Loan & Debt10 Jun 2026, 04:05 pm
Deccan Gold Mines Secures ₹2 Cr Loan from Modali Consultants LLP
AI Summary
Deccan Gold Mines Limited has completed documentation for a loan of ₹2 Crore from Modali Consultants LLP. The loan is intended for the development of the company's projects and has a tenure of 12 months with an interest rate of 12% per annum. The loan is secured by a pledge of 12,500 equity shares held by Deccan Gold Mines in Geomysore Services (India) Private Limited. The parties involved are not related, and the transaction is not considered a related party transaction.
Key Highlights
- Deccan Gold Mines secures ₹2 Crore loan facility.
- Loan purpose: Development of company projects.
- Loan tenure: 12 months at 12% annual interest.
- Security: Pledge of 12,500 shares in Geomysore Services.
- Transaction is at arm's length, not a related party deal.
Price Impact
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