BSECompany Update4d ago · 27 Aug 2026, 01:59 pm
Avelum Partner LLC, Kyrgyz Republic, a subsidiary of Deccan Gold Mines Limited has received an official communication from the Naryn District State Administration, Kyrgyz Republic stating ....
Deccan Gold Mines Ltd · 512068
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Deccan Gold Mines Ltd's subsidiary Avelum Partner LLC in Kyrgyz Republic has been included in the list of enterprises to be inaugurated online on 11 September 2026 by the President of Kyrgyz Republic, marking a significant milestone for the company's Altyn Tor Gold Project.
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Full Announcement
Deccan Gold Mines Ltd - 512068 - President Of Kyrgyz Republic To Inaugurate Online The Altyn Tor Gold Project Of Deccan Gold''s Subsidiary Avelum Partner LLC On 11 September 2026 - Disclosure Pursuant To Regulation 30 Of The SEBI (LODR) Regulations, 2015
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August 27, 2026
Corporate Relationship Department,
Bomba Stock Exchange Limited,
Phiroze Jeejeebhoy Towers, Dalal Street
Mumbai – 400001
Scrip Code: 512068
Dear Sir/Madam,
Sub: President of Kyrgyz Republic to Inaugurate Altyn Tor Gold Project of Deccan Gold's
Subsidiary Avelum Partner LLC on 11 September 2026 – Disclosure pursuant to
Regulatio 30 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015
We are pleased to inform the shareholders and investors that Avelum Partner LLC, Kyrgyz
Republic, a subsidiary of Deccan Gold Mines Limited, has received an official
communication from the Naryn District State Administration, Kyrgyz Republic, stating that
the gold processing plant of Avelum Partner LLC located at the Solton-Sary (Altyn Tor)
Gold Project has been included in the list of enterprises proposed to be inaugurated
online on 11 September 2026 as part of the celebrations marking the Independence Day of
the Kyrgyz Republic, with the participation of His Excellency Mr. Sadyr N. Japarov,
President of the Kyrgyz Republic. The occasion will also be attended by senior
management personnel of Avelum Partner LLC and Deccan Gold Mines Limited, who will
be present at the project site on 11 September 2026.
The communication further requests Avelum Partner LLC to undertake all necessary
preparations in accordance with the prescribed procedures for the inauguration
programme.
The Altyn Tor Gold Project represents a landmark achievement for Deccan Gold Mines
Limited and its stakeholders. The project has successfully progressed from exploration and
development to production and we believe it to be the first investment by an Indian
company in the gold mining sector of the Kyrgyz Republic to reach the production stage.
Management Comment:
Commenting on this significant milestone, Dr. Hanuma Prasad Modali, Managing Director
of Deccan Gold Mines Limited, said:
"The inclusion of the Altyn Tor Gold Project in the national inauguration programme
presided over by the President of the Kyrgyz Republic is a matter of immense pride for
Deccan Gold Mines Limited. This recognition reflects the importance of the project to the
economic development of the Kyrgyz Republic and acknowledges the efforts of our teams
and partners who have worked tirelessly to bring the project into production.
Altyn Tor is not only a major milestone for our Company but also holds historical significance
as the first Indian investment in the gold mining sector of the Kyrgyz Republic to reach the
production stage. We remain committed to building a world-class mining operation that
creates long-term value for all stakeholders while strengthening the economic partnership
between India and the Kyrgyz Republic."
The Company shall continue to keep the Stock Exchange informed of further material
developments in this regard.
Kindly take the above information on record.
Yours truly
Subramaniam S
Company Secretary & Compliance Officer
Membership No. A 12110