Deccan Cements Limited has announced that its board of directors will meet on Friday, May 29, 2026, at the company's registered office. The primary agenda for the meeting includes the consideration and approval of the standalone and consolidated audited financial results for the quarter and year ended March 31, 2026.

In addition to the financial results, the board will deliberate on a proposal regarding the recommendation of the final dividend for the fiscal year 2025-26. The outcome of these deliberations will determine the dividend payout, if any, to the shareholders.

Consequently, the trading window for the company's securities remains closed. This closure, which began on March 23, 2026, will continue until May 31, 2026. The window will remain shut until 48 hours after the declaration of the financial results and the recommendation of the final dividend.

Meeting Details

The company has informed the BSE Limited and the National Stock Exchange of India Limited regarding the scheduled board meeting. Deccan Cements Limited trades under the symbol DECCANCE on the NSE.

Deccan Cements Limited has announced that its Board of Directors, at a meeting held on May 14, 2026, approved a comprehensive fundraising plan to raise up to ₹660.00 Crores through the issuance of Non-Convertible Debentures (NCDs) and Compulsorily Convertible Debentures (CCDs) on a private placement basis. The proceeds are intended to repay outstanding term loans and related liabilities. As part of the approval, the Board also initiated the postal ballot process to seek shareholder consent for the CCD issuance of up to ₹103.00 Crores, with voting scheduled from May 15, 2026, to June 13, 2026. The Postal Ballot Notice was subsequently published in Business Standard (English – All India Editions) and Andhra Prabha (Telugu – Hyderabad Edition) on May 15, 2026, with KFin Technologies Limited (KFINTECH) designated as the e-voting service provider and Registrar & Transfer Agent for the process.

NCD Issuance Details

The NCD component constitutes the larger portion of the fundraise at up to ₹557.00 Crores, with investors yet to be finalized. The NCDs will carry a door-to-door tenor of 72 months from the date of allotment, and are expected to be allotted on or before June 30, 2026, or such other date as may be mutually agreed. The instruments will be secured by a first charge over the company's plant land and all immovable fixed assets, including those of its subsidiary, as well as a first charge over additional land at Regupalem Village, Visakhapatnam, Andhra Pradesh. Additional security includes a first charge on movable assets and a second charge on all current assets of Deccan Cements and its subsidiary. The coupon structure for the NCDs is tiered as follows:

The NCD redemption schedule is structured across the final four years of the tenor:

CCD Issuance and Postal Ballot Details

The CCD component of up to ₹103.00 Crores involves the issuance of 14,40,559 CCDs on a preferential basis to five identified investors at a price of ₹715 per CCD. These instruments are unsecured, carry a coupon rate of 6% per annum payable monthly, and will be compulsorily converted into equity shares within 18 months from the date of allotment. The conversion ratio is 1:1, with each CCD converting into one equity share of face value ₹5 at a premium of ₹710. The CCDs will be allotted within 15 days from the date of passing of the Special Resolution and are not proposed to be listed. Members holding shares in physical or dematerialized form as on the cut-off date of May 8, 2026, are eligible to participate in the e-voting process through the KFINTECH platform.

The following table outlines the key terms of the CCDs:

Calendar of Events

Mr. Vikas Sirohiya, Practicing Company Secretary, has been appointed as the Scrutinizer to ensure the fair conduct of the postal ballot and e-voting process. The complete schedule for the postal ballot is as follows:

Investor Details and Shareholding Impact

The proposed CCD allotment is to five investors — Neo Credit Opportunities Fund I, Neo Special Credit Opportunities Fund, Neo Special Credit Opportunities Fund II, Neo Special Credit Opportunities Fund II A, and Neo Prime Fund. Upon conversion, the allottees will collectively hold 9.33% of the post-issue share capital. The company has stated that the issuance will not result in any change in control. Promoter and promoter group holding is expected to decrease from 56.25% to 51.00% post-conversion, while public shareholding will increase to 49.00%.