Transcript of Earnings Call-Q 1 of FY 2026-2027.

August 17, 2026 BSE Limited Corporate Relationship Department Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai - 400 001 Scrip Code: 512068 Dear Sir, Sub.: Transcript of Earnings Call – Q1 of FY 2026-2027 Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Transcript of Earnings Call – Q1 of FY 2026-2027 conducted on August 12, 2026, at 11:00 a.m. (IST) for your information and records. The above information is also being made available on the website of the Company at: https://deccangoldmines.com/investor-relations/disclosure-under-reg-46/audio-or-video recordings-and-transcripts/ We request you to kindly take the same on record and acknowledge the same. Yours sincerely, For Deccan Gold Mines Limited Subramaniam Sundaram Company Secretary & Compliance Officer Membership No.: A12210 “Deccan Goldmines Limited Investor Relations Call” August 12, 2026 Management: Mr. Pandarinathan Elango - Chairman Dr. Hanuma Prasad Modali - Managing Director Ms. Jade Gemma Devenish - Non-Executive, Non- Independent Director Page 1 of 28 Deccan Goldmines Limited August 12, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Deccan Goldmines Limited Investor Relations call. All participants are currently in the listen only mode. There will be an opportunity to ask questions following the conclusion of the management's opening remarks. If you wish to join the question queue, please click on the raise hand icon from the participant tab. Please note that this call is being recorded. I now hand the conference over to Dr. Hanuma Prasad Modali, Managing Director. Thank you and over to you sir. Dr. Hanuma P Modali: Thank you very much. Good morning to the shareholders and future prospective investors. Thanks for coming on to this call. And once again, it is a pleasure to meet all of you on the call, which we have been doing pretty regularly nowadays. And as a Company, I would like to say the last quarter that is the June quarter, has done three things to us. As a snapshot, it has established us as clearly as producers. All the time we have been explorers and last so many years we have been exploring in this country, but in the March quarter we have shown some production and June quarter has clearly established us as the producer and then that is mainly from Jonnagiri but then subsequently you have seen we have started producing dore bar from Kyrgyzstan as well. So I think that is the biggest take away that has happened in the Company either in the last quarter or just now and the second biggest thing that has happened to the Company is we have now clearly defined two verticals. We have always been talking about gold and critical mineral verticals that we have as projects, as a product portfolio. But in this quarter, it has clearly been shown that these two verticals have their own value proposition. In the case of gold, we have become producers. At the same time, in the critical mineral segment, we have started drilling and we have developed the resources. So now it is very, very clear that our strategies have to be in two different verticals in terms of growth, in terms of expansion, etc. And that leads to the third point it gave clarity to us so we can make very kind of precise plans for the expansion of these two verticals separately. I think these are the three things which have happened to the Company in the last three to five months. I think most of you might have seen these financial results, which of course, at this point in time, they are still in the initial stages. I think the next quarter is going to be much bigger than this. But however, the most significant part of this June quarter, again, it is the contribution from Geomysore Services. And as I show in the next slide, what is the kind of gold that they have produced, where we are as far as that project is concerned. But in terms of financial results, Geomysore contributed about Rs.6.35 Crores of the profit. As you all know, we got the PAT booked into our accounts. So Rs.6.35 Crores of profit has come to us and they have sold about 59 kilos of gold. That is a bullion actually what has been sold. I will show you in the next few slides that actually the production, the stock, the gold in stock is much more so that all is going to be sold in the coming months. So the numbers are from Page 2 of 28 Deccan Goldmines Limited August 12, 2026 Jonnagiri going to look much better in the next quarter. And also we are going to produce gold. We have started dore bar production. And in the Altyn Tor, so we are going to have continuous production now. So in the September quarter I am sure we will have some revenue booked from that place as well as profits which will add to the Jonnagiri's profit. So it looks pretty good in the next one, the next quarter. And the other important factor is we are able to raise Rs.137 Crores. Board has approved this particular raise through CCDs, equity shares and equity warrants. And of course, we have to wait for the shareholders’ approval. One of the most significant factors in this, there are HNAs who have shown interest to bring in this capital and also the management which includes I think myself, Jade and a few others, they have shown their commitment and their confidence in the Company and they are also contributing in this particular race. So, I personally feel that it is a very significant step and this money is going to be used for the exploration of the other projects other than the Kyrgyzstan project, which is now almost ready for the production, full scale production rather. So that is where the money is going to be used and the capital is expected to accelerate Deccan Gold's transition into production-oriented mining Company, which we are already here. And also we made certain key Board changes and two of the Board Members, particularly the Chairman Mr. Kailasam, he is retired after five years and also Deepthi as an Independent Director, she retired and we made Mr. Elango as the Chairman of the Board. And I think most of you know Elango has a tremendous track record. He was ex-CEO of Cairn Energy and then he established HOEC, which has become a star on the stock exchange and it got into the production. So he is already a Board Member. Now we made him as a Chairman. And we also brought in Ms. Jade Devenish who is also there on the call. You can see her. She has been working with the group since 2009. Last 16 years she has been with us. And she was actually the Managing Director for Geomysore Services from 2012 to 2022. That is almost like 10 years she was the Managing Director. And she has overseen the development of Jonnagiri project. So she has had some experience and she has been brought into the Board as a Non-Executive, Non-Independent Director. And in fact, last few months she has been taken, she has been assisting the Company in various roles. And in fact, the European projects like in Spain and Finland, she is having a daily review of those projects and she is fully involved now. So, these are the changes where maybe a few more Board changes are expected, which we would inform the shareholders and investors in the due course of time. Next one. So, as I said, we have now clearly two defined verticals which I have been showing last time also. There are gold projects and there are critical mineral projects and I specifically mentioned that it is battery minerals. That is what we are mainly focused. So in terms of gold, you all know this Geomysore, the Jonnagiri project, which is now green tick marked, it is into production. The second one is Avelum, that is the Kyrgyzstan project, that is Altyn Tor gold Page 3 of 28 Deccan Goldmines Limited August 12, 2026 mine, which is into the production now. And the other projects, particularly the Kalevala gold project in Finland, that is going to have a lot of focus in the next few months. And I will explain about that also in the due course of time. A [Showing first 8,000 characters — download PDF for full document]