Deccan Cements Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 23, 2025
DECCANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Deccan Cements held its 45th AGM on September 23, 2025 via video conferencing, with 113 of 12,431 shareholders present. For FY 2024-25, the company reported weak performance, with cement sales falling 27.49% to 13.90 Lakh MTs and total turnover dropping 34.08% to Rs. 526.98 Crores, attributed to general elections, extended monsoon, weak government spending, and slow project execution. Profit After Tax declined sharply by about 80% to Rs. 7.53 Crores, while EBITDA fell 53% to Rs. 51.58 Crores. Despite the weak results, the board recommended a 12% dividend (Re. 0.60 per share). The company is expanding cement capacity by 1.8 million tons, with the new Line-III expected to commence by end of 2025, taking total capacity to 4.00 MTPA. Voting results will be communicated to the exchanges on September 24, 2025.
Sharp declines in revenue and profits point to a challenging year, but the continued dividend payout and forward-looking capacity expansion signal management's confidence in recovery. The near-term stock sentiment may remain weak given the steep profit fall, with the capacity ramp-up and expected GST cut on cement from 28% to 18% being key catalysts to watch.