Deccan Gold Mines to seek approval for related-party transactions
Deccan Gold Mines Limited (BSE: DECNGOLD) has announced an Extra-Ordinary General Meeting (EGM) to be held on March 26, 2025, via video conferencing. Shareholders will vote on a resolution to approve material related party transactions (RPTs) between Deccan Gold Mines and its subsidiary and associate companies. The transactions involve the transfer of resources, services, and obligations, including loans. Specifically, the company is seeking approval for RPTs up to INR 100 crore with Avelum Partner LLC, up to INR 50 crore with Geomysore Services (India) Private Limited, and up to INR 25 crore with Kalevala Gold Oy. The company’s Board and Audit Committee have already approved the proposal. The notice of the EGM and explanatory statements are available on the company's website and the BSE website.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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