Mining & minerals company secures Rs 30 crore debt for equity acquisition and Kyrgyzstan gold project development from Godawari Power & Ispat Ltd
DSIJ Intelligence-1 / 04 Jul 2025/ Categories: Multibaggers, Trending
The stock gave multibagger returns of 520 per cent in just 3 year and a whopping 910 per cent in 5 years.
Deccan Gold Mines Limited (DGML) has secured an additional Debt Funding of Rs 30 crore from Godawari Power & Ispat Limited. This financing, formalised through an agreement on July 3, 2025, brings DGML's total loan amount from Godawari Power & Ispat Limited to Rs 80 crore. The purpose of this new funding is twofold: Rs 15 crore will be invested to acquire 93,750 equity shares in Geomysore Services (India) Private Limited at an issue price of Rs 1600 per share, and the remaining Rs 15 crore will be utilized for the development of DGML's Altyn Tor Gold Project in Kyrgyzstan, as well as for general corporate purposes.
The terms of this new debt funding include a tenure of 36 months and an interest rate of 12 per cent per annum, compounded monthly and payable quarterly. As security for the loan, DGML will pledge the 93,750 new equity shares to be allotted in Geomysore Services (India) Private Limited, valued at approximately Rs 15 crore. This is in addition to the existing security of 508,353 equity shares of Geomysore Services (India) Private Limited that were previously pledged for the original Rs 50 crore loan. Neither party involved in this agreement is related to the promoter, promoter group, or group companies, and the transaction does not fall under related party transactions.
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About the Company
Deccan Gold Mines Limited (DGML), founded in 2003 by Australian mining and exploration veterans, has consistently focused on gold exploration in India. Along with its wholly-owned subsidiary, Deccan Exploration Services Private Limited (DESPL), DGML employs modern methods and cutting-edge technology in all its exploration endeavours. Following a change in management in October 2021, the company has actively pursued the expansion of its portfolio both within India and internationally.
DGML has a market cap of over Rs 2,300 crore. The stock gave multibagger returns of 520 per cent in just 3 year and a whopping 910 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.