Deccan Gold Mines Secures ₹20 Cr Debt Funding from Hira Ferro Alloys

Deccan Gold Mines Ltd has completed documentation for availing a debt funding of ₹20 Crore from Hira Ferro Alloys Limited. This funding will be primarily utilized for the completion and development of the Altyn Tor Gold Project in the Kyrgyz Republic, undertaken by its subsidiary Avelum Partner LLC. The loan has a tenure repayable by October 31, 2026, with an annual interest rate of 12%. Security for the loan includes a pledge of 2,50,000 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.