- Approval of Final Letter of Offer for proposed Rights Issue of 4 90 00 000 Equity shares of Re 1/- each fully paid up to the equity shareholders in the ratio of 20 shares for every 1 share held.

2004

-Bangalore: Deccan Gold Mines Ltd has said that it has found feasible gold-bearing ore deposits at the Dharwad-Shimoga basin where it started drilling about two weeks back.

-Bangalore: Deccan Gold Mines Ltd discovers gold bearing ore deposits at Dharwad-Shimoga basin.

- Deccan Gold Mines has identified 22 independent exploration targets for gold mining comprising an area of about 5 000 sq km in the Dharwad-Shimoga block.

- Deccan Gold Mines has discovered gold bearing deposit of 470 x 27 capable of yielding 2 tonnes of Gold in Haveri district of Karnataka