Godawari Power And Ispat limited — Important, 03-07-2025: Agreements

Godawari Power & Ispat Limited has announced a board meeting on July 12, 2025, to consider the financial results for the quarter and half-year. The company has granted an additional inter-corporate loan of Rs. 30 Cr to Deccan Gold Mines Limited. The loan is for 36 months at 12% p.a. interest, with monthly compounding and quarterly payouts. The funds will be used by DGML to invest Rs. 15 Cr in acquiring shares of Geomysore Services (India) Pvt Ltd and Rs. 15 Cr for developing its Altyn Tor Gold Project in Kyrgyzstan along with general corporate purposes. Security includes pledging equity shares of Geomysore Services.