Deccan Gold Approves ₹1370+ Million Growth Capital for Expansion

Deccan Gold Mines Ltd reported strong operational momentum in Q1 FY27, with a significant turnaround in standalone net profit to ₹11.52 Mn from a loss of ₹155.90 Mn last year. The company's share of profit from associates rose to ₹66.44 Mn, driven by increased production at Geomysore. The Altyn Tor Gold Project in the Kyrgyz Republic has entered its production phase, expected to boost revenues from Q2 FY27. The Board has approved a growth capital raise of over ₹1370 million through a mix of CCDs, equity shares, and warrants, subject to approvals, to fund exploration, project development, and expansion. The Board also welcomed Ms. Jade Gemma Devenish and appointed Mr. Pandarinathan Elango as Chairperson.