Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2026
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Deccan Gold Mines reported FY2026 standalone net loss of Rs 13.28 crore and consolidated net loss of Rs 76.17 crore, with minimal operating revenue of Rs 1.61 crore (standalone) and Rs 5.38 crore (consolidated) as the company remains in gold exploration phase. The auditors issued an unmodified opinion but included an Emphasis of Matter regarding Rs 190.16 crore in unsecured inter-company loans extended to subsidiary Avelum Partner LLC, Kyrgyzstan, at 15% interest per annum, with repayment tied to commencement of commercial gold production. Operating cash flows remained deeply negative at Rs 32.52 crore (standalone) and Rs 52.33 crore (consolidated). The company completed a rights issue raising Rs 314.70 crore during the year, using Rs 203 crore to repay inter-corporate deposits and Rs 31.50 crore for project development at the Altyn Tor Gold Mine.
The company continues to burn cash with no meaningful revenue from operations. The large related-party loan to Avelum Partner LLC is a key risk factor highlighted by auditors, though the opinion remains unmodified. Shareholders should monitor progress on the Altyn Tor gold project as commercial production timelines directly impact loan recoverability.