Deccan Gold Mines incorporates subsidiary for critical mineral projects

Deccan Gold Mines Limited (DGML) has incorporated a new wholly owned subsidiary, Novadhatu Minerals Private Limited, effective October 27, 2025. This new entity is established to exclusively pursue critical mineral projects within India. The Ministry of Corporate Affairs issued the certificate of incorporation on the same date.

Novadhatu Minerals Private Limited has an authorised share capital of 10 lakh. DGML has fully subscribed to the entire equity share capital in cash at face value, acquiring 100% control.

The subsidiary will primarily engage in mining activities, specifically the exploration, prospecting, development, mining, and processing of Nickel and Platinum Group of Elements (PGEs) in India and abroad. Its objectives include establishing and maintaining mines, processing plants, and smelters, as well as undertaking research and development in mineral exploration and resource optimization.