Deccan Gold Mines Ltd

Deccan Gold Mines Seeks Approval to Redirect ₹314.7 Cr from Rights Issue 💼

• EGM scheduled for February 20, 2026, at 11:30 AM IST via video conferencing

• Special resolution to deviate from original use of Rights Issue proceeds totaling ₹314.70 crores

• Unutilized funds to be used to subscribe to rights issue of associate company Geomysore Services India Private Limited

• DGML holds a 26% stake in Geomysore

• Geomysore aims to raise approximately ₹200 crores at ₹250 per share

• DGML's participation intended to prevent dilution of its shareholding and support strategic interests

• Remote e-voting available from February 16 to February 19, 2026

• Board confirms deviation will not adversely affect ongoing projects and alternative funding options are being explored