Deccan Gold Mines Ltd

🏛️ Deccan Gold Mines Achieves Debt-Free Status & Strengthens Financial Position

- Successfully closed a ₹314.70 crore Rights Issue on December 26, 2025.

- Fully repaid all outstanding loans: ₹120 crore to Godawari Power & Ispat, ₹75 crore to Ardent Steels, and ₹8 crore to Hira Ferro Alloys, including accrued interest.

- Now debt-free, enhancing balance sheet strength and financial flexibility.

- Managing Director Dr. Hanuma Prasad Modali highlights this as a defining moment for accelerating exploration and production.

- Aims to establish a globally relevant Indian mining enterprise with key assets progressing toward production.