Deccan Cements to raise ₹103 Crore via CCDs on preferential basis
Deccan Cements will raise ₹103 crore by issuing 14,40,559 Compulsorily Convertible Debentures (CCDs) at ₹715 each. Funds will repay loans. Voting for this preferential issue occurs from May 15 to June 13, 2026. The allotment won't change company control.
The fundraise of ₹103 crore is significant for repaying debt, which can improve the company's financial health. However, it is a preferential allotment and does not immediately alter the company's control structure, hence the medium impact.
The company is raising capital through CCDs to repay loans, which is a positive step towards strengthening its financial position and supporting business operations.
Deccan Cements Limited announced its intention to raise ₹103 crore through the issuance of Compulsorily Convertible Debentures (CCDs) on a preferential basis. The funds raised will be utilized for repaying existing term loans and related liabilities.
The company plans to issue up to 14,40,559 CCDs at a price of ₹715 per CCD. These CCDs are convertible into equity shares of ₹5 face value each, at a conversion price of ₹715 per equity share, including a premium of ₹710. The conversion is to take place within 18 months from the allotment date. The relevant date for determining the pricing is May 14, 2026.
The Postal Ballot Notice and Calendar of Events for this process were shared on May 14, 2026. The notice was sent to members as of the cut-off date, May 8, 2026. Voting will commence on May 15, 2026, at 9:00 AM and conclude on June 13, 2026, at 5:00 PM. The results are expected to be declared on June 14, 2026.
The proposed allotment will not result in any change in the control of the company. The allottees will collectively hold 9.33% of the post-preferential issue capital. The Board of Directors has recommended the special resolution for approval by the members.
What to do with a filing like this
Deccan Cements Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Deccan Cements Limited. Read the original for the full detail.