We wish to inform that Deccan Gold Mines Limited "The Company" has incorporated a wholly Owned subsidiary viz. NOVADHATU MINERALS PRIVATE LIMITED (CIN: U07299CT2025PTC019014) to focus exclusively ....
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Deccan Gold Mines has set up a new wholly owned subsidiary called Novadhatu Minerals Private Limited, which received its Certificate of Incorporation on October 27, 2025. The new entity will focus exclusively on critical minerals in India, particularly Nickel and Platinum Group of Elements (Platinum, Palladium, Rhodium, etc.), covering exploration, mining, processing, and trading. The subsidiary has an authorised share capital of just Rs. 10 lakh, is newly incorporated with no turnover, and was funded entirely by the parent company through a cash subscription at face value for 100% equity. This is a forward integration move by Deccan Gold to position itself in India's critical minerals sector, which is gaining strategic importance for energy transition and defence needs.
For shareholders, this signals management's intent to expand into strategically important minerals like Nickel and PGEs, potentially opening new revenue streams aligned with India's critical minerals push. However, the small capital base (Rs. 10 lakh) suggests this is an early-stage move with no immediate impact on financials; long-term value depends on actual project execution and discoveries.