Deccan Gold Mines FY26 loss narrows, FY27 targets set

Share and disclosure context

Deccan Gold Mines Ltd has been in focus after a series of corporate disclosures covering audited results, an Extra-Ordinary General Meeting (EGM) vote, and upcoming Board agenda items. The company informed BSE that a Board meeting was scheduled for 14 May 2026 to consider matters including results. Separately, it later communicated the outcome of the Board meeting held on the same date, conducted via video conferencing.

Market participants also tracked price moves around these updates. The stock was reported to have moved up 7.87% from its previous close of Rs 165.80, with a last traded price cited at Rs 178.84. Another snapshot in the data set put the share price at Rs 173.95 as on 03 Jun, 2026 at 09:44 AM IST, while the page carried a “Last Updated On: 03 Jun, 2026, 04:55 AM IST” marker.

Stock price snapshots mentioned

The disclosed price points show intraday and date-specific references rather than a single official closing print. Along with the Rs 178.84 last traded price and the prior close of Rs 165.80, the input also includes a historical reference of Rs 96.05 (-3.18%) dated Mar 19, 2026 (05:30:00 AM). Another line shows “-17.60 (-8.30%)” without additional context on date or reference price.

Given the mix of timestamps and sources, the key takeaway is that the stock saw a reported day-on-day jump of 7.87% at one point, and traded in the Rs 170-180 range in early June 2026, based on the provided snapshots.

Board meeting on May 14, 2026: audited results and auditors’ view

Deccan Gold Mines said its Board approved audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, at a meeting held on May 14, 2026 via video conferencing. The statutory auditors, M/s V.K Beswal & Associates, Chartered Accountants, issued an unmodified opinion on both standalone and consolidated financial results, as per the disclosure.

The company also said the Board re-appointed M/s GHS Gupta & Co as Internal Auditor for FY 2026-2027. In the same outcome communication, Deccan Gold Mines noted it had provided details on the utilization of rights issue proceeds and employee stock options granted.

FY26 numbers: loss narrows, income rises

For FY26, Deccan Gold Mines reported that its standalone net loss narrowed to Rs 13.18 crore from Rs 46.70 crore in the prior year. The data also states that total income from operations increased to Rs 37.22 crore from Rs 4.54 crore.

These figures indicate a sharp rise in operating income alongside a materially lower standalone loss year-on-year. The disclosure, however, does not provide a segment-wise income break-up in the provided text, so the drivers of the income change are not detailed here.

Associate performance cited: Geomysore profit

Alongside its standalone performance, the company noted that associate Geomysore posted a profit of Rs 28.81 crore. The input does not provide additional associate-level financial line items beyond this profit figure.

This reference is important because the company’s audited communication covered both standalone and consolidated results, and it specifically highlighted associate performance in the same breath as the FY26 standalone loss.

FY27 operational and financial targets: Kyrgyzstan Altyn Tor

Deccan Gold Mines also outlined targets linked to its Kyrgyzstan Altyn Tor project. The company stated it targets FY27 revenue of Rs 300 crore and profit after tax (PAT) of Rs 100 crore from the project.

On the operational side, it cited gold production targets of 160 kg in FY27 and 300-350 kg in FY28. It also said commissioning of the Merril Crowe circuit was expected in June, as per the provided text. The disclosures do not specify the exact year for the June commissioning reference within the excerpt, beyond being part of the FY27 target narrative.

EGM on May 21, 2026: related-party transactions approved

Deccan Gold Mines Limited declared voting results for an EGM held on May 21, 2026 via video conferencing, to approve related party transactions. The resolution was passed as an ordinary resolution with the requisite majority.

The company reported that 119 members participated, casting votes on 4,15,88,952 shares, with zero invalid votes. The proposal received 91.25% assent and 8.75% dissent. In share terms, 3,79,48,434 shares voted in favour and 36,40,518 shares voted against.

Voting pattern details: institutions against, promoters absent

The detailed voting pattern cited in the input shows a split by category. Public Institutions cast 36,40,442 votes entirely against the resolution. Public Non-Institutions cast 3,79,48,434 votes in favour and 76 votes against.

The disclosure also noted that Promoters and the Promoter Group did not participate in the voting process. Rathi & Associates, Company Secretaries, acted as scrutinizer and confirmed the fairness and transparency of the e-voting process, and the company said the results were communicated to stock exchanges and placed on its website.

Rights issue proceeds and deviations: what was discussed in meeting notes

The input includes excerpts from meeting proceedings that reference a resolution seeking approval for “deviation/variation in utilization of proceeds” of the company’s rights issue. In the same transcript-style excerpts, there is a stated objective “to increase the production capacity,” linked to rights issue money.

Separately, an earlier Board agenda item (scheduled for 24/01/2026) included “proposal for change in the objects of the Company’s Rights Issue, including utilisation of a portion of the Rights Issue proceeds for investment purposes, subject to applicable approvals.” The excerpts also include the statement that “decision has yet been taken or communicated to the board and it has not been discussed in the board itself,” without additional detail in the provided text.

Corporate meetings calendar listed

The input contains a table of past company events and purposes, including Board meetings for results and an item on rights issue, and EGMs for general meetings.

Key figures at a glance

The disclosures include a mix of market, financial, voting and target data points. The table below consolidates the most important factual numbers explicitly stated in the input.

What to watch next

Based on the provided disclosures, investors will track follow-through on the Kyrgyzstan Altyn Tor commissioning timeline, including the expected commissioning of the Merril Crowe circuit in June. Market attention may also remain on how rights issue proceeds are utilized, given the references to deviation/variation approvals and investment-purpose utilization subject to approvals.

On governance, the EGM voting pattern, including institutions voting entirely against and promoters not participating, is likely to remain a reference point in future shareholder engagements. Any further exchange disclosures on related-party transactions, project milestones, or updated financial guidance will be the next concrete triggers to watch.

Company contact details cited in the input

The dataset includes the company’s address and contact information: No. 501, Ackruti Trade Center, Road No. 7, MIDC, Mumbai, Maharashtra, 400093; email: info@deccangoldmines.com; website: http://www.deccangoldmines.com; and a phone number reference 08477 62900 in one of the excerpts.