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Deccan Cements Ltd. Company History and Annual Growth Details

YEAR EVENTS
1979 - The Company was incorporated on 31st July 1979 at Hyderabad. It
was promoted by M. Bangar Raju & Seker. It manufactures cement.

1981 - 4,65,000 shares subscribed for by promoters, etc. 1,95,000
shares taken up by APIDC. 9,90,000 shares offered at par to the
public in Oct. 1981.

1983 - 33,50,280 prem. Rs 34 per shares to share holders Dec.

1984 - The companies decided to modernise its plant by introducting the
latest reinforced suspension preheater technology from Onoda
Engineering Co. Ltd., Japan was supplying technical know for the
company's project involving installation of precalcinator
balancing equipments for enhancing the Capacity.

- In addition, the company undertook a scheme for energy
conservation by installation of 'O' SEPA equipment.

1987 - The Company received a letter of intent for enhancing the
capacity from 99,000 tonnes to 1,98,000 tonnes per annum by the
installation of precalcinator/balancing equipments.

1990 - The plant was shut down for 3 months for implementation of the
modernisation-cum-expansion scheme. The profit margins continued
to be under pressure on account of severe and unscheduled power
cuts, increase in power tariff and high cost of captive power
generation.

- The modernisation-cum-expansion scheme was not commissioned in
time due to the delay in securing additional power connection and
additional coal linkage. The modernisation-cum-expansion scheme
was implemented in August 1991.

1984 - They signed a Memorandum of understanding with state Industries
and Investment corporation of Maharashtra Ltd. for setting up a
5,00,000 tonnes per annum Cement plant in Chandrapur district of
Maharashtra in the joint sector. A separate district named
Deccan Cements Maharashtra Ltd. was therafter proposed to be
incorporated for this purpose no further progress was reported
therafter.

1992 - In November, the Company offered 8,25,000-15% secured redeemable
partly convertible debentures of Rs 100 each at par to the equity
shareholders on rights basis in the ratio of 1 debenture : 2
equity shares held.

- Another 41,250 -15% partly convertible debentures of Rs 100 each
were offered to the employees of the Company on an equitable
basis.

- Part 'A' Rs 40 of each debenture was to be converted into one
equity shares of Rs 10 each at a premium of Rs 30 per share on
the expiry of 6 months from the date of allotment of debentures.

- Part 'B' of Rs 60 of each debenture was to be redeemed at a
premium of 5% in three equal instalments on the expiry of the 6th
7th and 8th years from the date of allotment.

1993 - The company issued 8,25,000 party convertible debentures of Rs
100 each as Rights basis in proportion (all were taken up).

- Another 26,875-15% debentures were allotted to the employees.
However shares arising thereof were not subscribed by employees
hence were cancelled.

- Part A of Rs 40 was converted into 1 equity share of Rs 10 at a
premium of Rs 30 per share on 19th July, 1993. Part B of Rs 60
was to be redeemed in equal instalments of Rs 21 each at the end
of 6th, 7th & 8thu year from date of allotment i.e.19.01.93.

1994 - 6,00,000 shares issued to corporate body on private placement
basis. 4,00,000 No. of equity shares allotted on private
placement basis to shareholders of DCL Polyesters Ltd. 35,01,875
bonus equity shares issued in proportion 1:1.

1995 - The Company commissioned a 0.9 Mw Wind Farm project at Ramagiri,
Ananthapur Dist., A.P.

1996 - The Mini Hydel Project at Narasaraopet was commissioned on 10th
August 1996. For this, the Company had entered into an agreement
with AP State Electricity Board for implementary 3.75 MW capacity
mini hydel powre project at Guntur branch canal, Narasaraopet,
A.P.

1997 - As a part of its expansion programme, the company undertook to
convert a few extruder lines into direct spinning lines and also
to instal four additional spinning lines to utilise the poly
plant.

2001 - The Company has signed an agreement with CDSL, NSDL and Karvy Consultants
Ltd, Hyderabad for dematerialisation.


2009

- Deccan Cements Ltd has informed that Sri. J Narayanamurthy has been appointed as Additional Director with effect from June 23, 2009.

2010

- Deccan Cements Ltd has informed that Mr. K. P. Singh has been appointed as an Additional Director with effect from May 28, 2010.
 
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