GPGodawari Power and Ispat532734Admin disclosure update

Repayment date of Rs. 20.00 Crore inter-corporate loan to Deccan Gold Mines extended to 31.03.2027

GPIL's subsidiary Hira Ferro Alloys has extended the repayment date of its Rs. 20.00 Crore inter-corporate loan to Deccan Gold Mines.

By ScoutQuest · Tue 3 Nov 2026, 5:16 PM IST · 2 min read

Inter-corporate loan amount

Rs. 20.00 Crore

Revised repayment date

up to 31.03.2027

Earlier repayment date

on or before 31.10.2026

What the company has told the exchanges

GPIL has passed on an update received from Hira Ferro Alloys Limited (HFAL), a subsidiary of the company and part of its promoter group. HFAL had granted an inter-corporate loan of Rs. 20.00 Crore to Deccan Gold Mines Limited (DGML) out of its surplus fund, under a facility agreement executed on 03.08.2026.

What has changed now

HFAL has executed an amendment to that facility agreement. Under the amendment, the repayment tenure of the loan has been extended up to 31.03.2027. The original repayment date was on or before 31.10.2026.

• Loan amount: Rs. 20.00 Crore, from HFAL's surplus fund
• Borrower: Deccan Gold Mines Limited (DGML)
• Earlier repayment date: on or before 31.10.2026
• Revised repayment date: up to 31.03.2027
• All other terms, conditions and covenants of the original loan agreement remain unchanged and continue in full force

Why the lender matters here

The loan is not given by GPIL itself. It is given by HFAL, which GPIL describes as its subsidiary and part of the promoter group. The disclosure to the exchanges is about that entity's transaction with DGML, and the company has asked the exchanges to take the information on record.

How to read this

The update is about the timing of repayment, not about a fresh loan or a change in the amount. The money is due to come back to HFAL, and that return has been pushed out by about five months. Since HFAL is a subsidiary and part of the promoter group, the extension keeps a sum of Rs. 20.00 Crore deployed with the borrower for longer than originally planned.

What the update does not change

The disclosure states that every other term, condition and covenant of the original loan agreement stays as it was. So the amount lent, the borrower and the rest of the arrangement are as per the earlier agreement of 03.08.2026; only the repayment window has moved.

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