Deccan Cements seeks shareholder approval via postal ballot for preferential issuance of Compulsorily Convertible Debentures (CCDs) aggregating ₹103 crore.
The CCDs will be issued to non-promoter investors at ₹715 each, carrying 6% annual coupon and convertible into equity shares within 18 months at 1:1 ratio.
Proceeds will be utilized for repayment of existing term loans and related liabilities, with post-issue public shareholding increasing from 43.75% to 49%.
Voting period runs from 15 May to 13 June 2026, with results declaration scheduled for 14 June 2026.