Deccan Gold Mines Ltd

AGM details

• AGM held on 29 September 2026 via VC/OAVM; no physical venue.

Dividend

• No dividend proposed or declared.

Ordinary resolutions

• Resolution 1: adoption of standalone and consolidated financial statements – approved.
• Resolution 2: director Dinesh Kumar Gandhi re-appointment on rotation – approved.
• Resolution 3: approval of material RPT with subsidiary – approved.
• Resolution 4: approval of material RPT with associate – approved.
• Resolution 5: RPT between Deccan Gold FZCO and Mozambique subsidiary – approved.
• Resolution 6: RPT between Deccan Gold FZCO and another subsidiary – approved.
• Resolution 7: RPT with Logrosan Minera S.L., Spain – approved.

Special resolution

• Resolution 8: re-appointment of Pandarinathan Elango as Non-Executive Independent Director for five years – approved.

Directors / appointments

• Dinesh Kumar Gandhi retires by rotation; re-appointment approved.
• Pandarinathan Elango appointed as Non-Executive Independent Director for five years.

Auditors

• No auditor appointments or changes disclosed.

Related party transactions (RPTs) overview

• RPTs with subsidiary and associates approved; values not disclosed.

Other material approvals

• No other material approvals noted.

AGM presentation and results

• AGM presentation released for 42nd AGM held Sep 29, 2026 via VC/OAVM.
• Q1 FY27 standalone profit ₹63.5 Mn; Jonnagiri doré production 89.7 kg.
• Jonnagiri and Altyn Tor in production.
• Expansion targets: resources to 40+ tonnes Au; production to 700 kg p.a.; >1 tonne p.a. by 2029.

Global project milestones

• Altyn Tor, Kyrgyzstan: first dore produced on Aug 5, 2026; plant inaugurated Sep 12, 2026.
• Finland: Kuikka ~1 t Au inventory (>5 g/t); Pahkalampi nearby; 1000–1500 m drilling planned.
• Spain: Dehesa tungsten-tin target; stake to 51%; drilling ongoing.
• Mozambique: Li/Ta licenses ~150 sq km; 1500–2000 m drilling planned; 200 tpd plant by end-2027.
• Tanzania: on hold to focus on higher-potential exploration assets.

Regulatory / litigation status

• Ganajur project: Writ petition pending; linked to Indocil case; pursuing legal remedies.

AGM Details

• AGM held Sept 29, 2026 via VC/OAVM, 11:30–12:46 IST.
• Remote e-voting open Sept 25–28, 2026; on-site voting provided at AGM.
• Chairman presided; directors and committee chairs attended.

Key Resolutions

• Adopt audited financial statements for FY2026 (consolidated included).
• Re-appoint director retiring by rotation.
• Approve material RPT with subsidiary.
• Approve material RPT with associate company.
• Approve material RPT between wholly owned subsidiary and its subsidiary.
• Second RPT with wholly owned subsidiary and its subsidiary approved.
• Approve material RPT with Logrosan Minera S.L., Spain.
• Re-appointment of Pandarinathan Elango as Non-Executive Independent Director.

Voting Status

• Voting results to be communicated to stock exchanges within two working days of AGM.

Director Changes

• Re-appointment of director retiring by rotation.
• Re-appointment of Pandarinathan Elango as Non-Executive Independent Director.

Material Related Party Transactions

• RPT with subsidiary company approved.
• RPT with associate company approved.
• RPT between wholly owned subsidiary and its subsidiary approved.
• RPT with Logrosan Minera S.L., Spain approved.

Deccan Gold Mines Ltd: Trading window closed from October 01, 2026 until 48 hours after the declaration of Un-Audited Financial Results for the quarter and half-year ended September 30, 2026

AGM details

• AGM date/time/mode: Sep 29, 2026 at 11:30 AM IST via VC/OAVM.
• Item 3 corrected from Special to Ordinary Resolution for related party transactions.
• Clarification: Item 3 is an Ordinary Resolution.
• Corrigendum forms part of AGM notice; no other content changed.

Milestone

• Altyn Tor Gold Project inaugurated by Kyrgyz President, marking production milestone.
• First Indian project overseas to reach production.
• First gold doré produced at Altyn Tor in August.
• Expansion into gold and critical minerals across India and abroad.
• Focused on full-scale production with leach circuit, tailings facility.
• Strategic diversification into nickel-copper-PGE, tungsten, tin, lithium, tantalum.

Event details

• Inauguration of Altyn Tor gold processing plant on 12 September 2026.
• President of Kyrgyz Republic to inaugurate via online ceremony.
• Senior DGML management and Avelum Partner LLC to attend at site.
• Hon'ble Ambassador of India to Kyrgyz Republic to attend.
• Live webcast arranged for stakeholders; subject to connectivity.
• Altyn Tor marks production-stage milestone; first Indian investor to reach production.
• No financial figures disclosed in this update.
• DGML to keep exchange informed of further material developments.

Key AGM and reporting details

• 42nd AGM on Sep 29, 2026 at 11:30 IST via VC/OAVM.
• Integrated Annual Report 2025-26 available online; web-link provided.
• Notice to members without registered emails includes annual report web-link.
• SEBI circular requires KYC updation for physical holders; PAN, contact details, and nomination updates advised.
• Electronic payments to physical holders allowed only after KYC updation, per SEBI guidance.
• Investor relations contact: email and helpdesk portal for queries.