Please refer the attached letter.
DECNGOLD · price
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Deccan Gold Mines Ltd has completed documentation to avail a loan of Rs. 2 Crore from Modali Consultants LLP for the development of its project. The loan carries an interest rate of 12% per annum and has a tenure of 12 months. The loan is secured by a pledge of 12,500 equity shares held by the company in Geomysore Services (India) Private Limited. The transaction is not a related party transaction, and no special rights (such as board appointment or share subscription rights) have been granted to the lender.
This is a modest, secured borrowing for project development at a market-standard interest rate. It is not material enough to materially alter the company's capital structure, but signals ongoing funding activity to support project execution. Shareholders should note the pledge of shares in a subsidiary as collateral.