Deccan Gold Mines Limited announced a private placement to issue 1,574,864 Compulsorily Convertible Debentures at an issue price of INR 116.2 per debenture for the gross proceeds of INR 182,999,196.8, 3,442,340 Optionally Convertible Cumulative Redeemable Preference Shares at am issue price of INR 115.20 per preference share for the gross proceeds of INR 396,557,568 and 34,422 common shares at an issue price of INR 3,999,836.4; aggregate gross proceeds of INR 583,556,601.2 on April 11, 2024.

1,574,864 Compulsorily Convertible Debentures - The transaction will include paricipation from new investors U.K. Faaroook 860,585, Madhumathi Bafna 21,514, Rupal Najhawan 86,058, Shailabh Kumar Sahu 25,817, Vishal Garg 43,029, Bharti Yadav 43,029, Hastimal Premanand ji Jain  43,029, Sushiil Mehta  21,514, SG   Global   Enterprises / Rithu Jain  86,058, Raushnak Begum  43,029, Esha Srisrimal  21,514, Aashruth Rangarajan  43,029, lnfinitheism Siritual Foundation Private Limited  64,543, Sirish Kumar Bafna 43,029, Thiruvallar Thattai Rangarajan  86,058 and Kiran Magotra 43,029.

3,442,340 Optionally Convertible Cumulative Redeemable Preference Shares - The transaction will include participation from new investor U.K. Faaroook 3,442,340.

4,422 common shares - The transaction will include participation from new investors Fiza Qureshi  21,514 shares and Ina Dhariwal  2,908 shares. The transaction has been approved by the shareholders of the company and is subject to general shareholders which is to be held on May 08, 2024