Loan & Debt23 Jun 2026, 05:30 pm
Deccan Gold Mines Secures ₹3 Cr Loan from Modali Consultants LLP
AI Summary
Deccan Gold Mines Ltd has completed documentation for a loan of ₹3 Crore from Modali Consultants LLP. The loan is intended for the development of the company's projects. The agreement has a tenure of 12 months with an interest rate of 12% per annum, compounded quarterly. The loan is secured by a pledge of 18,750 equity shares held by Deccan Gold Mines in Geomysore Services (India) Private Limited. The company has provided detailed disclosures as required by SEBI regulations.
Key Highlights
- Deccan Gold Mines secures ₹3 Crore debt funding.
- Loan from Modali Consultants LLP for project development.
- Interest rate is 12% per annum, tenure is 12 months.
- Secured by pledge of shares in Geomysore Services.
- Transaction is not with a related party.
Price Impact
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