Announced Wed, 26 Aug, 2026 · 17:56 IST
Rating downgraded on withdrawn NCD proposal, company disputes it
DECCANCE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.7%1-day move
₹579.75
prior close
₹579.75
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0-1.0-1.0-0.8-1.7-0.5-0.3-1.5-2.5-0.7-2.5-6.7——
Up moveDown movePending
AI summary
Deccan Cements had planned to raise up to Rs 50 crore through NCDs for an expansion project. The expansion was completed within budget, and the company dropped the NCD plan on 30 March 2026. Despite this, Infomerics reviewed and downgraded its rating from IVR BBB-/Negative to IVR BB+/Negative, both tagged as Issuer Not Cooperating. The company disputes the rating, saying the NCD proposal was already withdrawn.
Likely market impact
Downgrade to BB+ (junk grade) may hurt borrowing costs and sentiment, though company says the rating is moot as the NCD plan was dropped.