Deccan Gold Mines Ltd Share Price – NSE  / BSE

Mining & Mineral products, Small Cap

In 2015, the company's subsidiary Deccan Exploration Services had been granted the mining lease for the Ganajur gold project. The said project holds an estimated 3.08 lakh ounces of gold resources.

The Ganajur-Karajgi PL block comprises the highly rated Ganajur Main gold deposit and several satellite prospects such as Ganajur SE, Karajgi Main, Karajgi East, Ganajur South, Ganajur Central and Karajgi Hut, hosting gold materialisation in banded iron formations.

The Indian government made amendments to its mining laws (MMDR Act) back in 2015. This put many older mining applications into a legal deadlock. Deccan Gold Mines? subsidiary had applied for a lease before these changes took place.

In a regulatory filing made during market hours today, the company informed that the Supreme Court has announced its judgment in the Karantharu Virama Foundation vs State of Maharashtra matter.

The court has upheld that mining lease applicants whose lease approvals and requisite clearances were granted prior to the 2015 amendments to the Mines and Minerals (Development and Regulation) (MMDR) Act retain their vested and accrued rights, despite the subsequent introduction of auction-based allocation regime.

The court further clarified that such cases would not be treated as pending applications as of 2015 and would therefore not be subject to either the post-2015 auction regime or the lapse provisions introduced in 2021.

The company?s legal team is presently undertaking a detailed examination of the aforesaid judgment and its implications on the pending proceedings concerning the Ganajur project, the company said in a statement.

Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold.

The company had reported 47.27% fall in consolidated net profit to Rs 7.62 crore in the quarter ended March 2026 from Rs 14.45 crore during the previous quarter ended March 2025. Sales for Q4 FY26 were Rs 0.59 crore as against Rs 0.01 crore in Q4 FY25.

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The acquisition is expected to be completed progressively by March 2027.

Following completion of the earn-in, the company will have the option to increase its stake to 75% through an additional EUR 1.0 million investment, subject to milestone achievement and independent valuation.

LMSL holds the 37 square kilometres Logrosan project and the 40 square kilometres Maria project in Spain. The investment proceeds will be utilized for exploration and development of these mineral assets.

Under the shareholders' agreement, subsequent project funding will be undertaken on a pro-rata basis, with Deccan Gold's stake potentially increasing up to 95% through dilution of non-contributing shareholders, while the existing shareholder retains a minimum non-dilutable 5% interest.

Previous exploration work at Logrosan has identified targets for tungsten, gold, tin, rare earth elements, niobium and tantalum.

Earlier drilling programs intersected multiple zones of scheelite-bearing tungsten mineralization, while an ongoing drilling campaign is aimed at expanding and defining the identified mineralized zones.

The transaction remains subject to regulatory approvals in India, Spain and the UK.

Dr. Hanuma Prasad Modali, managing director, Deccan Gold Mines, said: The definitive agreement for Logrosan marks another important step in Deccan Gold?s strategy to build a globally diversified portfolio of gold and critical mineral assets.

Securing a pathway to operational control of a prospective tungsten project in Spain strengthens our exposure to a mineral that is increasingly critical to defence, advanced manufacturing, semiconductors, and industrial technologies.

Logrosan complements our growing portfolio across gold and critical minerals and reinforces our commitment to building a globally relevant mining platform positioned for the opportunities of the future.

Deccan Gold Mines is engaged in the business of extraction, processing & sale and exploration & development of mining assets mainly precious metals such as gold.

The company had reported 47.27% fall in consolidated net profit to Rs 7.62 crore in the quarter ended March 2026 from Rs 14.45 crore during the previous quarter ended March 2025. Sales for Q4 FY26 were Rs 0.59 crore as against Rs 0.01 crore in Q4 FY25.

The scrip fell 1.74% to currently trade at Rs 164.05 on the BSE.

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Net profit of Deccan Gold Mines declined 47.27% to Rs 7.62 crore in the quarter ended March 2026 as against Rs 14.45 crore during the previous quarter ended March 2025. Sales rose 5800.00% to Rs 0.59 crore in the quarter ended March 2026 as against Rs 0.01 crore during the previous quarter ended March 2025.

For the full year,net loss reported to Rs 52.60 crore in the year ended March 2026 as against net loss of Rs 32.80 crore during the previous year ended March 2025. Sales declined 77.23% to Rs 0.87 crore in the year ended March 2026 as against Rs 3.82 crore during the previous year ended March 2025.

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Deccan Gold Mines will hold a meeting of the Board of Directors of the Company on 14 May 2026.