Deccan Cements Board Approves Rs 660 Crore Fundraising

Board approved raising Rs 660 crore via NCDs (Rs 557 crore) and CCDs (Rs 103 crore) to repay outstanding term loans and liabilities.
CCDs of Rs 103 crore to be issued to five Neo Credit funds, convertible to equity shares at Rs 715 per share within 18 months.
Postal ballot process initiated for shareholder approval of CCD issuance, with voting from May 15 to June 13, 2026.
NCDs will be secured by first charge on fixed assets and mortgage on newly purchased land in Visakhapatnam, Andhra Pradesh.