DECCAN GOLD MINES LTD.

Deccan Gold Mines Limited has announced an Extra-Ordinary General Meeting (EGM) to be held on September 02, 2026, via Video Conferencing. The primary agenda is to consider and approve the offer and issue of up to 8,57,216 Compulsorily Convertible Debentures (CCDs) at face value, aggregating to ₹1,645.00 lakhs. These CCDs will be convertible into equity shares on a preferential basis through private placement for cash consideration. The proposed allottees are Pooja Unichem LLP, Rupal Mukesh Dedhia, Sita Reddy S, and Alpa Karkhanis. The meeting will also cover e-voting instructions, and the notice is available on the company's and BSE's websites.

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.

Deccan Gold Mines Limited has issued a clarification regarding its financial performance for Q1 FY27 (ended June 30, 2026), addressing shareholder queries comparing it to Q4 FY26 (ended March 31, 2026). The company highlighted an improved performance of its associate companies, Geomysore Services (India) Private Limited and Kalevala Gold Oy, Finland, which contributed ₹66.44 million in profit. Year-on-year, standalone total income surged by 266% to ₹114.36 million, with a turnaround from a net loss of ₹155.90 million to a profit of ₹11.52 million. Consolidated total income grew 56% to ₹6.02 million, with a loss that narrowed by 69% to ₹87.26 million. The company explained that sequential quarter-on-quarter declines in profitability were due to foreign exchange losses, higher finance costs, increased project expenditure, and administrative expenses. It also clarified the difference between standalone and consolidated revenue, attributing it to the elimination of inter-company income on consolidation.

Deccan Gold Mines Limited's Board of Directors has approved a preferential issue of securities, including Compulsorily Convertible Debentures (CCDs), Equity Shares, and Equity Warrants, to non-promoter entities. The total issue aggregates up to ₹16,44,99,750 via CCDs, ₹7,49,99,701 via Equity Shares, and ₹1,13,72,37,012 via Equity Warrants. The issue price for all securities is fixed at ₹191.90. The CCDs and Equity Warrants are convertible into equity shares within 18 months. Shareholder approval and regulatory clearances are pending. An Extra-Ordinary General Meeting (EGM) is scheduled for September 02, 2026, to seek shareholder consent.

Deccan Gold Mines Limited's Board of Directors has approved a preferential issue of securities, including Compulsorily Convertible Debentures (CCDs), Equity Shares, and Equity Warrants, to non-promoter entities. The total issue aggregates up to ₹255.01 crore. The CCDs and Equity Warrants are convertible into equity shares within 18 months. The company also announced an Extra-Ordinary General Meeting (EGM) on September 2, 2026, to seek shareholder approval for these issuances. The issue price for all securities is fixed at ₹191.90 per unit.

Deccan Gold Mines Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Infomerics Valuation and Rating Limited, pertains to the utilization of funds raised through a Rights Issue of equity shares amounting to ₹314.70 crore. The company has confirmed no deviation from the objects for which the funds were raised. This report is in compliance with SEBI regulations.

Deccan Gold Mines Ltd has appointed Ms. Jade Gemma Devenish (DIN: 02647675) as a Non-Executive Non-Independent Director. The appointment was approved at a Board of Directors meeting held on August 07, 2026, and is effective from the same date. Ms. Devenish, who has extensive experience in the mining sector, including leading the Jonnagiri Gold Project, will be liable to retire by rotation. She is not related to any existing directors and is not debarred from holding a directorship.

Deccan Gold Mines Ltd announced a significant change in its board leadership and committee structure. Mr. Pandarinathan Elango, an Independent Director, has been appointed as the Chairperson of the Board of Directors, effective August 8, 2026. Concurrently, the company's Board of Directors approved the reconstitution of key committees, including the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee, also effective from August 8, 2026. The filing details the new composition of these committees, outlining the roles of various directors.

Deccan Gold Mines Ltd announced its un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board of Directors also approved the appointment of Ms. Jade Gemma Devenish as a Director. Additionally, the company approved the preferential issuance of Compulsorily Convertible Debentures (CCDs), Equity Shares, and Equity Warrants to non-promoter entities, subject to shareholder and regulatory approvals. An Extra-Ordinary General Meeting (EGM) has been convened for September 02, 2026, to seek shareholder approval for these issuances.

Deccan Gold Mines' consolidated (primary) numbers for Q1 FY27 show a net loss of ₹8.73 Cr, versus a ₹28.13 Cr loss in the year-ago quarter and a swing from a ₹5.74 Cr profit in Q4 FY26. Net sales from operations were ₹0.18 Cr, down 6.8% YoY and down 69.9% sequentially (Q4 FY26 had been lifted by a large other-operating-income item); total income from operations (including that operating income line) was ₹0.60 Cr. The YoY narrowing in the loss is not revenue-led: total consolidated expenses nearly halved to ₹15.97 Cr from ₹31.37 Cr a year ago, driven mainly by employee benefits expense falling to ₹40.01 Cr from ₹175.44 Cr and finance cost falling to ₹6.14 Cr from ₹36.45 Cr, while other expenses rose to ₹66.04 Cr from ₹51.49 Cr. At the standalone (parent-only) level the company was profitable — PAT of ₹1.15 Cr on total income of ₹11.44 Cr, EPS ₹0.06 — reflecting other operating/other income booked at the parent, a materially different picture from the consolidated loss. There is no analyst/street consensus available for this micro-cap exploration name, so vs-street cannot be assessed, and no management press release accompanied this filing — only the board-outcome letter, which covers corporate actions rather than results commentary. Against the FY2027 guidance given on the Q4 FY26 call (₹900 Cr revenue and 75% EBITDA margin from Jonnagiri, ₹300 Cr revenue and 30-35% PAT margin from Kyrgyzstan), this quarter is too early to judge: the first physical gold doré at the Kyrgyzstan Altyn Tor project was produced only on August 6, 2026 — after the June 30 quarter-end — so none of that ramp shows up in these numbers yet. Two other quarter-end items stand out: the auditors' Emphasis of Matter flags a ₹224.81 Cr unsecured inter-company loan to Kyrgyzstan subsidiary Avelum Partner LLC (plus ₹30.96 Cr accrued interest at 15% p.a.), with recovery contingent on Avelum reaching commercial production; and the board approved a preferential issue of CCDs, equity shares and warrants aggregating roughly ₹137.7 Cr to non-promoter investors at ₹191.90 per share/unit, pending EGM approval on September 2, 2026 — a funding round that will dilute the current ~19.87 Cr-share base once converted.