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Deccan Gold seeks shareholder approval for convertible debentures, equity shares, and warrants
11-Aug-2026, 10:11
Deccan Gold is seeking shareholder approval for resolutions related to a preferential allotment of convertible debentures, equity shares, and warrants, a move signaling a significant capital raise. Managing Director Hanuma Modali and Director Jade Gemma Devenish have a vested interest in these resolutions. Shareholders will also vote on the appointment of Jade Gemma Devenish as an Additional Director, bringing extensive experience from the Deccan Gold group and Geomysore Services India Pvt Ltd. The company disclosed ongoing legal proceedings involving its subsidiary, Deccan Exploration Services Private Limited, related to mining lease applications before the Karnataka High Court. Deccan Gold and its directors are currently compliant with listing requirements and are not designated as wilful defaulters or fugitive economic offenders.
Deccan Gold is seeking shareholder approval for resolutions related to a preferential allotment of convertible debentures, equity shares, and warrants, a move signaling a significant capital raise. Managing Director Hanuma Modali and Director Jade Gemma Devenish have a vested interest in these resolutions. Shareholders will also vote on the appointment of Jade Gemma Devenish as an Additional Director, bringing extensive experience from the Deccan Gold group and Geomysore Services India Pvt Ltd. The company disclosed ongoing legal proceedings involving its subsidiary, Deccan Exploration Services Private Limited, related to mining lease applications before the Karnataka High Court. Deccan Gold and its directors are currently compliant with listing requirements and are not designated as wilful defaulters or fugitive economic offenders.