BSECompany Update3d ago · 12 Aug 2026, 06:56 pm
Please find attached Monitoring Report for the quarter ended 30th June 2026, in connection with utilisation of funds raised through issuance of Compulsorily Convertible Debentures on Preferential ....
Deccan Cements Ltd-$ · 502137
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Deccan Cements Ltd has submitted a monitoring report for the quarter ended June 30, 2026, regarding the utilization of funds raised through a preferential issue of Compulsorily Convertible Debentures.
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Earnings Impact5/10
Growth Catalyst2/10
Governance Concern1/10
Regulatory Risk3/10
Balance Sheet Risk4/10
Liquidity Impact6/10
Market Sentiment5/10
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Deccan Cements Ltd-$ - 502137 - Monitoring Report For The Quarter Ended 30Th June 2026 In Connection With Utilization Of Funds
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CIN : L26942TG1979PLC002500
REGD OFFICE : 6-3-666/B,
"DECCAN CHAMBERS", SOMAJIGUDA,
DECCAN CEMENTS LIMITED HYDERABAD -500 082.
PHONE : +91 (40) 23310168, 23310552,
+91 (40) 23310561, 23310599
FAX :+91 (40)23318366
E-MAIL : info@deccancements.com
WEBSITE : www.deccancements.com
DCL: SECY: 2026 Date: 12.08.2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department Listing Department
Phiroze Jeejeebhoy Towers Exchange Plaza, Plot No. C/1, G Block
Dalal Street Bandra-Kurla Complex, Bandra (East)
Mumbai - 400 001 Mumbai - 400 051
Scrip Code: 502137 Trading Symbol: DECCANCE
Sub: Report of Monitoring Agency under Regulation 162A of the SEBI (ICDR)
Regulations, 2018 and Regulation 32 of the SEBI (LODR) Regulations,
2015.
Ref: ISIN- INE583C08018 (Compulsorily Convertible Debentures)
Dear Sir/Madam,
Pursuant to Regulation 162A of the SEBI (ICDR) Regulations, 2018 and Regulation 32
of the SEBI (LODR) Regulations, 2015, please find enclosed Monitoring Agency
Report in respect of the utilization of proceeds of Private Placement/Preferential Issue
of Compulsorily Convertible Debentures (CCDs) for the quarter ended 30th June 2026
issued by CARE Ratings Limited, the Monitoring Agency.
Thank you,
With regards,
For Deccan Cements Limited
Bikram Keshari Prusty
Company Secretary (FCS-7855)
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Works : Bhavanipuram, Janpahad P.O., Pin:508 218. Suryapet Dist. (T.S.)
ISO 9001=1SO 14001 Phones: (08683)229503,229504,229505, 229507, Fax: (08683)229502
ISO 45001
No. CARE/NRO/GEN/2026-27/1102
The Board of Directors
Deccan Cements Limited
Deccan Chambers, 6-3-666/B
Somajiguda
Hyderabad
Telangana 500082
August 12, 2026
Dear Sir/Ma’am,
Monitoring Agency Report for the quarter ended June 30, 2026 - in relation to the Preferential issue of
Deccan Cements Limited (“the Company”)
We write in our capacity of Monitoring Agency for the Preferential issue for the amount aggregating to Rs. 102.99
crore of the Company and refer to our duties cast under Regulation 162A of the Securities & Exchange Board of
India (Issue of Capital & Disclosure Requirements) Regulations.
In this connection, we are enclosing the Monitoring Agency Report for the quarter ended June 30, 2026 as per
aforesaid SEBI Regulations and Monitoring Agency Agreement dated June 23, 2026.
Request you to kindly take the same on records.
Thanking you,
Yours faithfully,
Mr. Sahil Goyal
Associate Director
sahil.goyal@careedge.in
Report of the Monitoring Agency
Name of the issuer: Deccan Cements Ltd
For quarter ended: June 30, 2026
Name of the Monitoring Agency: CARE Ratings Limited
(a) Deviation from the objects: Nil
(b) Range of Deviation: Not Applicable
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the
objects of the issue based on the information provided by the Issuer and information obtained from sources
believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent
verification of any information/ certifications/ statements it receives. This Report is not intended to create any
legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use
of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any
security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be
construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user
of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies
Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report
pertains and may receive separate compensation for its ratings and certain credit related analyses. We confirm
that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the
issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where
applicable. There are certain sections of the report under the title “Comments of the Board of Directors”, that shall
be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA
submitting their report to the issuer and before dissemination of the report through stock exchanges. These
sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s
Management/Board.
Signature:
Name and designation of the Authorized Signatory: Sahil Goyal
Designation of Authorized person/Signing Authority: Associate Director
1) Issuer Details:
Name of the issuer : Deccan Cements Ltd
Name of the promoter : Ms. P. Parvathi
Industry/sector to which it belongs : Cement & Cement Products
2) Issue Details
Issue Period : June 25, 2026
Type of issue (public/rights) : Preferential issue
Type of specified securities : Compulsory Convertible debentures
IPO Grading, if any : Not Applicable
Issue size (in crore) : Rs. 102.99 crore
3) Details of the arrangement made to ensure the monitoring of issue proceeds:
Source of information / Comments of
certifications considered by Comments of the the
Particulars Reply
Monitoring Agency for Monitoring Agency Board of
preparation of report Directors
During Q1FY27, the company No comments
CA certificate*, Management has utilized the proceeds received
Whether all utilization is as per the disclosures in the
Yes Certificate, Bank statements, towards repayment of
Offer Document?
Offer Document borrowing in line with offer
document.
Whether shareholder approval has been obtained in case No comments
of material deviations# from expenditures disclosed in the Not Applicable Not Applicable Not Applicable received
Offer Document?
Whether the means of finance for the disclosed objects of Bank statements, Offer No comments
No Nil
the issue have changed? Document received
Is there any major deviation observed over the earlier Bank statements, Offer Not Applicable. This is the first No comments
monitoring agency reports? Document Monitoring agency report. received
Whether all Government/statutory approvals related to No comments
Not Applicable Not Applicable Nil
the object(s) have been obtained? received
Whether all arrangements pertaining to technical No comments
Not Applicable Not Applicable Nil
assistance/collaboration are in operation? received
Are there any favorable/unfavorable events affecting the No comments
No Management Certificate Nil
viability of these object(s)? received
Is there any other relevant information that may materially No Management Certificate Nil No comments
Source of information / Comments of
certifications considered by Comments of the the
Particulars Reply
Monitoring Agency for Monitoring Agency Board of
preparation of report Directors
affect the decision making of the investors? received
* CA certificate dated July 24, 2026 from M.Anandam & Co.
#Where material deviation may be defined to mean:
a) Deviation in the objects or purposes for which the funds have been raised
b) Deviation in the amount of funds actually utilized by more than 10% of the amount projected in the offer documents.
4) Details of objects to be monitored:
(i) Cost of objects –
Source of information / Comments of the Board of Directors
Original cost Comments
certifications Revised Particulars of
Sr. Item (as per the Offer of the Reason for Proposed
considered by Cost -firm
No Head Document) in Rs. Monitoring cost financing
Monitoring Agency for in Rs. Crore arrangements
Crore Agency revision option
preparation of report made
Repayment of secured
CA certificate*,
term loans availed from
1 Management Certificate 102.99 NA NA NA NA NA
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