Deccan Gold Mines Ltd — Important, 16-06-2026: Company Update

Deccan Gold Mines clarified its timely disclosure of a Supreme Court order. The Supreme Court dismissed a Public Interest Litigation that challenged the grant of an iron ore mining lease to the company in Gadchiroli District. The court affirmed the company's preferential and vested rights to the lease, stating the application was effectively processed before 2015 rules requiring auctions. This decision validates the company's mining lease grant, positively impacting its operational prospects, though all necessary statutory approvals remain pending before mining operations can begin.