Home >> Business Profiles >> Deccan Gold Mines Ltd |
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Industry |
Gold & Precious Metals |
Business Summary |
Deccan Gold Mines Limited is a company listed on the Mumbai Stock Exchange and is involved in gold exploration activities in the States of Karnataka, Andhra Pradesh, Rajasthan and Kerala. Rama Mines (Mauritius) Ltd. acquired a majority stake in the company from the promoters of Wimper Trading Limited and followed this acquisition by making an "open offer" to the public, as per the requirements of the Securities Exchange Board of India regulations, in the year 2001. The name of the company was changed to Deccan Gold Mines Limited on 19 March, 2003. A rights issue to increase the paid up capital of the company to Rs.5 crore was undertaken in the year 2004. DGML has entered into agreements with its associated company, Geomysore Services (India) Pvt. Ltd.,and its 100% owned subsidiary Indophil Resources Exploration Services Pvt. Ltd. for the transfer of Prospecting Licences to DGML in the Dharwar-Shimoga, North and South Hutti, Ramgiri and Mangalur Prospecting blocks. The associated companies have made several applications for the grant of Prospecting Licences (PLs) in these prospecting blocks and are awaiting grant of licences from the Government. The associated companies were originally granted Reconnaissance Permits (RPs) to undertake exploration activities in these prospecting blocks. |
Company Website | http://www.deccangoldmines.com/ |
Phone | +91-80-40428400 |
Contact Address Details |
Registered Office |
89/1, 3rd Floor, Marathahalli Outer Ring Road, Bangalore 560037
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