Deccan Gold Mines Ltd — Important, 09-06-2026: Company Update

June 09, 2026

To,

Corporate Relations Department

BSE Limited

Phiroze Jeejeebhoy Tower,

Dalal Street, Mumbai - 400 001

Scrip Code: 512068

Sub: – Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)

Regulations, 2015 (“SEBI Listing Regulations”)- Acquisition of 51% Stake in LOGROSAN MINERA S.L.

SPAIN ("LOGROSAN")

Dear Sirs,

With reference to the captioned subject, we wish to inform that Deccan Gold Mines Limited (‘the

Company’), has entered into Definitive Agreement for acquisition of 51% Stake in LOGROSAN

MINERA S.L. SPAIN ("LOGROSAN").

The disclosures as required under Regulation 30 of SEBI Listing Regulations read with SEBI Master

Circular dated January 30, 2026 are given in Annexure A.

This is also being uploaded on the Company's website at https://deccangoldmines.com/

You are requested to take the same on record.

Thanking you.

For Deccan Gold Mines Limited

Subramaniam Sundaram

Company Secretary & Compliance Officer

----------------Page (0) Break----------------

Annexure A

Sr.

No.

Particulars Information of such events(s)

a)

Name of the target entity, details in

brief such as size, turnover etc.

Name : LOGROSAN MINERA S.L. SPAIN

("LOGROSAN")

The company has 2 granted exploration

licenses, namely Antonio and Mari covering a

total area of 7732.37 Ha, for tungsten, tin, REE

and gold exploration. Also, the company has

applied for an additional licence, Logrosan

North over 3072.09 Ha for gold.

The total paid-up share capital of the company

is 3,006.00 €

The Turnover of LOGROSAN as on Financial

Year 2023-2024 is Rs. Nil

The Net Worth of LOGROSAN as on Financial

Year 2023-2024 is Rs. (11,95,020)

b) Whether the acquisition would fall within related

party transaction(s) and whether the promoter/

promoter

group/ group companies have any interest in the

entity being acquired?

If yes, nature of interest and details thereof and

whether the same is done at “arms length”

The proposed acquisition does not fall within

the definition of ‘related party transaction’.

Further, none of the promoter / promoter /

group companies have any interest in the

entity being acquired.

c) Industry to which the entity being acquired

belongs

Critical Minerals exploration

d) Objects and effects of acquisition (including but

not limited to, disclosure of reasons for

acquisition of target entity, if its business is

outside the main line of business of the listed

entity

For collaboration in relation to the investment,

mineral exploration and potential

development of mining prospects in Spain.

e) Brief details of any governmental or regulatory

approvals required for the acquisition

The proposed acquisition will be subject to

applicable governmental / regulatory

approvals in the relevant jurisdictions i.e.,

India, Dubai

Spain & United Kingdom.

f) Indicative time period for completion of the

acquisition

March 2027

g) Nature of consideration -whether cash

consideration or share swap and details of the

same

Acquisition of stake in LOGROSAN MINERA S.L.

SPAIN, to be made by Deccan Gold and/or its

wholly owned subsidiary, DGFZCO by way

Cash Consideration

h) Cost of acquisition or the price at which the

shares are acquired

Euro 1.76 million for acquisition of 51% to be

made by Deccan Gold and/or its wholly owned

subsidiary, DGFZCO.

----------------Page (1) Break----------------

i) Percentage of shareholding / control acquired

and / or number of shares acquired 51% acquisition of Logrosan is expected to

be completed progressively by March

2027.

Upon completion of the earn‑in, Deccan Gold

will have the option to increase its stake from

51% to 75% through a further direct

investment, subject to an independent

valuation and achievement of agreed

milestones and upon payment of an

incremental consideration of EUR 1.0 million

to the existing shareholder of Logrosan

(Logrosan Minerals Limited, United Kingdom

"LMLUK").

j) Brief background about the entity acquired in

terms of products/line of business acquired, date

of incorporation, history of last 3 years turnover,

country in which the acquired entity has

presence and any other significant information

(in brief)

LOGROSAN is a Spain Company Incorporated

on 14/05/2015

LOGROSAN’s Projects lies within a highly

mineralised region of Spain known for

tungsten, tin, rare earth elements, and gold

occurrences. A drilling programme is currently

in progress and has intersected multiple veins

of scheelite (tungsten) mineralisation in

keeping with greenfield exploration by LMLUK

Country in which the acquired entity has

presence: Spain

Turnover of the Last 3 Years:

(Amount In Rs)

Year Turnover

2023-2024 Nil

2022-2023 Nil

2021-2022 (27000)

----------------Page (2) Break----------------