Deccan Gold Mines has informed that the Hon’ble Supreme Court of India, vide its order dated 09 June 2026, in Writ Petition (Civil) Diary No. 35746 of 2026 (Karanartham Viramah Foundation vs. State of Maharashtra & Anr.), has rendered a judgment relating to the rights of mining lease applicants arising prior to the amendments to the Mines and Minerals (Development and Regulation) Act, 1957. In the said judgment, the Hon’ble Supreme Court has upheld that where a decision to grant a mining lease and requisite approvals had been taken prior to 2015, the applicant’s vested and accrued rights would continue to subsist notwithstanding subsequent amendments, including the introduction of Section 10A prescribing auction as the primary route for grant of mining leases. The Court further clarified that such cases would not be treated as 'pending applications' as of 2015 and therefore would not be hit by the post-2015 statutory regime mandating auction, nor by the lapse provisions introduced subsequently in 2021.
The above information is a part of company’s filings submitted to BSE.
