Deccan Cements Ltd Withdraws NCD Rating Exercise After Expansion Project Completion
Deccan Cements Ltd has withdrawn the exercise of obtaining a credit rating for proposed Non-Convertible Debentures (NCDs), which were initially planned for an issue size up to Rs. 50 Crores to support the company's expansion project.The decision to withdraw the fundraising plan through NCDs was made after the completion of the expansion project. The company stated that the project concluded within the proposed budget, and a reduction in Capital Cost and Term Loan led the management to drop the intention to raise funds via NCDs. This information was conveyed to Infomerics Valuation and Rating Limited in a letter dated March 30, 2026.
Despite this communication regarding the withdrawal of the plan, the rating agency proceeded with a review of the proposed NCDs and assigned an outlook reflecting the situation.
Credit Rating Status for Deccan Cements Ltd
The following table outlines the credit rating details from Infomerics Valuation and Rating Limited prior to and subsequent to the company's decision regarding the proposed NCD issuance.| Metric | Earlier Rating (Prior to Withdrawal) | Current Rating (Post-Review) |
|---|---|---|
| Credit Rating | IVR BBB+/ Positive | IVR BBB-/Negative |
| Rating Action | New | Review |
| Date of Credit Rating | 23-09-2025 | 09-06-2026 |
| Verification Date | 23-09-2025 | 09-06-2026 |
Deccan Cements Ltd had initially planned to raise the funds through NCDs for the expansion project. However, given the successful completion of the project within budget and reduced Capital Cost and Term Loan requirements, the company decided not to proceed with the NCD issuance.
DECCANCE Stock Price Movement
Deccan Cements Limited shares settled lower today, shedding 0.35% to close at ₹572.95. The security saw a trading volume of 4,875 shares throughout the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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