365telugu.com online news,Hyderabad, January 5, 2026: Deccan Gold Mines Ltd. (Deccan Gold), a pioneer in India’s listed gold and critical minerals exploration sector, has officially achieved debt-free status. This significant financial recovery follows the successful completion of the company’s ₹314.70 crore Rights Issue, which concluded on December 26, 2025.
The company confirmed that it has fully settled all outstanding loans and accrued interest as of January 2, 2026. This move marks a strategic shift toward financial stability and prepares the firm for its next phase of high-growth operations.
Major Debt Settlements
The capital raised was utilized to clear liabilities with several key lenders, including:
₹120 Crore: Paid to Godavari Power & Ispat Limited.
₹75 Crore: Paid to Ardent Steels Private Limited.
₹8 Crore: Paid to Hira Ferro Alloys Limited.
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The company is currently finalizing the necessary legal formalities, including the release of pledged shares of Geomysore Services (India) Pvt. Ltd. and filing for the satisfaction of charges.
Strategic Advantages of Becoming Debt-Free
According to the company’s statement, the elimination of debt is set to:
Bolster the Balance Sheet: Significantly improving capital efficiency.
Boost Project Scalability: Providing the financial flexibility needed to advance gold and critical mineral drilling projects.
Enhance Investor Trust: Demonstrating long-term value and fiscal discipline.
Leadership Insights
Dr. Hanuma Prasad Modali, Managing Director of Deccan Gold Mines Ltd., described the milestone as a “strategic inflection point.” He stated, “Being debt-free gives us the independence to invest with a long-term horizon. We are now focused on accelerating production and expanding our portfolio in India and overseas.”
ఇదీ చదవండి :2025లో భారతీయులు గూగుల్లో ఎక్కువగా వెతికిన ఆరోగ్య సందేహాలివే..!
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He further added that as the company transitions into the production phase, it remains committed to technology-driven execution and sustainable mining practices that contribute to India’s evolving mineral ecosystem.