Acquisition of 51 % Stake in Logrosan Minera S.L Spain.
M&A
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MEDIUM RISK
📅 Filed on BSE: 09 Jun 2026, 09:26 PM IST · BSE ID: d1767037-0b15-4d30-a90f-61c4b3d7a5a2
View Original BSE Filing (PDF)
💡
In Simple Terms
Deccan Gold Mines bought a 51% share in a Spanish company exploring for critical minerals like gold and tungsten for Euro 1.76 million.
🤖 AI Summary
- Deccan Gold Mines Ltd entered a definitive agreement to acquire a 51% stake in LOGROSAN MINERA S.L., Spain.
- The acquisition consideration is Euro 1.76 million in cash, to be paid by Deccan Gold and/or its subsidiary DGFZCO.
- LOGROSAN possesses two granted exploration licenses totaling 7732.37 Ha for tungsten, tin, REE, and gold.
- The target entity, LOGROSAN, reported a Turnover of Rs. Nil and Net Worth of Rs. (11,95,020) as of Financial Year 2023-2024.
- The acquisition is expected to be completed progressively by March 2027, requiring approvals from India, Dubai, Spain, and United Kingdom.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Cost of Acquisition (51% Stake)
Euro 1.76 million
LOGROSAN Turnover (FY 2023-2024)
Rs. Nil
LOGROSAN Net Worth (FY 2023-2024)
Rs. (11,95,020)
LOGROSAN Paid-up Share Capital
3,006.00 €
LOGROSAN Exploration Area
7732.37 Ha
🏢 How This Affects the Company
This acquisition expands Deccan Gold Mines' exploration footprint into Spain, focusing on critical minerals like tungsten, tin, rare earth elements, and gold, diversifying its geographical presence.
The company will incur a cash outflow of Euro 1.76 million for the 51% stake acquisition. LOGROSAN reported Nil turnover and a Net Worth of Rs. (11,95,020) for FY 2023-2024, indicating no immediate revenue or profit contribution.
The company will engage in mineral exploration and potential mining development activities in Spain, including a drilling program currently underway by LOGROSAN.
The acquisition introduces geopolitical and regulatory risks associated with operating in Spain, Dubai, and United Kingdom, and the success of future exploration and mining development remains uncertain.
👥 What This Means For Shareholders
✅
Action Required
No immediate action is required by shareholders.
👤
Who Is Affected
Shareholders of Deccan Gold Mines Ltd are affected by the company's strategic decision to expand into critical mineral exploration in Spain via a Euro 1.76 million cash acquisition.
🔍
Management Signal
Management's decision indicates a strategic focus on expanding critical mineral exploration activities and geographic diversification into Spain.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Regulatory approvals for the acquisition from India, Dubai, Spain, and United Kingdom.
Progress updates on the drilling program in LOGROSAN's projects in Spain.
Announcement regarding the progressive completion of the 51% acquisition by March 2027.
MEDIUM RISK
The acquisition involves international regulatory approvals and the target has no current turnover.
💡 Investor Takeaway
Deccan Gold Mines Ltd entered an agreement to acquire a 51% stake in LOGROSAN MINERA S.L., Spain, for Euro 1.76 million. LOGROSAN holds critical mineral exploration licenses and reported Nil Turnover for FY 2023-2024. Completion is anticipated by March 2027.
⚖️ Strengths & Concerns
✅ Positives
- Acquisition diversifies Deccan Gold Mines' exploration portfolio into critical minerals (tungsten, tin, REE, gold) in Spain.
- LOGROSAN holds granted exploration licenses covering 7732.37 Ha, providing access to new mineral resources.
⚠️ Concerns
- LOGROSAN reported Turnover of Rs. Nil and Net Worth of Rs. (11,95,020) for FY 2023-2024, indicating no current revenue generation.
- The acquisition process is lengthy, with completion expected by March 2027, subject to multiple governmental and regulatory approvals.
❓ Frequently Asked Questions
What stake did Deccan Gold Mines Ltd acquire in LOGROSAN MINERA S.L.?
Deccan Gold Mines Ltd acquired a 51% stake in LOGROSAN MINERA S.L. SPAIN.
What is the cost of acquisition for the 51% stake in LOGROSAN MINERA S.L.?
The cost of acquisition for the 51% stake in LOGROSAN MINERA S.L. is Euro 1.76 million.
What was the Turnover of LOGROSAN MINERA S.L. for Financial Year 2023-2024?
The Turnover of LOGROSAN MINERA S.L. as on Financial Year 2023-2024 was Rs. Nil.
When is the acquisition of LOGROSAN MINERA S.L. expected to be completed?
The acquisition of LOGROSAN MINERA S.L. is expected to be completed progressively by March 2027.
Which critical minerals will LOGROSAN MINERA S.L. explore in Spain?
LOGROSAN MINERA S.L. holds licenses for tungsten, tin, Rare Earth Elements (REE), and gold exploration in Spain.
Questions based on this BSE filing only. For information purposes.