Monitoring Agency Report for the quarter ended June 30, 2026

August 07, 2026 Corporate Relationship Department BSE Limited Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Scrip Code: 512068 Dear Sir, Sub.: Monitoring Agency Report for the quarter ended June 30, 2026 Ref: Regulation 32(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018 Pursuant to Regulation 32(6) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 82(4) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018, please find enclosed herewith Monitoring Agency Report for the quarter ended June 30, 2026, issued by Infomerics Valuation and Rating Limited in respect of utilisation of funds raised through Rights Issue of equity shares of the Company issued vide its Letter of Offer dated December 04, 2025. This intimation is also being uploaded on the website of the Company at https://deccangoldmines.com/investor-relations/disclosure-under-reg-46/ Kindly take the above on record and oblige. Yours faithfully, For Deccan Gold Mines Limited Subramaniam Sundaram Company Secretary & Compliance Officer Encl.: as above Monitoring Agency Report for Deccan Gold Mines Limited for the quarter ended June 30, 2026 Monitoring Agency Report August 07, 2026 Deccan Gold Mines Limited 77, 16th Cross Rd, near Cakewala, Sector 4, HSR Layout, Bengaluru, Karnataka 560102 Dear Sir, Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Rights issue of Deccan Gold Mines Limited (“The Company”) We write in our capacity of Monitoring Agency for the Rights issue of equity shares for the amount aggregating to Rs. 314.70 crore of the Company and refer to our duties cast under 82 of the Securities & Exchange Board of India (Issue of Capital & Disclosure Requirements) Regulations, 2018 (SEBI ICDR Regulations). In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per aforesaid SEBI Regulations and Monitoring Agency Agreement dated 10th November 2025. Request you to kindly take the same on records. Thanking you, For and on behalf of Infomerics Valuation and Rating Limited Rekha Chokkalingam (Associate Director - Ratings) rekha.chokkalingam@infomerics.com Report of the Monitoring Agency Name of the Issuer: Deccan Gold Mines Limited For quarter ended: June 30, 2026 Name of the Monitoring Agency: Infomerics Valuation and Rating Limited (a) Deviation from the objects: No (b) Range of Deviation: Nil Indicate range of percentage deviation from the amount of issue proceeds earmarked for objects. For example, up to 10%, 10 – 25%, 25-50%, 50-75%, 75-100%, not ascertainable etc. *Range of Deviation may be computed by taking weighted average of financial deviation of each object in the ratio of issue proceeds allocated for it. Non-financial deviation may be indicated separately by way of notes. Declaration: We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013. The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We declare that we do not have any direct / indirect interest in or relationship with the issuer/promoters/directors/management and also confirm that we do not perceive any conflict of interest in such relationship / interest while monitoring and reporting the utilization of issue proceeds by the issuer. We further declare that this report provides true and fair view of the utilization of issue proceeds. Signature: Name of the Authorized Person/Signing Authority: Rekha Chokkalingam Designation of Authorized person/Signing Authority: Associate Director - Ratings Seal of the Monitoring Agency: Date: August 07, 2026 1) Issuer Details: Name of the issuer: Deccan Gold Mines Limited Names of the promoters/promoter’s group of the issuer: Rama Mines (Mauritius) Limited, Australian Indian Resources Ltd Industry/sector to which it belongs: The Company is presently engaged in gold mining holding substantial stakes in advanced-stage gold projects in India and Kyrgyzstan, and a portfolio of high potential Tier-II Projects that are available for exploration / development. 2) Issue Details: Issue Period: December 17, 2025 to December 26, 2025 Type of issue (public/rights): Rights Issue Type of specified securities: Equity shares Grading: Not Applicable Issue size (Rs in Crores): Rs. 314.70 crores (Note No. 1) Note 1 Issue of up to 3,93,37,893* Equity Shares of face value of Rs 1 each (Rights Equity Shares) for cash at a price of Rs 80.00 each (including premium of Rs 79.00 per Rights Equity Share) for an aggregate amount of up to Rs 314.70 crores* on a rights basis to the eligible equity shareholders of or Company in the ratio of 150 Rights Equity Share for every 601 Equity Shares held by the Eligible Equity Shareholders on the Record Date, i.e. December 09, 2025. The issue price is 80 times the face value of the equity shares. *Assuming full subscription in the Issue. Subject to finalization of the Basis of Allotment. Particulars Remarks Amount (in Rs. crore) Approved by Board Total shares to be issued 3,93,37,893 314.70* On Application Rs. 80.00/- per share 314.70 Details of expenses to be incurred - 1.51 Net Issue Proceeds 313.19 Current Status Total shares to be issued 3,93,37,893 314.70* On Application Rs. 80.00/- per share 314.70 Details of expenses to be incurred - 1.51 Net Issue Proceeds 313.19 *Assuming full subscription in the Issue, subject to the finalization of the Basis of Allotment and receipt of all Call Monies with respect to Rights Issue. 3) Details of the arrangement made to ensure the monitoring of issue proceeds: Source of information / certifications Comments of Comments Particulars Reply considered by Monitoring Agency for Monitoring of Board of preparation of report Agency Directors Bank Statements, CA Certificate*, Whether all the utilization is as per disclosure in Yes, the utilization has been Management Declaration^, Letter of Offer**, Offer made as per Offer Refer Note 1 - Shareholder Special Resolution on EGM Document? Document. dated February 20, 2026 Whether Shareholder approval is obtained in case Yes, the company has Shareholder Special Resolution on EGM of material deviations from expenditures obtained approval from dated February 20, 2026, CA Certificate*, No Comments - disclosed in Offer Shareholders for deviating Management Declaration^ Document? the objects Whether means of finance for disclosed objects of No Not Applicable No Comments - the Issue has changed? Any major deviation observed over the earlier No Not Applicable No Comments - monitoring agency reports? Whether all Government / Statutory approvals Yes In Principal ap [Showing first 8,000 characters — download PDF for full document]