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DECNGOLD · price
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Deccan Gold Mines has completed documentation for a Rs. 40 Crore debt facility from Godawari Power & Ispat Limited, Chhattisgarh, signed on June 5, 2026. The loan carries a 12% per annum interest rate on a quarterly compounding basis, with a 12-month tenure. Funds will primarily finance the completion and development of the Altyn Tor Gold Project in the Kyrgyz Republic, undertaken by its subsidiary Avelum Partner LLC, along with working capital and general administrative needs. The loan is secured by a pledge of 5 lakh equity shares held by Deccan Gold in Geomysore Services (India) Private Limited. The lender is not related to the promoters, and no special rights such as board seats or restrictions on capital structure are involved.
This new Rs. 40 Crore facility strengthens Deccan Gold's balance sheet to fund its overseas gold project expansion, which is a positive operational signal, but the 12-month short tenure and share-pledge security suggest the funding is a bridge arrangement. Shareholders should note the increased debt obligation and the pledge of subsidiary equity as collateral.