Deccan Gold Mines Issues Clarification on Jonnagiri Gold Project and Shareholding
Deccan Gold Mines Ltd has issued a clarification regarding a news item published in The Economic Times on April 20, 2026. The article highlighted the anticipated commencement of commercial production at the Jonnagiri Gold Project, emphasizing its importance as India's first private sector gold mining venture, and discussed related market commentary and investor sentiment.In the clarification, the company addressed the details of its involvement with the project and its equity structure.
Deccan Gold Mines Limited currently holds a 26% equity shareholding in Geomysore Services (India) Private Limited. Geomysore is the company responsible for developing the Jonnagiri Gold Project located in Andhra Pradesh.
According to the company, Deccan Gold's shareholding in Geomysore and its association with the Jonnagiri Gold Project have been disclosed to the Stock Exchange previously, including recent disclosures related to the company exercising its rights entitlement and maintaining its 26% stake.
The stake was initially acquired by Deccan Gold during March 2023 through a share swap transaction. The company confirmed that all relevant disclosures regarding this acquisition were made to the Stock Exchange at the time, and stated that there are no new or ongoing negotiations or discussions concerning the stake.
Regarding the observed movement in the equity shares' trading price or volume on April 20, 2026, Deccan Gold confirmed that it is not aware of any material information or event that has not already been announced to the Stock Exchanges that could explain this movement.
Furthermore, the company reported that there are no regulatory or legal proceedings initiated, pending, or concluded that require disclosure.
DECNGOLD Stock Price Movement
As of 9:57 AM, Deccan Gold Mines Limited shares are edging higher to ₹121.05 in live trading, rallying 0.71% with a gain of ₹0.85. The equity is seeing robust activity, trading on a volume of 231,564 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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