Deccan Gold Mines Ltd

Deccan Gold Mines Limited announced the allotment of 22,69,000 equity shares with a face value of Rs 1 each, pursuant to its stock incentive plan, 2024, increasing the company's paid-up equity share capital from Rs 19,87,01,715 consisting of 19,87,01,715 shares to Rs 20,09,70,715 consisting of 20,09,70,715 shares. The allotment, approved by the company’s Nomination & Remuneration Committee on August 20, 2026, involved the exercise of stock options and resulted in the realization of Rs 4,53,80,000 from the exercise of 22,69,000 options.

Deccan Gold is seeking shareholder approval for resolutions related to a preferential allotment of convertible debentures, equity shares, and warrants, a move signaling a significant capital raise. Managing Director Hanuma Modali and Director Jade Gemma Devenish have a vested interest in these resolutions. Shareholders will also vote on the appointment of Jade Gemma Devenish as an Additional Director, bringing extensive experience from the Deccan Gold group and Geomysore Services India Pvt Ltd. The company disclosed ongoing legal proceedings involving its subsidiary, Deccan Exploration Services Private Limited, related to mining lease applications before the Karnataka High Court. Deccan Gold and its directors are currently compliant with listing requirements and are not designated as wilful defaulters or fugitive economic offenders.

Deccan Gold Mines Limited announced that Deepthi Donkeshwar completed her term as an Independent Director on August 8, 2026, and consequently ceased to hold that position, as disclosed under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Deccan Gold Mines Limited announced that Kailasam Sundaram, Independent Director & Chairperson, completed his second consecutive term as an Independent Director on August 7, 2026, and consequently ceased to be an Independent Director of the company.

A group of non-promoter investors will receive 59,26,196 equity warrants and an unspecified number of equity shares through a preferential allotment. The warrants, each convertible into one equity share, carry an exercise price of Rs. 191.90, with 25% of the consideration paid upfront and the remaining 75% due upon exercise. Warrants expire 18 months from the date of allotment, forfeiting the initial payment. The allotment price for the equity shares is also Rs. 191.90. The company will adjust the number of shares issued upon warrant and convertible debenture conversion for any corporate actions occurring before conversion, and post-allotment shareholding details have been disclosed based on a fully diluted basis.

Deccan Gold Mines Limited announced the appointment of Ms. Jade Gemma Devenish (DIN: 02647675) as a Non-Executive Non-Independent Director, effective August 07, 2026, with the approval of shareholders required to regularize the appointment. Ms. Devenish previously served as Managing Director of Geomysore Services India Pvt Ltd (GMSI) from 2014 to 2023, following a period as a Director since 2009, and is not related to any existing directors, nor is she debarred from holding the office of Director.

Deccan Gold Mines Limited (BSE: 512068) announced the successful production of its first gold doré at the Altyn Tor Gold Project in Kyrgyzstan, marking a significant milestone as the company transitions from an explorer to a gold producer and validating the project's integrated processing capability ahead of commercial production. The production, achieved through the project's Intensive Leach System (ILS), confirms the metallurgical leachability of the ore and demonstrates that high gold recovery rates can be replicated in a production environment, de-risking the processing flowsheet and providing a foundation for full-scale commercial production.

Deccan Gold Mines Limited (BSE: 512068) announced encouraging drill results from the Logrosan Tungsten Project in Spain, with every completed drill hole intersecting potentially economic tungsten or tungsten-tin mineralisation at the Dehesa target, reinforcing the district-scale potential of the Logrosan Project and strengthening the company's strategy of building a globally diversified critical minerals portfolio; highlights include 1.21% WO3 at 535 metres and 0.88% WO3 at 470 metres, with the widest mineralised interval returning 7.5 metres grading 0.29% WO3.

The board of Deccan Gold Mines will meet on 07 August 2026 to approve proposal for raising funds by way of issue of one or more instruments including equity shares, optionally or compulsorily convertible securities, convertible warrants through preferential issue/ private placement subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the company.

Deccan Gold Mines Limited will hold a board meeting on Friday, August 7, 2026, to consider and approve the unaudited financial results (standalone & consolidated) for the quarter ended June 30, 2026, and to consider a proposal for raising funds through the issue of instruments including Equity Shares, optionally or compulsorily Convertible Securities, Convertible Warrants through Preferential Issue/Private Placement, subject to regulatory approvals. The trading window for designated and connected persons of Deccan Gold Mines Limited was closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the unaudited financial results.