Deccan Gold Mines Ltd. — Proxy Solicitation & Information Statement 2024

Apr 25, 2024

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April 25, 2024

To

Corporate Relationship Department BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai- 400001.

Scrip Code: 512068

Dear Sirs,

Sub: Extraordinary General Meeting (EGM) of the Company to be held on Wednesday, – May 8, 2024 issue of Corrigendum to Notice of EGM

Vide our letter dated April 11, 2024 we had intimated that an Extraordinary General Meeting (EGM) of the Company will be held on Wednesday, May 8, 2024 at 11.30 a.m. (IST) and the EGM would be held through VC / OAVM. Further, vide our letter dated April 16, 2024 we had filed the Notice convening the EGM with the BSE.

In this regard, we attach a Corrigendum to the Notice of the EGM which is being emailed to the shareholders of the Company. The Corrigendum is also made available on the website of the Company at www.deccangoldmines.com.

Request you to take the above Corrigendum on record and oblige.

Yours truly

For Deccan Gold Mines Limited

SUNDARAM Digitally signed by SUNDARAM SUBRAMANIAM SUBRAMANIAM Date: 2024.04.25 18:13:41 +05'30'

Subramaniam S

Company Secretary & Compliance Officer Membership No A12110

Encl.: As above

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1

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CORRIGENDUM TO THE NOTICE OF EXTRAORDINARY GENERAL MEETING OF THE SHAREHOLDERS OF DECCAN GOLD MINES LIMITED

This Corrigendum is being issued in continuation of the Notice dated April 16, 2024 convening the Extraordinary General Meeting (“ EGM ”) of Deccan Gold Mines Limited (“the Company”) on Wednesday, May 08, 2024 at 11.30 A.M. (IST) through Video Conferencing (VC) / Other Audio Visual Means (OAVM). The Notice of the EGM has been dispatched to the shareholders of the Company in due compliance with the provisions of the Companies Act, 2013 read with the relevant rules made thereunder. Except for the changes as under, all contents of the Notice to the Shareholders remain the same.

Item No. 2:

We refer to Item No. 2 of the Notice which pertains to seeking approval of the shareholders by way of a Special Resolution for “Offer and issue of Compulsorily Convertible Debentures by the Company convertible into equivalent number of Equity Shares on preferential basis through private placement for cash consideration” read with corresponding explanatory statement to the abovementioned item, incorporated from pages 25-35 of the EGM Notice.

Name of Hastimal Premchandji Jain, one of the allottees under Proposed Allottee(s) 1 has been incorrectly mentioned as Premchandji Hastimal Jain (in pages 3 & 27 of the Notice) and as Hastimal Premanandji Jain (in page 31 of the Notice). We intimate that his name shall be read correctly as “Hastimal Premchandji Jain” in all the above 3 pages in the Notice of the EGM.

Statement setting out material facts under Section 102 of the Companies Act, 2013 to Item No. 2, 3 and 4:

We refer to Statement setting out material facts under Section 102 of the Companies Act, 2013 to Item Nos. 2, 3 and 4 of the Notice of the EGM which pertains to seeking approval of the shareholders by way of a Special Resolution for “Offer and issue of Compulsorily Convertible Debentures by the Company convertible into equivalent number of Equity Shares on preferential basis through private placement for cash consideration”; “Offer and issue of Optionally Convertible Cumulative Redeemable Preference Shares by the Company convertible into equivalent number of Equity Shares on preferential basis through private placement for cash consideration”; and “Offer and issue of Equity Shares by the Company on preferential basis through private placement for cash consideration”; respectively incorporated from pages 25-35 of the EGM Notice.

Clause 5 under Item No. 2, 3 and 4 (in page 29 of the Notice), except the footnotes thereunder which remains unaltered, of the “Statement setting out Material Facts under Section 102 of the Companies Act, 2013” shall be read as under:

5. Shareholding Pattern of DGML before and after the issue:

The pre-issue and post-issue shareholding pattern of DGML (after considering full allotment of CCDs under Item No. 2 of this Notice, OCCRPS under Item No. 3 of this Notice and Equity Shares under Item No. 4 of this Notice to be issued on preferential basis), on fully diluted basis, is given below:

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Shareholding pattern	Pre Issue shareholding pattern (on fully diluted basis)	Pre Issue shareholding pattern (on fully diluted basis)		New Issue		Post Issue shareholding pattern (on fully diluted **basis) ***	Post Issue shareholding pattern (on fully diluted **basis) ***
	No. of shares	%age	CCDs under Item No. 2	OCCRPS under Item No. 3	Equity Shares under Item No. 4	No. of shares	%age
A. Promoter & Promoter Group
Promoters	39,257,431	25.02	-	-	-	39,257,431	24.24
Sub-total(A)	39,257,431	25.02	-	-	-	39,257,431	24.24
B. Public
Allottees (under Item No. 2, 3 & 4)			1,574,864	3,442,340	34,422	5,051,626	3.12
Public (existing pre issue holders)	117,637,113	74.98	-	-	-	117,637,113	72.64
Sub-total(B)	117,637,113	74.98	1,574,864	3,442,340	34,422	12,26,88,739	75.76
Total	156,894,544	100.00	1,574,864	3,442,340	34,422	161,946,170	100.00

Members are requested to kindly take note of the aforesaid typographical errors and the corresponding corrections before casting their votes.

This Corrigendum to the Notice of the EGM shall form an integral part of the Notice of the EGM which has already been circulated to the shareholders of the Company and on and from the date hereof, the Notice of the EGM shall always be read in conjunction with this Corrigendum. This Corrigendum is available on the website of BSE Limited (www.bseindia.com) and on the website of the Company (www.deccangoldmines.com). All other contents of the Notice of the EGM, save and except as modified or supplemented by this Corrigendum, shall remain unchanged.

By order of the Board of Directors For Deccan Gold Mines Limited

Subramaniam S Company Secretary & Compliance officer ACS No. 12110

Registered Office: 501, Ackruti Trade Centre, Road No. 7, MIDC, Andheri (East), Mumbai 400 093. CIN: L51900MH1984PLC034662

Place: Bengaluru Date: April 25, 2024

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