The Exchange has sought clarification from Deccan Cements Limited with respect to recent news item captioned JK Lakshmi, Chettinad in race to acquire Deccan Cements amid Andhra infrastructure push: Report. The response from the Company is attached.
DECCANCE · price
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On the reaction day the stock moved 2.5 pts more than Nifty Microcap 250 and 1.7 pts more than its Cement & Cement Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
BSE and NSE asked Deccan Cements to clarify on a Moneycontrol news report (July 25, 2025) claiming that JK Lakshmi Cement and Chettinad Cement are in the race to acquire Deccan Cements at an enterprise value of around $360 million (Rs 3,110 crore). The stock had moved up 3.93% on July 25, rising from Rs 1,048.75 to Rs 1,090.00. In its response, Deccan Cements stated that it is not privy to any such discussions and cannot comment on the news item. The company further clarified that there is no material information or pending announcement that could explain the price or volume movement in its shares, and said the news article has no impact on the company.
The company has denied awareness of any acquisition talks, which may cool the recent 3.93% stock price rally triggered by the speculative news report. Investors should note this is a formal denial rather than a confirmed transaction, and further price action could follow if the rumour is later validated or refuted by the prospective acquirers.