Deccan Gold Mines Ltd — Important, 14-05-2026: Company Update

Deccan Gold Mines' monitoring report confirms the utilization of its Rs. 314.70 Cr Rights Issue proceeds. The company utilized Rs. 52.69 Cr from unutilized funds, originally earmarked for a subsidiary and strategic acquisitions, to subscribe to the rights issue of its associate, Geomysore Services India Private Limited. This strategic shift was approved by shareholders through a special resolution. Most of the Rights Issue funds have now been deployed as per the original and re-allocated objects, with a minor balance of Rs. 0.06 Cr remaining unutilized. This update assures investors on capital deployment.