 crore in the year ended March 2026 as against net loss of Rs 32.80 crore during the previous year ended March 2025. Sales declined 77.23% to Rs 0.87 crore in the year ended March 2026 as against Rs 3.82 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales0.590.01 5800 0.873.82 -77 OPM %-220.34-211900.00 --5150.57-1602.36 - PBDT-1.45-23.88 94 -59.71-70.99 16 PBT-8.22-27.06 70 -76.17-83.70 9 NP7.6214.45 -47 -52.60-32.80 -60 Powered by Capital Market - Live

Deccan Gold Mines will hold a meeting of the Board of Directors of the Company on 14 May 2026.

Deccan Gold Mines announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 21 May 2026.

The stock rallied after reports that the Jonnagiri Gold Project in Kurnool district in Andhra Pradesh is nearing commercial production, expected in early May 2026. The project, a Rs 400 crore private gold mining venture, marks a significant milestone as India's first large-scale private gold mine since Independence. The development is seen as a step towards reducing the country's heavy reliance on imported gold. India imports over 800 tonnes of gold annually, while domestic production remains limited. Hutti Gold Mines is currently the only major producer, with output of around 1.5 tonnes per year. The closure of Kolar Gold Fields in 2000 had further constrained domestic supply. Spread across nearly 598 hectares, the Jonnagiri mine is expected to have a life of over 15 years and produce up to 1,000 kg of gold annually. Certified resources stand at 13.1 tonnes, with potential to increase to 42.5 tonnes. The project is owned by Geomysore Services India, in which Deccan Gold Mines holds a minority stake of 27.67%. The stock has gained momentum in recent weeks, supported by improving project visibility and broader interest in the gold and critical minerals space. In a separate development, Deccan Gold Mines said its equity shares have been admitted for trading on the National Stock Exchange with effect from 20 April 2026. Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold. On a consolidated basis, Deccan Gold Mines reported net loss of Rs 18.92 crore in Q3 December 2025 as against net loss of Rs 21.04 crore in Q3 December 2024. Net sales declined 93.85% YoY to Rs 0.04 crore in Q3 December 2025.

Net Loss of Deccan Gold Mines reported to Rs 18.92 crore in the quarter ended December 2025 as against net loss of Rs 21.04 crore during the previous quarter ended December 2024. Sales declined 93.85% to Rs 0.04 crore in the quarter ended December 2025 as against Rs 0.65 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales0.040.65 -94 OPM %-25250.00-3461.54 - PBDT-16.33-22.50 27 PBT-19.58-25.70 24 NP-18.92-21.04 10 Powered by Capital Market - Live

Net Loss of Deccan Gold Mines reported to Rs 1.86 crore in the quarter ended December 2025 as against net loss of Rs 13.15 crore during the previous quarter ended December 2024. Sales rose 5266.67% to Rs 1.61 crore in the quarter ended December 2025 as against Rs 0.03 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1.610.03 5267 OPM %280.75-43433.33 - PBDT-1.73-13.03 87 PBT-1.86-13.15 86 NP-1.86-13.15 86 Powered by Capital Market - Live

Deccan Gold Mines will hold a meeting of the Board of Directors of the Company on 13 February 2026.Powered by Capital Market - Live

Deccan Gold Mines announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 20 February 2026.Powered by Capital Market - Live