Deccan Gold Mines Secures ₹20 Cr Debt Funding from Hira Infra Tek

Deccan Gold Mines Ltd has completed documentation for a debt funding of ₹20 Crore from Hira Infra Tek Limited. The funds will be utilized primarily for financing 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 of six months with an interest rate of 12% per annum, compounded quarterly. 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 agreement is not with a related party and is considered an arm's length transaction.