Loan & Debt12 Aug 2026, 07:03 pm
Deccan Cements: ₹102.99 Cr CCD Fund Utilisation Report Filed
AI Summary
Deccan Cements Ltd has filed its Monitoring Agency Report for the quarter ended June 30, 2026, detailing the utilization of funds raised through Compulsorily Convertible Debentures (CCDs) via preferential issue. The total issue size was ₹102.99 crore. CARE Ratings Limited, the monitoring agency, confirmed that the funds were utilized for the repayment of secured term loans, as per the offer document. There were no deviations from the stated objects of the issue. This report is in compliance with SEBI (ICDR) Regulations, 2018 and SEBI (LODR) Regulations, 2015.
Key Highlights
- Deccan Cements utilized ₹102.99 crore from CCD preferential issue.
- Funds were used for repayment of secured term loans.
- No deviation from the objects of the issue was reported.
- CARE Ratings acted as the Monitoring Agency.
- Report covers utilization for the quarter ended June 30, 2026.
Price Impact
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