Deccan Gold Mines secures additional funding, reallocates existing loan

Deccan Gold Mines Limited has secured an additional debt funding of INR 40 crore from Godawari Power & Ispat Limited, increasing its total loan facility to INR 120 crore. The newly acquired funds will primarily be directed towards the erection and early commissioning of the Altyn Tor Gold Project in Kyrgyzstan, with the remainder for general corporate purposes. This latest funding builds on previous tranches of INR 50 crore and INR 30 crore availed in February and July 2025.

The company also reported a change in the utilization of the earlier INR 30 crore loan from Godawari. Due to project exigencies, up to 75% of these previously availed funds are now being utilized for investment in the Altyn Tor Gold Project, rather than their initial allocation. The remaining portion will serve general corporate needs.

The terms of the new funding include a tenure of 36 months, with an interest rate of 12% per annum, compounded monthly and payable quarterly. Security for the total INR 120 crore loan is provided through the pledge of 414,603 equity shares of Geomysore Services India Private Limited, held by Deccan Gold Mines.