Deccan Cements Limited has informed the Exchange regarding a press release dated March 09, 2026, titled "PUBLIC NOTICE".
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Deccan Cements has published a Public Notice in several newspapers (Deccan Chronicle, Eenadu, Namaste Telangana, Andhra Jyothi, Velugu) responding to what it calls defamation efforts by a former employee, Mr. Pasupuleti Suresh Babu. The company states he was asked to resign for behavioural reasons and then refused to vacate company quarters for 22 months, requiring police involvement. It claims he has been filing repeated frivolous cases against the company in forums like the National Green Tribunal (NGT) and the Telangana High Court, all of which have been dismissed as baseless. The notice also highlights the company's environmental credentials, including ISO 9001, 14001, and 45001 certifications and a 5-Star rating from the Ministry of Mines. Deccan Cements is asking stakeholders and media outlets to disregard the ex-employee's allegations.
This is a defensive public communication and is unlikely to have a direct material effect on the stock price. However, it signals ongoing reputational and legal friction with a former employee, which investors may want to monitor. The strong environmental credentials highlighted may help reassure investors concerned about ESG-related risks.