Hyderabad, January 5, 2026: Deccan Gold Mines Ltd. (Deccan Gold), one of India’s first and only listed gold and critical minerals exploration and mining company, today announced that it has fully repaid all outstanding loans along with accrued interest following the successful closure of its ₹314.70 crore Rights Issue on December 26, 2025.
With this repayment, the Company has now become fully debt-free, marking a major milestone in its journey toward financial resilience, operational scalability, and long-term value creation.
The company stated that the repayments were made to the following lenders as below:
- ₹75 crore – Ardent Steels Private Limited
- ₹120 crore – Godavari Power & Ispat Limited
- ₹8 crore – Hira Ferro Alloys Limited
The Accrued interest amounts up to January 2, 2026, have also been fully settled. The Company is now working with the Hira Group to complete procedural formalities, including filing satisfaction of charge and release of pledged shares of Geomysore Services (India) Pvt. Ltd. .
Strengthened financial position to support future growth.
Deccan Gold stated that the loan repayment is expected to:
- Strengthen the balance sheet and improve capital efficiency.
- Enhance financial flexibility for project execution and expansion.
- Reinforce investor confidence and long-term value creation.
The development comes at a time when the Company is advancing production-stage assets and progressing multiple projects into drilling and resource-development phases across gold and critical minerals.
Commenting on the milestone, Dr. Hanuma Prasad Modali, Managing Director, Deccan Gold Mines Ltd., said, “Becoming debt-free marks a strategic inflection point for Deccan Gold Mines. It strengthens our financial foundation and gives us the freedom to think and invest with a longer-term horizon – accelerating exploration, production scale-up, and portfolio expansion across gold and critical minerals. This milestone is not only about balance-sheet strength, but about shaping the future of a modern, globally credible Indian mining enterprise.”
“As our projects transition into the production lifecycle, we remain focused on building assets that reflect responsible mining, technology-driven execution, and sustainable value creation for all stakeholders. We are deeply grateful to our partners and investors for their confidence, and we are committed to advancing a growth pipeline that contributes meaningfully to India’s evolving minerals and resources ecosystem – both at home and overseas, ” added Dr.Hanuma
