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History of Deccan Cements Ltd.

YEAR EVENTS 1979 - The Comp. was incorporated on 31st July 1979 at Hyderabad. It was promoted by M. Bangar Raju and 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 project involving installation of precalcinator balancing equipments for enhancing the Capacity.

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

1987 - The Comp. 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 Acc. of severe & unscheduled power cuts, increase in power tariff & 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 & Investment corporation of Maharashtra limited 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 limited was therafter proposed to be incorporated for this purpose no further progress was reported therafter.

1992 - In November, the Comp. 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 Comp. 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 6th 7th & 8th years from the date of allotment.

1993 - The Comp. issued 8,25,000 party convertible debentures of Rs 100 each as Rights basis in proportion [all were taken ups].

- 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 and 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 limited 35,01,875 bonus equity shares issued in proportion 1:1.

1995 - The Comp. 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 Comp. 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 Comp. undertook to convert a few extruder lines into direct spinning lines & also to instal four additional spinning lines to utilise the poly plant.

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