Intimation regarding incorporation of a step down subsidiary company

With reference to the captioned subject, we would like to inform you, that Deccan Gold FZCO, Dubai, UAE,(DGFZCO), a wholly owned subsidiary of the Company, and Magnifica Group of Mozambique have incorporated a new Company by the name of “DECCAN GOLD MOZAMBIQUE LDA” on May 7, 2024 in which DGFZCO holds a 51% stake. Consequently, Deccan Gold Mozambique LDA will be a Step-down Subsidiary of the Company.

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