Deccan Gold is debt-free after successful Rs 314.70 crore Rights issue
The company is now working with the Hira Group to complete procedural formalities
image for illustrative purpose
Vijayawada: Deccan Gold Mines Ltd. (Deccan Gold), one of India’s first and only listed gold and critical minerals exploration and mining company, on Monday announced that it has fully repaid all outstanding loans along with accrued interest following the successful closure of its Rs314.70 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: Rs75 crore-Ardent Steels Private Limited, Rs120 crore-Godavari Power & Ispat Limited and
Rs8 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.
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 and 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.
