Please refer the attached letter.

Deccan Gold Mines Ltd has secured a short-term loan of Rs. 3 crore from Modali Consultants LLP with a 12-month tenure at 12% annual interest, compounded quarterly. The debt, intended for the development of company projects, is secured by a pledge of 18,750 equity shares held in its subsidiary, Geomysore Services (India) Private Limited. The company has clarified that this transaction is not with a related party.