Deccan Gold Mines Secures Rs 20 Crore Debt Funding from Hira Infra Tek Limited
Deccan Gold Mines Limited has finalized a debt funding agreement amounting to Rs 20 Crores from Hira Infra Tek Limited, Chhattisgarh. The transaction is intended primarily for financing the completion and development of the Altyn Tor Gold Project.The loan agreement, executed on July 01, 2026, involves Deccan Gold Mines Limited acting as the Borrower and Hira Infra Tek Limited serving as the Lender. The funds are designated to support Avelum Partner LLC, a subsidiary of Deccan Gold, in its operations within the Kyrgyz Republic.
Key terms specified in the agreement include a tenure of six months and an interest rate set at 12% per annum, calculated on a quarterly compounding basis, with payments due no later than seven days before the end of each respective quarter.
The loan is secured by a pledge of 2,50,000 equity shares held by Deccan Gold Mines Limited in Geomysore Services (India) Private Limited. The agreement confirmed that there was no conflict regarding related party transactions and that neither company holds any shareholding in the other entity.
A summary of the debt financing transaction is provided below:
| Particulars | Details |
|---|---|
| Borrower | Deccan Gold Mines Limited |
| Lender | Hira Infra Tek Limited |
| Purpose | Financing the Altyn Tor Gold Project development |
| Amount | Rs 20 Crores |
| Tenure | Six months |
| Interest Rate | 12% per annum (quarterly compounding) |
| Security | Pledge of 2,50,000 equity shares in Geomysore Services (India) Private Limited |
DECNGOLD Stock Price Movement
Shares of Deccan Gold Mines Limited slipped today by 4.65% to settle at ₹188.91 after trading in the post-market session. The stock closed amidst a traded volume amounting to 2.47 million shares as participants reflected weakness in the precious metals sector.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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