Deccan Cements Ltd. - Annual Report 2025

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DCL:SECY:2025

Date: 30[th] August 2025

BSE Limited Corporate Relationship Department Phiroze Jeejebhoy Towers Dalal Street, Mumbai-400 001

National Stock Exchange of India Ltd Exchange Department Exchange Plaza, Plot No. C/1, G Block Bandra Kurla Complex, Bandra (East) Mumbai-400 051

Security Code: 502137

Trading Symbol: DECCANCE

Dear Sir,

Subject: 45[th] Annual Report 2024-25. Notice of 45[th] Annual General Meeting (AGM).

Ref: Regulation 34 of SEBI (LODR) Regulations, 2015.

This is to inform you that the 45[th] Annual General Meeting (AGM) of the Company is scheduled to be held on Tuesday, 23[rd] September 2025 at 11:00 AM (IST) through Video Conferencing ('VC') facility or other audio visual means ('OAVM'), in accordance with the circulars/notifications issued by Ministry of Corporate Affairs and Securities and Exchange Board of India.

Pursuant to the provisions of Regulation 34 of the SEBI (LODR) Regulations, 2015, please find enclosed 45[th] Annual Report 2024-25 (including Notice of 45[th] Annual General Meeting) of the Company.

Today the Company is going to send the 45[th] Annual Report 2024-25 (including Notice of the 45[th] AGM) by e-mail (electronic mode) to those Members whose email addresses are registered with the Depository Participants (“DPs”) / Company’s Registrars and Share Transfer Agent (“RTA”), and a letter containing the web-link of the Annual Report to those Shareholder(s) who have not so registered their email address, as on 22[nd] August 2025.

The 45[th ] Annual Report 2024-25 (including Notice of the 45[th] AGM) of the Company is available on Company’s website and can be accessed through:

Web-link QR Code https://deccancements.com/pdf/deccan-cements-ltd-45th-annual-report.pdf

Thank you, With regards, For Deccan Cements Limited

Digitally signed by BIKRAM KESHARI BIKRAM KESHARI PRUSTY PRUSTY Date: 2025.08.30 10:28:42 +05'30'

Bikram Keshari Prusty Company Secretary Enclosure: 45[th] Annual Report 2024-25 (including Notice of the 45[th] AGM).

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45[th] Annual Report 2024-25

Deccan Cements Limited Corporate Information

Board of Directors

Ms. P.Parvathi Mr. S.Venkateswarlu Mrs. Mahpara Ali Mr. Paturi Srinivasa Rao Mr. Rabindra Srikantan Mr. Srivari Chandrasekhar

Chairperson & Managing Director Whole Time Director Director Director Director Director

Senior Management

Mr. D.Raghava Chary Mr. Bikram Keshari Prusty

Chief Financial Officer (CFO) Company Secretary

Bankers

State Bank of India HDFC Bank Canara Bank Bank of Bahrain and Kuwait B.S.C Axis Bank IndusInd Bank IDBI Bank

Statutory Auditors

M Anandam & Co. Chartered Accountants 7'A', Surya Towers, S.P. Road, Secunderabad - 500 003

Secretarial Auditors

V. Shankar & Co., Company Secretaries 303, Block - A, Legend Commercial Complex, 3-4-770 & 136, Opp ICICI Bank, Barkatpura, Hyderabad - 500027

Registrar and Share Transfer Agent

KFin Technologies Limited. Selenium Tower B Plot number 31 & 32 Financial District, Gachibowli Hyderabad - 500 032 E-mail id: [email protected] Toll free no: 1800-309-4001

Cost Auditors

Aruna Prasad & Co. Cost Accountants Plot No. 802/2, 64[th] Street, 10[th] Sector K K Nagar, Chennai - 600 078

Registered Office

"Deccan Chambers" 6-3-666/B, Somajiguda Hyderabad - 500 082 Tel: 040-23310168 E-mail: [email protected] Website: www.deccancements.com CIN: L26942TG1979PLC002500

Annual Report 2024-25

Page	Nos.
Notice	03
Directors’ Report	23
Management Discussion and Analysis Report	46
Business Responsibility Report	50
Corporate Governance Report	62
CEO and CFO Certifcation	81
Standalone Independent Auditor’s Report	83
Standalone Financial Statements	97
Consolidated Independent Auditor’s Report	155
Consolidated Financial Statements	165

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Annual Report 2024-25

NOTICE

NOTICE

NOTICE is hereby given that the 45[th] Annual General Meeting of the members of Deccan Cements Limited will be held on Tuesday, 23[th] September 2025 at 11:00 A.M. through Video Conferencing (“VC”)/ Other Audio-Visual Means (“OAVM”), to transact the following businesses:

ORDINARY BUSINESSES:

“RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions, if any, of the Companies Act, 2013, Mr. Shonti Venkateswarlu (DIN: 08602254), who retires by rotation at this meeting, and being eligible, offers himself for re-appointment, be and is hereby reappointed as a Director of the Company.”

SPECIAL BUSINESSES:

1. To consider and adopt the Audited Standalone and Consolidated financial statements of the Company for the financial year ended 31[st] March 2025 and the reports of the Board of Directors and Auditors thereon, and in this regard, to consider and if thought fit to pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT the Standalone and Consolidated audited financial statements of the Company for the financial year ended 31[st] March 2025 and the reports of the Board of Directors and Auditors thereon, as circulated to the members, be and are hereby considered and adopted.”

2. To consider declaration of final dividend for FY 2024-25, and in this regard, to consider and if thought fit to pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT a final dividend at the rate of 12% i.e. Re.0.60 paisa per equity share of face value of Rs.5/- each, as recommended by the Board of Directors, be and is hereby approved for the financial year 2024-25, and the same be paid to all the members whose names appear in the Register of Members and Beneficial Owners of the Company as on the Record date (16[th] September 2025, Tuesday) .”

3. To consider re-appointment of Mr. Shonti Venkateswarlu (DIN: 08602254) as Director, who retires by rotation, and in this regard, to consider and if thought fit to pass the following resolution as an Ordinary Resolution:

4. To consider and ratify Cost Auditor’s remuneration for the Financial Year 2025-26, and in this regard, to consider and if thought fit to pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to Section 148 and other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Audit and Auditors) Rules, 2014 as amended from time to time, the Company hereby ratifies the remuneration of Rs.2,00,000/- (Rupees Two Lakhs only) plus reimbursement of travelling and out of pocket expenses payable to M/s. Aruna Prasad & Co., Cost Accountants, Chennai, who have been appointed by the Board of Directors as Cost Auditors of the Company, to conduct the audit of the cost accounting records of the Company for the Financial Year 2025-26.”

5. To consider and appoint Secretarial Auditor of the Company, and in this regard, to consider and if thought fit to pass the following resolution as an Ordinary Resolution:

“RESOLVED THAT pursuant to the provisions of Section 204 and other applicable provisions, if any, of the Companies Act, 2013 and the Companies (Appointment and Remuneration of Managerial Personnel) Rules 2014 (including any statutory modification(s) or re-enactment thereof, for the time being in force), read with Regulation 24A of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time to time, pursuant to

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Annual Report 2024-25

NOTICE

recommendation of the Audit Committee and the Board of Directors, consent of the members of the Company be and is here by accorded for appointment of M/s. V. Shankar & co., Practicing Company Secretaries, Hyderabad (FCS-7638,CP-8446, Peer review Certificate No. 1066/2021) as the Secretarial Auditors of the Company for conducting Secretarial Audit and issue the Secretarial Compliance Report for a period of 5 (Five) consecutive years from the conclusion of this 45[th] Annual General Meeting till the conclusion of the 50[th] Annual General Meeting (i.e., from FY 2025-26 to FY 2029-30), on such remuneration as recommended / may be recommended by the Audit Committee and

mutually agreed between the Board of Directors of the Company and Secretarial Auditors from year to year.

RESOLVED FURTHER THAT any of the Directors or Key Managerial Personnel of the Company, be and are hereby severally authorised to do all acts and take all steps, as may be necessary, proper or expedient, to give effect to this resolution.”

By Order of the Board Sd/Bikram Keshari Prusty Place: Hyderabad Company Secretary Date: 12[th] August 2025 FCS 7855

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Annual Report 2024-25

NOTICE

Notes:

The Ministry of Corporate Affairs (“MCA”) has vide its Circular No. 09/2024 dated 19[th] September 2024 read together with Circular No. 09/2023 dated 25[th] September 2023, Circular No. 10/2022 dated 28[th] December 2022, Circular No. 02/2022 dated 5[th] May 2022, Circular No. 21/2021 dated 14[th] December 2021, Circular No. 19/2021 dated 8[th ] December 2021, Circular No. 2/2021 dated 13[th] January 2021, Circular No. 20/2020 dated 5[th] May 2020 (collectively referred to as “MCA Circulars”), permitted to convene the Annual General Meeting (“AGM” / “Meeting”) through Video Conferencing (“VC”) / Other Audio Visual Means (“OAVM”), without the physical presence of the members at a common venue. In accordance with the MCA Circulars read with provisions of the Companies Act, 2013 (‘the Act’), the AGM of the Company is being held through VC / OAVM. The deemed venue for the AGM shall be the Registered Office of the Company at “Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad-500082, Telangana, India.
In compliance with the above stated MCA Circulars, and SEBI Circular Nos. SEBI/HO/ CFD/CFD-PoD-2/P/CIR/2024/133, dated 3[rd] October 2024,

SEBI/HO/CFD/PoD-2/P/CIR/2023/4, dated 5[th] January 2023,

SEBI/HO/CFD/CMD2/CIR/P/2022/62, dated 13[th] May 2022,

SEBI/HO/CFD/CMD2/CIR/P/2021/11, dated 15[th] January 2021,

SEBI/HO/CFD/CMD1/CIR/P/2020/79, dated 12[th] May 2020,

(collectively referred to as “the SEBI Circulars”) read with provisions of the SEBI (LODR) Regulations, 2015, Notice of the 45[th] AGM along with the Annual Report 2024-25 is being sent through electronic mode only, to those Members whose email addresses are registered with the Company/ Depositories, and a letter containing the web-link of the Annual Report to those

Shareholder(s) who have not so registered their email address. Members may note that the Notice of the 45[th] AGM and Annual Report 2024-25 will also be available on the Company’s website www.deccancements.com, websites of the Stock Exchanges, i.e., BSE Limited, and National Stock Exchange of India Limited at www.bseindia.com and www.nseindia.com respectively, and on the website of Company’s Registrar and Transfer Agent, Kfin Technologies Limited (“KFinTech”) at https://evoting.Kfntech. com.

Generally, a member entitled to attend and vote at the general meeting is entitled to appoint a proxy to attend and vote on a poll instead of him/her and the proxy need not be a member of the Company. Since this 45[th ] AGM is being held through VC/OAVM, pursuant to the MCA and SEBI Circulars, physical attendance of members has been dispensed with. Accordingly, the facility for appointment of proxies by the members will not be available for the 45[th ] AGM and hence the Proxy Form and Attendance Slip are not annexed hereto.
Since the 45[th] AGM will be held through VC/ OAVM, the route map of the venue of the Meeting is not annexed hereto.
In terms of the provisions of Section 152 of the Act, Mr. Shonti Venkateswarlu (DIN: 08602254), Director, retires by rotation at the Meeting, and being eligible, offers himself for re-appointment. The Board of Directors of the Company recommends appointing his as a Director.
Pursuant to Regulations 36(3) of SEBI Listing Obligation and Disclosure Requirements) Regulations, 2015, Section 160 of the Companies Act, 2013 and Secretarial Standards on General Meetings (SS-2), details of Directors retiring by rotation / seeking appointment / reappointment at this Meeting are provided in the “Annexure” to the Notice.
Pursuant to the provisions of Section 108 and other applicable provisions, if any, of the Companies Act, 2013 read with the Companies (Management and Administration) Rules, 2014,

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NOTICE

as amended, and Regulation 44 of SEBI (LODR) Regulations, 2015, and in terms of SEBI circular no. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated 9[th] December 2020, the Company is providing to its members facility to exercise their right to vote on resolutions proposed to be passed at 45[th] AGM by electronic means (“e-voting”). For this purpose, the Company has engaged the services of KFin Technologies Limited, (“KFinTech”) Selenium Building, Tower B, Plot No. 31 & 32, Financial District, Nanakramguda, Serilingampally Mandal, Hyderabad – 500032, Telangana, India, and has made necessary arrangements with RTA to facilitate E-voting. In terms of the MCA and SEBI Circulars, voting can be done only by Remote E-voting/E-voting at the AGM. The Members are advised to go through the E-voting procedure, as provided in the Notice.

The Board of Directors has fixed 16[th] September 2025, Tuesday , as the Cut-off Date to know the eligibility of members entitled to participate and/ or vote at the 45[th] AGM.

PROCEDURE FOR JOINING THE AGM THROUGH VC / OAVM:

The Company has made necessary arrangements for the members to participate in the 45[th] AGM through VC / OAVM.
(a) Members will be able to attend the AGM through VC / OAVM or view the live webcast at https://emeetings.kfntech.com/ by using their e-voting login credentials.

Members are requested to follow the procedure given below:

(i) Launch internet browser (chrome/ firefox/safari) by typing the URL: https://emeetings.kfntech.com/
(ii) Enter the login credentials (i.e., User ID and password for e-voting).
(iii) After logging in, click on “VIDEO CONFERENCE” option
(iv) Then click on camera icon appearing against AGM event of Deccan Cements Limited to attend the Meeting.
b) Members who do not have User ID and Password for e-voting or have forgotten the User ID and Password may retrieve the same by following the procedure given in the E-voting instructions.
c) Members who would like to express their views or ask questions during the AGM may register themselves by logging on to https:// emeetings.kfntech.com/ and clicking on the ‘ SPEAKER REGISTRATION ’ option available on the screen after log in. The Speaker Registration will be open during 9:00 A.M. (IST) on 19[th] September 2025, Friday to 5:00 P.M. on 21[st] September 2025, Sunday . Only those members who have registered themselves will be allowed to express their views or ask questions. The Company reserves the right to restrict the number of questions and number of speakers, depending upon availability of time as appropriate for smooth conduct of the AGM.
d) Members may post their query by logging on to https://emeetings.kfntech.com/ and clicking on the ‘ POST YOUR QUERY ’ option available on the screen after log in. The said option will be available during 9:00 A.M. (IST) on 19[th] September 2025, Friday to 5:00 P.M. on 21[st] September 2025, Sunday .
e) Facility to join the meeting shall be opened 30 minutes before the scheduled time of the 45[th] AGM and shall be kept open throughout the proceedings of the 45[th] AGM.
f) In case of any query regarding e-voting or technical assistance for VC/OAVM participation, members may contact Mr. G. Sankar, an official of KFintech, at telephone number: 040-67162222 or the toll free number 1800-309-4001 or at email: [email protected]. Kindly quote your name, DP ID-Client ID / Folio no. and E-voting Event Number 9069 in all your communications.

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Annual Report 2024-25

NOTICE

In case of joint holders attending the Meeting, only such joint holder who is higher in the order of names will be entitled to vote at the AGM.
Members attending the AGM through VC/OAVM shall be reckoned for the purpose of quorum under Section 103 of the Act.
Members of the Company under the category of Institutional Investors are encouraged to attend and vote at the AGM.

PROCEDURE FOR REMOTE E-VOTING:

In compliance with the provisions of the Act, the Rules made thereunder, Listing Regulations and the relevant circular(s) issued by MCA and SEBI, the members are provided with the facility to cast their vote electronically, through the e-Voting services provided by KFintech, on all the resolutions set forth in this Notice. The instructions for e-Voting are given herein below.
In pursuant to the SEBI circular no. SEBI/HO/ CFD/CMD/CIR/P/2020/242 dated 9[th] December 2020 on “e-Voting facility provided by Listed Companies”, e-Voting process has been enabled to all the individual demat account holders, by way of single login credential, through their demat accounts/websites of Depositories/ Depository Participant(s) (‘DPs’) in order to increase the efficiency of the voting process.
Individual demat account holders would be able to cast their vote without having to register again with the e-Voting service provider (ESP) thereby not only facilitating seamless authentication but also ease and convenience of participating in e-voting process. The members are advised to update their mobile number and e-mail ID with their DPs to access e-Voting facility.
The remote e-voting facility will be available during the following voting period:

Commencement of remote e-voting	20th September 2025, Saturday @ 9:00 A.M.(IST)
End of remote e-voting	22nd September 2025, Monday@ 5:00 P.M.(IST)

The voting rights of members shall be in proportion to their shares in the paid-up equity share capital of the Company as on the cut-off date , i.e., 16[th] September 2025, Tuesday .
The Board of Directors of the Company has appointed Mr. V. Shankar, Practicing Company Secretary (Membership No. FCS: 7638 and CP: 8446), failing him Ms. P. V. Sindhuja, Practicing Company Secretary (Membership No. ACS: 58410 and CP: 25742) as the Scrutinizer to scrutinize the remote e-voting and e-voting process in a fair and transparent manner and they have communicated their willingness to be appointed and will be available for the said purpose. Scrutinizer’s decision on the validity of the E-voting will be final.
Any person holding shares in physical form and non-individual shareholders, who acquires shares of the Company and becomes a member of the Company after sending the Notice and holding shares as of the cut-off date, may obtain the login ID and password by sending a request at “[email protected]”. However, if he/she is already registered with KFintech for remote e-voting then he/she can use his/her existing User ID and password for casting the vote.
In case of individual members holding securities in demat mode and who acquires shares of the Company and becomes a member of the Company after sending the Notice and holding shares as of the cut-off date may follow steps mentioned below under “Login method for remote e-Voting and joining virtual meeting for Individual shareholders holding securities in demat mode.”
The options for remote e-voting and voting during annual general meeting (AGM) are explained herein below:
Option-1: Access to Depositories e-voting system in case of individual members holding shares in demat mode.
Option-2: Access to KFintech e-voting system in case of members holding shares in physical mode and non-individual members in demat mode.
Option-3: Access to join virtual AGM of the Company on KFintech system to participate AGM and vote at the AGM.

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NOTICE

Details of Option-1 are mentioned below:

Login method for remote e-Voting for Individual members holding securities in demat mode.

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Type of shareholders Login Methods
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Type of shareholders	Login Methods

Individual members holding securities in demat mode with NSDL	1. User already registered for IDeAS facility: I. Visit URL:https://eservices.nsdl.com II. Click on the “Benefcial Owner” icon under “Login” under ‘IDeAS’ section. III. On the new page, enterUser IDandPassword.Post successful authentication, click on “Access to e-Voting” IV. Click on “K-Fintech” under “e-Voting service providers (ESPs)” and you will be re-directed to KFintech’s e-Voting Platform. V. Select theEvent No. 9069for “Deccan Cements Limited” from dropdown menu, and click on the “Submit” button during the remote e-Voting period to cast your vote. 2. User not registered for IDeAS e-Services: I. To register: Click on the linkhttps://eservices.nsdl.com, then selectRegister Online for IDeASon the left hand side of the screen or click on the link “https://eservices.nsdl.com/SecureWeb/IdeasDirectReg.jsp” II. Proceed with completing the required felds. III. Follow steps given inPoint 1(User already registered for IDeAS facility)of this Row of the Table. 3. Alternatively by directly accessing the e-Voting website of NSDL I. Click on the link:https://www.evoting.nsdl.com/ II. Click on the icon “Login” which is available under “Shareholder/Member/Creditor” section. III. A new screen will open. You have to enter your User ID (i.e. yourSixteen Digit Demat Account Numberheld with NSDL), followed by Password / OTP, and a Verifcation Code as shown on the screen. IV. After authentication, you will get message that “You will be redirected to NSDL IDeAS Portal” . Click on the hyperlink “Click hear to Continue”. V. Click on “K-Fintech” under “e-Voting service providers (ESPs)” and you will be re-directed to KFintech’s e-Voting Platform. VI. Select theEvent No. 9069for “Deccan Cements Limited” from dropdown menu, and click on the “Submit” button during the remote e-Voting period to cast your vote.
Individual Shareholders holding securities in demat mode with CDSL	1. Existing user who have opted for Easi / Easiest I. Visit URL:https://web.cdslindia.com/myeasitoken/home/login or URL:www.cdslindia.comthen click on “Login” on the right hand side top corner, select the option “My Easi New (Token)”, then click on “Login” II. Login with your registered user id and password. III. You will see the e-Voting Menu. The Menu will have links ofe-Voting service providers (ESPs),select “K-Fintech”, and you will be re-directed to KFintech’s e-Voting Platform. IV. Select theEvent No. 9069for “Deccan Cements Limited” from dropdown menu, and click on the “Submit” button during the remote e-Voting period to cast your vote.

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Annual Report 2024-25

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Type of shareholders	Login Methods

	2. User not registered for Easi/Easiest I. Option to register is available at Visit URL:https://web.cdslindia.com/myeasitoken/ home/login or URL: www.cdslindia.comthen click on “Login” on the right hand side top corner, choose “My Easi New (Token)”, then click on “Login” II. Click on “Register” II. Proceed with completing the required felds. IV. Follow the steps given inPoint 1(Existing user who have opted for Easi / Easiest)of this Row of the Table. 3. Alternatively, by directly accessing the e-Voting website of CDSL, without taking registeration for Easi/Easiest: I. Visit URL:https://evoting.cdslindia.com/Evoting/EvotingLogin II. Enter your16 digit Demat Account Numberin BOID andPAN Numberon PAN, click onSubmit. III. Enter the OTP received on your Registered Mobile and Email Id, registered with your Demat Account. IV. After successful authentication, select “KFin” under list of “e-Voting service providers (ESPs)”, you will be re-directed to KFintech’s e-Voting Platform. V. Select the event for “Deccan Cements Limited” from dropdown menu, and click on the “Submit” button duringthe remote e-Voting period to castyour vote.
Individual members login through their demat accounts / Website of Depository Participant	I. You can also login using the login credentials of your demat account through your DP registered with NSDL/CDSL for e-voting facility. II. Once logged1-in, you will be able to seeAccess to e-voting option. Once you click on e-voting option, you will be redirected to NSDL / CDSL Depository site. III. After successful authentication, you will see e-voting feature. IV. Click on “K-Fintech” under “e-Voting service providers (ESPs)” and you will be re- directed to KFintech’s e-Voting Platform. V. Select theEvent No. 9069for “Deccan Cements Limited” from dropdown menu, and click on the “Submit” button duringthe remote e-Voting period to castyour vote.

Important note: Members who are unable to retrieve User ID / Password are advised to use Forgot user ID and Forgot Password option available at respective websites.

Helpdesk for Individual Members holding securities in demat mode for any technical issues related to login through Depository i.e. NSDL and CDSL.

Login type	Helpdesk details
Securities held with NSDL	Please contact NSDL helpdesk by sending a request at call at toll free no.:1800 1020 990and1800 22 44 30	“[email protected]”or

Securities held with CDSL	Please contact CDSL helpdesk by sending a request athelpdesk.evoting@ cdslindia.comor contact at022-23058738or022-23058542-43

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NOTICE

Details of Option-2 are mentioned below:

Login method for e-voting for members other than Individuals holding securities in demat mode and members holding securities in physical mode.

(A) Members whose email IDs are registered with the Company/ Depository Participants(s), will receive an email from KFintech which will include details of E-Voting Event Number 9069 (EVEN), USER ID and password. They will have to follow the following process:
i. Launch internet browser by typing the URL:https://emeetings.kfntech.com/
ii. Enter the login credentials (i.e. User ID and password). In case of physical folio, User ID will be EVEN (E-Voting Event Number 9069), followed by folio number. In case of Demat account, User ID will be your DP ID and Client ID. However, if you are already registered with KFintech for e-voting, you can use your existing User ID and password for casting the vote.
iii. After entering these details appropriately, click on “LOGIN”.
iv. You will now reach password change Menu wherein you are required to mandatorily change your password. The new password shall comprise of minimum 8 characters with at least one upper case (A- Z), one lower case (a-z), one numeric value (0-9) and a special character (@,#,$, etc.,). The system will prompt you to change your password and update your contact details like mobile number, email ID etc. on first login. You may also enter a secret question and answer of your choice to retrieve your password in case you forget it. It is strongly recommended that you do not share your password with any other person and that you take utmost care to keep your password confidential.
v. You need to login again with the new credentials.
vi. On successful login, the system will prompt you to select the “EVEN” of the AGM” and click on “Submit”
vii. On the voting page, enter the number of shares (which represents the number of votes) as on the Cut-off Date under “FOR/ AGAINST” or alternatively, you may partially enter any number in “FOR” and partially “AGAINST” but the total number in “FOR/ AGAINST” taken together shall not exceed your total shareholding as mentioned herein above. You may also choose the option ABSTAIN. If the member does not indicate either “FOR” or “AGAINST” it will be treated as “ABSTAIN” and the shares held will not be counted under either head.
viii. Members holding multiple folios/demat accounts shall choose the voting process separately for each folio/ demat accounts.
ix. Voting has to be done for each item of the notice separately. In case you do not desire to cast your vote on any specific item, it will be treated as abstained.
x. You may then cast your vote by selecting an appropriate option and click on “Submit”.
xi. A confirmation box will be displayed. Click “OK” to confirm else “CANCEL” to modify. Once you have voted on the resolution (s), you will not be allowed to modify your vote. During the voting period, Members can login any number of times till they have voted on the Resolution(s).
xii. Corporate/Institutional Members (i.e. other than Individuals, HUF, NRI etc.) are also required to send scanned certified true copy (PDF Format) of the Board Resolution/ Authority Letter etc., authorizing its representative to attend the AGM through VC / OAVM on its behalf and to cast its vote through remote e-voting together with attested specimen signature(s) of the duly authorised representative(s), to the Scrutinizer at email id 1981shanky@ gmail.com with a copy marked to evoting@ kfntech.com. The scanned image of the above-mentioned documents should be in the naming format Corporate Name_Even.

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(B) Members whose email IDs are not registered with the Company/Depository Participants(s) are requested to register their email ID with the Company’s RTA (for physical shareholders)/ Depository (for demat shareholders). Otherwise, the Annual Report, Notice of AGM and e-voting instructions cannot be serviced.

Shareholders holding shares in physical mode, and who have not registered their email ID, shall go through the “ Information for Physical Shareholders ” section in the Company’swebsite link “https://deccancements.com/ shareholders-information.php”.

Details of Options-3 are mentioned below:

Instructions for all the members for attending the AGM of the Company through VC/OAVM and e-voting during the meeting.

i. Members will be provided with a facility to attend the AGM through VC/OAVM platform provided by KFintech. Members may access the same at https://emeetings. kfntech.com/ by using the e-voting login credentials provided in the email received from the Company/KFintech. After logging in, click on the Video Conference tab and select the EVEN of the Company. Click on the video symbol and accept the meeting etiquettes to join the meeting. Please note that the members who do not have the User ID and Password for e-Voting or have forgotten the User ID and Password may retrieve the same by following the remote e-Voting instructions mentioned above.
ii. Facility for joining AGM though VC/OAVM shall open at least 30 minutes before the commencement of the Meeting.
iii. Members are encouraged to join the Meeting through Laptops/Desktops with Google Chrome (preferred browser), Safari, Microsoft Edge and Mozilla Firefox22.
iv. Members will be required to grant access to the webcam to enable VC/OAVM. Further, members connecting from Mobile Devices or Tablets or through Laptop connecting via Mobile Hotspot may experience Audio/Video loss due to

fluctuation in their respective network. It is therefore recommended to use stable WiFi or LAN Connection to mitigate any kind of aforesaid glitches.

v. Members who have not cast their vote through remote e-voting shall be eligible to cast their vote through e-voting system available during the AGM. E-voting during the AGM is integrated with the VC/OAVM platform. The members may click on the voting icon displayed on the screen to cast their votes.
vi. A member can opt for only single mode of voting i.e., through Remote e-voting or voting at the AGM. If a Member casts votes by both modes, then voting done through Remote e-voting shall prevail and vote at the AGM shall be treated as invalid.
vii. Institutional Members are encouraged to attend and vote at the AGM through VC/ OAVM.
viii. In case of any query and/or grievance, in respect of voting by electronic means, members may contact Mr. G. Sankar at [email protected] call KFintech’s toll free No. 1-800-3094-001 for any further clarifications.
ix. The members, whose names appear in the Register of Members / list of Beneficial Owners as on 16[th] September 2025, Tuesday , being the cut-off date , are entitled to vote on the Resolutions set forth in this Notice. A person who is not a member as on the cut-off date should treat this Notice for information purposes only. Once the vote on a resolution(s) is cast by the member, the member shall not be allowed to change it subsequently.
x. In case a person has become a member of the Company after dispatch of AGM Notice but on or before the cut-off date for E-voting, he/she may obtain the User ID and Password in the manner as mentioned below:
i. If the mobile number of the member is registered against Folio No./ DP ID Client ID, the member may send

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NOTICE

SMS: MYEPWD E-Voting Event Number 9069 +Folio No. or DP ID Client ID to 9212993399

  1. Example for NSDL:

  2. MYEPWD <SPACE> IN12345612345678

  3. Example for CDSL:

  4. MYEPWD <SPACE> 1402345612345678

  5. Example for Physical:

  6. MYEPWD <SPACE> XXXX1234567890

ii. If e-mail address or mobile number of the member is registered against Folio No. / DP ID Client ID, then on the home page of https://evoting.kfntech. com/, the member may click “Forgot Password” and enter Folio No. or DP ID Client ID and PAN to generate a password.
iii. Members who may require any technical assistance or support before or during the AGM are requested to contact KFin at toll free number 1-800309-4001 or write to them at evoting@ kfntech.com.
The Scrutinizer will, after the conclusion of e-voting at the AGM, scrutinize the votes cast at the AGM (InstaPoll) and votes cast through remote e-voting, make a consolidated Scrutinizer’s Report and submit the same to the Chairperson. The result of e-voting will be declared within forty-eight hours of the conclusion of the Meeting and the same, alongwith the consolidated Scrutinizer’s Report, will be placed on the website of the Company: www. deccancements.com and on the website of KFintech at: https://evoting.kfntech.com. The result will simultaneously be communicated to the stock exchanges, where the shares of the company are listed. Subject to receipt of requisite number of votes, the Resolutions proposed in the Notice shall be deemed to be passed on the date of the Meeting, i.e., 23[rd] September 2025, Tuesday .

PROCEDURE FOR INSPECTION OF DOCUMENTS:

The Register of Directors and Key Managerial Personnel and their shareholding maintained under Section 170 of the Companies Act, 2013 read with Companies (Appointment and Qualification of Directors) Rules, 2014 the Register of Contracts or Arrangements in which the directors are interested, maintained under Section 189 of the Act, and the relevant documents referred to in the Notice will be available electronically for inspection by the members during the AGM.
All documents referred to in the Notice will also be available electronically for inspection without any fee by the members from the date of circulation of this Notice up to the date of AGM. Members seeking to inspect such documents can send an email to “secretarial@ deccancements.com”.

DIVIDEND RELATED INFORMATION:

The Board of Directors recommended final dividend on equity shares at the rate of (12%) i.e. Re.0.60 Paise per Equity Share of face value of Rs.5/- each for the Financial Year 2024-25, subject to approval of the Members at the 45[th] AGM.
The Board of Directors has fixed 16[th] September 2025, Tuesday , as the Record Date for determining the names of member(s) eligible for final dividend FY 2024-25.
The dividend, if approved, will be paid on 13[th] October 2025, Monday , to the Members whose names appear on the Company’s Register of Members as on the Record Date (i.e., 16[th] September 2025, Tuesday ), and in respect of the shares held in dematerialised mode, to the Members whose names are furnished by National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) as beneficial owners as on that date. The dividend on equity shares, if approved at the Meeting, shall be credited to the respective bank account of the members of the company on 13[th] October 2025, Monday .

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NOTICE

As per relevant Circulars, payment of dividend shall be made through electronic mode to the members who have updated their bank account details. Members holding securities in physical form should send a request in Form ISR-1 for updating their bank details to the Company’s Registrar & Share Transfer Agents.
Payment of Dividend shall be subject to deduction of tax at source (TDS) at applicable rates as notified by the Government of India.
Members are requested to notify immediately any change of address and other relevant correspondence including NECS/ECS/NEFT/ RTGS details and submission of Permanent Account Number (PAN):
i. to their Depository Participants (DPs) in respect of their electronic share accounts; and
ii. to the Company by writing to the RTA [M/s KFin Technologies Limited, (Unit: Deccan Cements Limited), Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad – 500032]

in Form ISR-1 in respect of their physical shares, if any, quoting their folio number, Banker’s name and account number to ensure prompt and safe receipt of dividend warrants.

Manner of registering mandate for receiving Dividend:
a) with the Depository Participant(s) with whom you maintain your demat accounts if shares are held in dematerialised mode by submitting the requisite documents, and
b) with the Company / RTA (KFinTech) by submitting Form ISR-1
Pursuant to the amendments introduced by the Finance Act, 2020 the Company will be required to withhold taxes at the prescribed rates on the dividend paid to its members w.e.f. April 01, 2020. No tax will be deducted on payment of dividend to the resident individual members if the total dividend paid does not exceed Rs.5,000/-. The withholding tax rate would vary depending on the residential status of the member and documents registered with the Company as follows

A. RESIDENT MEMBERS:

A.1 Tax Deductible at Source for Resident Members:

==> picture [399 x 32] intentionally omitted <==

----- Start of picture text -----

Sl Withholding
Particulars Documents required (if any)
No tax rate
----- End of picture text -----

Sl No	Particulars	Withholding tax rate	Documents required (if any)

1	Valid PAN updated in the Company’s Register of Members	10%	No document required (if no exemption is sought)
2	No PAN/Valid PAN not updated in the Company’s Register of Members	20%	No document required (if no exemption is sought)
3	Availability of lower/nil tax deduction	Rate specifed in the certifcate	Lower tax deduction certifcate issued by Income Tax Department u/s 197 of Income Tax Act, 1961

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A.2 No Tax Deductible at Source on dividend payment to resident members if the Members submit and register following documents as mentioned below table with the Company / KFinTech (RTA).

==> picture [399 x 24] intentionally omitted <==

----- Start of picture text -----

Sl Withholding
Particulars Documents required (if any)
No tax rate
----- End of picture text -----

Sl No	Particulars	Withholding tax rate	Documents required (if any)

1	Submission of form 15G/15H	Nil	Declaration in Form No. 15G (applicable to any person other than a company or a frm) / Form 15H (applicable to an Individual who is 60 years and above), fulfllingcertain conditions
2	Members to whom section 194 of the Income Tax, 1961 does not apply such as LIC, GIC, etc.	Nil	Documentary evidence that the said provisions are not applicable
3	Member covered u/s 196 of Income Tax Act, 1961such as Government, RBI, Corporations established by Central Act, and Mutual Funds.	Nil	Documentary evidence for coverage u/s 196 of Income Tax Act, 1961
4	Category I and II Alternative Investment Fund	Nil	SEBI registration certifcate to claim beneft under section 197A (1F) of Income Tax Act,1961
5	• Recognised Provident Funds • Approved Superannuation Fund • Approved GratuityFund	Nil	Necessary documentary evidence as per Circular No. 18/2017 issued by Central Board of Direct Taxes(CBDT)
6	National Pension Scheme	Nil	No TDS as per section 197A (1E) of Income Tax Act,1961

B. NON-RESIDENT MEMBERS:

Withholding tax on dividend payment to non-resident members if the non-resident members submit and register following document as mentioned in the below table with the Company / RTA.

Sl No	Particulars	Withholding tax rate	Documents required(if any)
1	Foreign Institutional Investors (FIIs) / Foreign Portfolio Investors(FPIs)	20% (plus applicable surcharge and cess)	FPI registration number / certifcate
2	Other Non-resident members	20% (plus applicable surcharge and cess) or tax treaty rate whichever is benefcial	To avail benefcial rate of tax treaty followingtax documents would be required: i. Tax Residency certifcate issued by revenue authority of country of residence of member for the year in which dividend is received ii. PAN iii. Form 10F flled & duly signed iv. Self-declaration for non-existence of permanent establishment/ fxed base in India (Note:Application of benefcial Tax Treaty Rate shall depend upon the completeness of the documents submitted by the Non-Resident member and review to the satisfaction of the Company)

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Annual Report 2024-25

NOTICE

==> picture [418 x 24] intentionally omitted <==

----- Start of picture text -----

Sl No Particulars Withholding tax rate Documents required (if any)
Lower tax deduction certificate u/s 195(3)
----- End of picture text -----

Sl No	Particulars	Withholding tax rate	Documents required(if any)
			Lower tax deduction certifcate u/s 195(3)
3	Indian Branch of a Foreign Bank	NIL	obtained from Income Tax Authority Self- declaration confrming that the income is received on its own account and not on behalf of the Foreign Bank
4	Availability of Lower/NIL tax deduction certifcate issued by Income Tax Department u/s 197 of Income Tax Act, 1961	Rate specifed in certifcate	Lower tax deduction certifcate obtained from Income Tax Authority

Notes:

i. The Company will issue soft copy of the TDS certificate to its members through email registered with the Company / RTA (KFinTech) post payment of the dividend. Members will be able to download the TDS certificate from the Income Tax Department’s website https://www. incometax.gov.in/iec/foportal/ (refer to Form 26AS).
ii. The aforesaid documents such as Form 15G/15H,documents under section 196, 197A, FPI RegistrationCertificate, Tax Residency Certificate, Lower Tax certificate etc. can be uploaded on the link https://ris. Kfntech.com/form15/ on or before 4:00 P.M. of 16[th] September 2025, Tuesday (Record Date) , to enable the Company to determine the appropriate TDS/ withholding tax rate applicable. Any communication on the tax determination/deduction received post 4:00 P.M. of 16[th] September 2025, Tuesday (Record Date) shall not be considered.
iii. Application of TDS rate is subject to necessary verification by the Company of the member details as available in Register of Members as on the Record Date and other documents available with the Company / RTA.
iv. In case TDS is deducted at a higher rate, an option is still available with the member to file the return of income and claim an appropriate refund.
v. In the event of any income tax demand (including interest, penalty, etc.) arising from any misrepresentation, inaccuracy or omission of information provided by the Member(s), such Member(s) will be responsible to indemnify the Company and also provide the Company with all information/documents and co-operation in any appellate proceedings.
vi. This Communication is not exhaustive and does not purport to be a complete analysis or listing of all potential tax consequences in the matter of dividend payment. Members should consult their tax advisors for requisite action to be taken by them.

IEPF RELATED INFORMATION:

Pursuant to the provisions of Investor Education and Protection Fund (Uploading of information regarding unpaid and unclaimed amounts lying with companies) Rules as amended from time to time, the Company has uploaded the details of unclaimed/ unpaid amounts lying with the Company as on 31[st] March 2025 on the website of the Company which can be accessed through the link http://www.deccancements.com/ shareholders-information.php,

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NOTICE

The summary of such unclaimed/ unpaid dividend and the last date for claiming the same are given below:

Financial Year	Date of Declaration	Face Value per Share (Rs.)	% of Dividend Declared	Dividend per Share (Rs.)	Unclaimed and unpaid Dividend as on 31.03.2025 (Rs.)	Due date of transfer to IEPF
2017-18	10.08.2018	5.00	60	3.00	4,49,484.00	13.09.2025
2018-19	07.08.2019	5.00	75	3.75	4,78,485.00	13.09.2026
2019-20*	28.02.2020	5.00	80	4.00	5,83,632.00	07.03.2027
2020-21	14.09.2021	5.00	100	5.00	8,80,268.00	20.10.2028
2021-22	14.09.2022	5.00	100	5.00	4,92,209.00	20.10.2029
2022-23	22.09.2023	5.00	75	3.75	3,10,136.25	14.10.2030
2023-24	20.09.2024	5.00	60	3.00	3,47,914.00	26.10.2031

* Interim Dividend

Pursuant to Section 124(5) of the Companies Act, 2013 [Section 205C(2) of the Companies Act, 1956] read with the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended from time to time, the Company has transferred the unpaid and unclaimed dividends declared upto financial years 2016-17, to the Investor Education and Protection Fund (“IEPF”) established by the Central Government. Details of dividends so far transferred to the IEPF Authority are available on the website of IEPF Authority and the same can be accessed through the link: www.iepf.gov.in.
During financial year 2024-25 (on 4[th] October 2024) the Company has transferred unclaimed and unpaid dividend amount of Rs. 7,12,470/pertaining to the Financial Year 2016-17 to the Investor Education and Protection Fund (IEPF).
The unclaimed/unpaid dividend, if any, pertaining to the financial year 2017-18 shall be transferred to the Investor Education and Protection Fund (IEPF) on 13[th] September 2025, unless a claim by the respective member is lodged with the Company/RTA before that date.
Pursuant to the provisions of Section 124 and 125 of the Companies Act, 2013 and the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016 as amended from time to time, all shares on which dividend has not been claimed/paid for seven consecutive years or more shall be transferred to IEPF Authority.
During financial year 2024-25, through Corporate Action on 8[th] October 2024, the Company has transferred 5,430 equity shares belongs to 24 shareholders to the IEPF Authority, in respect of which dividend were remained unpaid or unclaimed for seven consecutive years or more. The Details of such shares are available on the website of the Company and the same can be accessed through the link: http://www. deccancements.com/shareholders-information. php. The said details have also been uploaded on the website of the IEPF Authority and can be accessed through the link: www.iepf.gov.in.
Members may note that shares as well as unclaimed dividends transferred to IEPF Authority can be claimed back from the IEPF Authority. The concerned members/investors are advised to visit the weblink http://www. deccancements.com/shareholders-information. php or visit the weblink of the IEPF Authority http://www.iepf.gov.in/IEPF/refund.html,or contact the Company’s RTA (KFin Technologies Ltd.), for detailed procedure to lodge the claim with the IEPF Authority.

OTHER INFORMATION:

SEBI vide circular SEBI/HO/MIRSD/MIRSDPoD-1/P/CIR/2023/37, dated 16th March 2023 made it mandatory for the all holders of physical securities in listed companies to furnish PAN, Nomination, Contact details, Bank A/c details and Specimen signature for their corresponding folio numbers.

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Annual Report 2024-25

NOTICE

Further, SEBI, vide its circular dated November 03, 2021 (subsequently amended by circulars dated December 14, 2021, March 16, 2023 and November 17, 2023) mandated that the security holders (holding securities in physical form), whose folio(s) do not have PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature updated, shall be eligible for any payment including dividend, interest or redemption in respect of such folios, only through electronic mode with effect from 1[st] April 2024, upon their furnishing all the aforesaid details in entirety.

In case of non-updation of PAN or Choice of Nomination or Contact Details or Mobile Number or Bank Account Details or Specimen Signature in respect of physical folios, dividend/interest etc. shall be paid only through electronic mode with effect from 1[st] April 2024 upon furnishing all the aforesaid details in entirety.

If a security holder updates the PAN, Choice of Nomination, Contact Details including Mobile Number, Bank Account Details and Specimen Signature after 1[st] April 2024, then the security holder would receive all the dividends/interest etc. declared during that period (from 1[st] April 2024 till date of updation) pertaining to the securities held after the said updation automatically.

Form ISR-1: Request for Registration of PAN, KYC details . Form SH-13: Request for Registration of Nomination.

Form SH-14: Request for Cancellation or Variation of Nomination. Form ISR-3, along with

Form SH-14: Declaration to Opt-out of Nomination. Form ISR-2 : Request for Updating the Signature (attestation of the signature by the banker’s) along-with an original cancelled cheque.

Further, as an on-going measure to enhance ease of dealing in securities markets by investors, it has been decided by the SEBI that listed companies shall henceforth issue the securities in dematerialized form only (vide Gazette Notification no. SEBI/LAD-NRO/ GN/2022/66 dated January 24, 2022) while processing the following service request:
i. Issue of duplicate securities certificate;
ii. Claim from Unclaimed Suspense Account; iii. Renewal / Exchange of securities certificate;
iv. Endorsement;
v. Sub-division / Splitting of securities certificate;
vi. Consolidation of securities certificates/ folios;
vii. Transmission;
viii. Transposition;

The securities holder/claimant shall submit duly filled up Form ISR-4 along with their request for the above stated services. For item nos. iii to viii in above paragraph, the securities holder/ claimant shall submit the original securities certificate(s) to the Company/RTA for processing of service requests.

Members holding shares in electronic mode are:
a) requested to submit their PAN and bank account details to their respective Depository Participants (“DPs”) with whom they are maintaining their demat accounts.
b) advised to contact their respective DPs for registering nomination.
1. Non-Resident Indian members are requested to inform Kfintech/respective DPs, immediately of:
a) Change in their residential status on return to India for permanent settlement.
b) Particulars of their bank account maintained in India with complete name, branch, account type, account number and address of the bank with pin code number, if not furnished earlier.
Members holding shares in electronic form may note that bank particulars registered against their respective depository accounts will be used by the Company for payment of dividend. The Company or its RTA i.e. [Kfin Technologies Limited (“Kfintech”)] cannot act on any request received directly from the members holding shares in electronic form for any change of bank particulars or bank mandates. Such changes are to be advised only to the Depository Participant by the member(s).

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Annual Report 2024-25

NOTICE

Members holding shares in electronic form are requested to intimate immediately any change in their address or bank mandates to their Depository Participants with whom they are maintaining their Demat accounts. Members holding shares in physical form are requested to advise any change in their address or bank mandates immediately to the Company / RTA by submitting Form ISR-1 .
Pursuant to Section 101 and Section 136 of the Companies Act, 2013 read with relevant Rules made there under, Companies can serve Annual Reports and other communications through electronic mode to those members who have registered their e-mail address either with the Company or with the Depository. Those members, who desire to receive notice / documents through e-mail, are requested

to communicate their e-mail ID and changes thereto from time to time to his/her Depository Participant / the Company’s Registrar & Share Transfer Agent as the case may be. Members who have not registered their e-mail address either with the Company or with the Depository are requested to register as soon as possible.

Members may also note that the 45[th] Annual Report for the financial year 2024-25 will also be available on the Company’s website www. deccancements.com. For any communication, the members may also send requests to the Company’s investor email id: secretarial@ deccancements.com.
The Company has paid the Listing Fees for the Year 2025-26 to both the Stock Exchanges where equity shares of the Company are listed.

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Annual Report 2024-25

NOTICE

Explanatory statement under Section 102 of the Companies Act, 2013

The following statement sets out all material facts relating to the Special Businesses mentioned in the accompanying Notice:

Item No. 4: To consider and ratify Cost Auditor’s remuneration for the Financial Year 2025-26:

On the recommendation of the Audit Committee, the Board of Directors of the Company, has appointed M/s. Aruna Prasad & Co., Cost Accountants, as the Cost Auditor to conduct the audit of the cost accounting records of the Company for the Financial Year 2025-26 at a remuneration of Rs.2,00,000/(Rupees Two Lakhs only) plus reimbursement of travelling and out of pocket expenses.

In accordance with the provisions of Section 148 of the Companies Act, 2013 (“the Act”) read with the Companies (Audit and Auditors) Rules, 2014, the remuneration payable to the Cost Auditors as recommended by the Audit Committee and approved by the Board, has to be ratified by the members of the Company.

Accordingly, ratification by the members is sought for the remuneration payable to the Cost Auditors for the financial year ending 31[st] March 2026 by passing an Ordinary Resolution as set out at Item No. 4 of the Notice.

None of the Directors / Key Managerial Personnel of the Company / their relatives are, in any way, concerned or interested, financially or otherwise, in the resolution.

The Board commends the Ordinary Resolution set out at Item No. 4 of the Notice for ratification by the members.

Item No. 5: To consider and appoint Secretarial Auditor of the Company:

SEBI vide its notification dated 12 December 2024, amended the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The amended regulations require companies to obtain shareholders’ approval for appointment of Secretarial Auditors, in addition to approval by the Board of Directors. Further, the Secretarial Auditor must be a peer reviewed company secretary and should not

have incurred any of the disqualifications as specified by SEBI.

After evaluating and considering various factors such as industry experience, competence of the audit team, efficiency in conduct of audit, independence, etc., the Board of Directors has, based on the recommendation of the Audit Committee and subject to the approval of the shareholders in this Annual General Meeting, proposed to appoint M/s. V. Shankar & Co., Company Secretaries, (Peer review Certificate No. 1066/2021) as Secretarial Auditors of the Company for a period of 5 (Five) consecutive years from the conclusion of this 45[th] Annual General Meeting till the conclusion of the 50[th] Annual General Meeting (i.e., from FY 2025-26 to FY 2029-30).

Rationale for appointment:

M/s V. Shankar & Co., Company Secretaries, Practicing Company Secretaries, Hyderabad is registered with The Institute of Company Secretaries of India (ICSI) and is Peer Reviewed by the Institute of Company Secretaries of India (ICSI), their Peer Review Certificate No. 1066/2021.

Their expertise covers corporate legal compliances, Corporate Governance, Advisory and Consulting.

M/s. V. Shankar & Co., Company Secretaries have capability to serve a diverse and complex business landscape as that of the Company, audit experience in the Company’s operating segments and possesses the market standing and technical knowledge suited to handle the scale, diversity and complexity associated with the audit of the Secretarial matters of the Company.

M/s. V. Shankar & Co., Company Secretaries have given their consent to act as the Secretarial Auditors of the Company and have confirmed that their appointment, if made, will be within the limit specified under section 204 of the Companies Act, 2013. They have also confirmed that they are not disqualified to be appointed as secretarial auditors in terms of the provisions of the Section 204 of the Companies Act, 2013 and the Rules made thereunder, read with Regulation 24A of the Securities and Exchange Board of India (Listing Obligations and Disclosure

~~19~~

Annual Report 2024-25

NOTICE

Requirements) Regulations, 2015 and other applicable Regulations.

In view of their qualifications and experience in undertaking Secretarial Audit, it is proposed to appoint M/s. V. Shankar & Co., Company Secretaries as Secretarial Auditors of the Company.

The remuneration paid to M/s. V. Shankar & Co., Company Secretaries, for the financial year 202425 was Rs.1,00,000/- (Rupees One lakh only) excluding taxes and reimbursement of out of pocket expenses for carrying out Secretarial Audit and issue the Secretarial compliance Report for the financial year 2024-2025. Based on the recommendations of the Audit Committee, the Board has approved a remuneration of Rs.1,00,000/- (Rupees one lakh only) plus taxes as applicable and out of pocket expenses, for carrying out Secretarial Audit and issue the Secretarial compliance Report for the Financial Year 2025-26.

The Remuneration payable to M/s. V. Shankar & Co., Company Secretaries for the Financial Year 2026-27 and thereafter will be as per the recommendation of

the Audit Committee and mutually agreed between Board of Directors of the Company and Secretarial Auditor.

Pursuant to regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Members of the Company are required approve the proposed appointment of M/s. V. Shankar & Co., Company Secretaries as Secretarial Auditors and the remuneration to be paid to the Secretarial auditors of the Company.

None of the Directors, Key Managerial Personnel and their relatives are in any way concerned or interested in the said resolution.

The Board commends the Ordinary Resolution set out at Item No. 5 of the Notice for approval by the members.

out at Item No. 5 of the members.	Notice for approval by the
	By Order of the Board
	Sd/-
	Bikram Keshari Prusty
Place: Hyderabad	Company Secretary
Date: 12thAugust 2025	FCS 7855

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Annual Report 2024-25

NOTICE

ANNEXURE TO THE NOTICE DATED 12[th] AUGUST 2025

Details of Director Retiring by Rotation at the Annual General Meeting:

Mr. SHONTI VENKATESWARLU (DIN: 08602254):

Date of Birth	1stJune 1961
Age	64 Years
Qualifcation	B.Sc. and MBA
Brief resume and expertise/ experience in specifc functional area	More than 40 years of experience, in various positions, including senior positions in Cement Industry. At present he is the Whole Time Director of the Company, and taking care of General Administration and Operations of the Company.
Terms and conditions of appointment / re-appointment	Proposed to be re-appointed as a Director of the Company as per the provisions of Section 152 of the Companies Act,2013
Remuneration sought to be paid	He is being getting remuneration as Whole Time Director of the Company as approved bythe members of the Companyearlier
Comparative remuneration profle with respect to industry, size of the company, profle of the position andperson	The remuneration is at par with the prevailing remuneration in the industry of similar size for similarly placed persons.
Last drawn Remuneration (FY 2024-25)	Rs.63.03 Lakhs (As Whole Time Director of the Company, as approved bythe members earlier)
Date of First Appointment on the Board	11thNovember 2019 (as Director and Whole Time Director)
Shareholdingin the company	Nil
Relationship with other Directors, Manager and other Key Managerial Personnel	None of the Directors / Key Managerial Personnel of the Company are relatives
No. of Meetings of the Board attended during year 2024-25	5 out of 5
Directorships in other companies	Deccan Swarna Cements Private Limited, Wholly Owned Subsidiary of Deccan Cements Limited
Chairmanship/Membership of committees of other companies	Nil
Pecuniary relationship directly or indirectly with the company, or relationship with the managerial personnel	No pecuniary relationship with other directors or managerial personnel of the Company.

By Order of the Board

Place: Hyderabad Date: 12[th] August 2025

Sd/Bikram Keshari Prusty Company Secretary FCS 7855

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Annual Report 2024-25

NOTICE

ATTENTION SHAREHOLDERS

"SAKSHAM NIVESHAK” CAMPAIGN FOR UPDATING OF KYC AND OTHER DETAILS

Pursuant to “Saksham Niveshak” 100 days campaign by the Investor Education and Protection Fund Authority (IEPFA), Ministry of Corporate Affairs (MCA), Government of India, the Company brings to kind notice to the Shareholders of the Company that the IEPFA has taken initiative for updating KYC and other details of the shareholders and Shareholder engagement to prevent transfer of Unclaimed/Unpaid Dividends to IEPF.

In this connection, the Company requests to the shareholders to update their KYC and other details, if not done, so that dividend already declared / to be declared by the Company will be directly credited to their respective accounts, at the same time the transfer of shares to the IEPF Authority can be avoided, due to non-claiming the dividends for a consecutive period of seven years.

To update the KYC and other details, the shareholders are requested to visit company web link “ - ” https://deccancements.com/shareholders information.php for downloading the requisite forms, fill those, and along with necessary proofs and/or documents submit those either to the Company or to the RTA.

SPECIAL WINDOW FOR RE-LODGEMENT OF TRANSFER REQUESTS OF PHYSICAL SHARES

Pursuant to SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD/P/CIR/2025/97 dated July 2, 2025, the Company is pleased to offer one-time special window for physical shareholders to submit re-lodgment requests for the transfer of shares. The Special Window is open from July 7, 2025 to January 6, 2026 and is applicable to cases where original share transfer requests were lodged prior to April 1, 2019 and were returned or rejected due to deficiencies in documentation, process or any other reason. The shares re-lodged for transfer will be processed only in dematerialized form during this window. Eligible shareholders may submit their transfer requests along with the requisite documents to the Company’s Registrar and Share Transfer Agent (RTA) within the stipulated period.

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Annual Report 2024-25

DIRECTORS REPORT

DIRECTORS’ REPORT

Dear Shareholders,

The Directors of your company are glad to present the 45[th] Annual Report together with the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended 31st March, 2025.

Financial Results:

The Financial Results for the year ended 31st March 2025 are summarized below:

(Rs. in Lakhs)

==> picture [438 x 294] intentionally omitted <==

----- Start of picture text -----

FY 2024-25 FY 2023-24
Particulars
Standalone Consolidated Standalone
Revenue from operations 52,697.72 52,697.72 79,942.50
Other Income (net) 1,619.91 1,619.90 1,599.91
Total Income 54,317.63 54,317.62 81,542.41
Operating expenses 49,159.21 49,160.66 70,561.38
Depreciation and amortization expenses 2,807.81 2,807.81 2,763.46
Total expenses before Finance cost,
Exceptional Item and Tax 51,966.92 51,968.37 73,324.84
Profit before Finance cost, Exceptional
Item and Tax 2,350.71 2,349.25 8,217.57
Less: Finance cost (1,275.17) (1,275.17) (1,237.37)
- -
Exceptional Item (1,632.75)
Current tax (344.87) (344.87) (1,470.67)
Deferred tax 22.64 22.64 150.51
Net Profit after Tax 753.30 751.85 3,726.27
Add: Other comprehensive income 13.45 13.45 (48.95)
Total comprehensive income for the year 766.75 765.30 3,677.32
Add: Profit brought forward from previous
65,307.46 71,197.11 62,155.41
year
Less: Dividend (FY 2024-25 / 2023-24) (420.23) (420.23) (525.28)
Closing Balance of Profit 65,653.97 71,542.18 65,307.46
Earnings Per Share (in Rs.) 5.38 5.37 26.60
----- End of picture text -----*

* Consolidated figures for FY 2023-24 are not given since this is the first year of consolidation .

Results of Operations:

The Standalone profit after tax of the Company for the current year was at Rs.753.30 Lakhs as compared to the previous year profit of Rs. 3,726.27 Lakhs. The Consolidated profit after tax of the Company for the current year was at Rs.751.85 Lakhs and there is no profit after tax for the previous year since this is the

first year of consolidation. During the year there was no change of business.

The Financial statements are required to be presented in accordance with the Ind-AS requirements from the financial year 2018-19. As per Ind-AS requirements GST, rebates and discounts are reduced from the Gross revenue .

~~23~~

Annual Report 2024-25

DIRECTORS REPORT

(Rs. in Lakhs)

==> picture [211 x 189] intentionally omitted <==

----- Start of picture text -----

Particulars FY 2024-25 FY 2023-24
Sale of products
(a) Cement - Net
52,021.06 79,651.59
Revenue
(b) Power (Net
of charges for
wheeling, banking)
Wind 46.21 58.63
Hydel 529.24 133.83
Thermal - -
Power – Net Revenue 575.45 192.46
Other operating
revenues
Scrap sales 101.21 98.45
Revenue (Net of Taxes
52,697.72 79,942.50
and Rebates)
----- End of picture text -----*

* includes unbilled revenue.

Operational Results are further elaborated in the Management Discussion and Analysis Report.

Transfer to Reserves:

Your Directors did not propose to transfer any amount to reserves for the financial year ended 31[st] March 2025.

Dividend:

In consonance with the Company’s policy of rewarding its shareholders on a consistent basis, your directors have recommended final dividend of Re.0.60 Paise per equity share i.e. @12% dividend on the Equity Share Capital of the Company for FY 2024-25, subject to approval of the members in the ensuing annual general meeting of the Company.

The web link for Dividend Distribution Policy is available at: https://deccancements.com/pdf/ Dividend-Distribution-Policy.pdf.

Capital Structure:

There is no change in the capital structure during the year.

Deposits:

During the year under review, the Company has not invited / accepted any amount falling within the purview of provisions of Section 73 of the Companies Act, 2013 read with the Companies (Acceptance of Deposits) Rules, 2014.

The details relating to deposits, covered under Chapter V of the Act,-

(a)	Accepted duringtheyear	Nil
(b)	Remained unpaid or unclaimed as at the end of theyear	Nil
(c)	whether there has been any default in repayment of deposits or payment of interest thereon during the year and if so, number of such cases and the total amount involved-
	(i)At the beginningof theyear	Nil
	(ii)Maximum duringtheyear	Nil
	(iii)At the end of theyear	Nil

The details of deposits which are not in compliance with the requirements of Chapter V of the Act: Not Applicable.

Management Discussion and Analysis Report:

A report on the Management Discussion and Analysis is appended to this Report.

Business Responsibility Report:

Business Responsibility Report forms part of this Annual Report.

Corporate Governance:

The Company’s Report on Corporate Governance is attached, and forms part of this Report.

Certificate from the Statutory Auditors of the Company M/s. M Anandam & Co., Chartered Accountants confirming the compliance with the conditions of Corporate Governance as stipulated under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 is appended to this Report.

~~24~~

Annual Report 2024-25

DIRECTORS REPORT

Transfer to Investor Education and Protection Fund (IEPF):

During financial year 2024-25 (on 4[th] October 2024) the Company has transferred unclaimed and unpaid dividend amount of Rs. 7,12,470/- pertaining to the Financial Year 2016-17 to the Investor Education and Protection Fund (IEPF).

The unclaimed/unpaid dividend, pertaining to the financial year 2017-18 shall be transferred to the Investor Education and Protection Fund (IEPF) on 13[th] September 2025, unless a claim by the respective member is lodged with the Company/RTA before that date.

The year wise details of unpaid and unclaimed amounts lying with the Company as on 31[st] March 2025 is available in the Company’s website https:// deccancements.com/shareholders-information.php. Shareholders are advised to check their unpaid and unclaimed dividend status and contact the Company for encashment of the same, if depicting unpaid.

Section 124(6) of the Companies Act, 2013 read with the Investor Education and Protection Fund (Accounting, Audit, Transfer and Refund) Rules, 2016 mandates companies to transfer shares in respect of which dividends remain unpaid / unclaimed for a continuous period of seven years to the IEPF. Adhering to the various requirements set

out in the Investor Education and Protection Fund Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, during financial year 204-25, through Corporate Action on 8[th] October 2024, the Company has transferred 5,430 equity shares belongs to 24 shareholders to the IEPF Authority, in respect of which dividend had remained unpaid or unclaimed for seven consecutive years or more to the demat account of IEPF Authority held with NSDL. Details of shares so far transferred to the IEPF Authority are available on the website of the Company and the same can be accessed through the link: http://www. deccancements.com/shareholders-information.php. The said details have also been uploaded on the website of the IEPF Authority and can be accessed through the link: www.iepf.gov.in.

Similarly, the shares in respect of which dividend are unpaid / unclaimed for a continues period of seven years, since the dividend declared for Financial Year 2017-18, will be due for transfer to IEPF on 13[th] September 2025.

The concerned members/investors are advised to visit the weblink http://www.deccancements.com/ shareholders-information.php or visit the weblink of the IEPF Authority https://www.iepf.gov.in/IEPF/ refund.html, or contact the Company’s RTA (KFin Technologies Ltd.), for detailed procedure to lodge the claim with the IEPF Authority.

Due dates for transfer to IEPF, of the unclaimed/unpaid dividends for the financial year 2017-18 and thereafter, are as under:

==> picture [439 x 191] intentionally omitted <==

----- Start of picture text -----

Face Value Dividend Unclaimed and Due date of
Financial Date of % of Dividend
per Share per Share unpaid Dividend as transfer to
Year Declaration Declared
(Rs.) (Rs.) on 31.03.2025 (Rs.) IEPF
2017-18 10.08.2018 5.00 60 3.00 4,49,484.00 13.09.2025
2018-19 07.08.2019 5.00 75 3.75 4,78,485.00 13.09.2026
2019-20 28.02.2020 5.00 80 4.00 5,83,632.00 07.03.2027
2020-21 14.09.2021 5.00 100 5.00 8,80,268.00 20.10.2028
2021-22 14.09.2022 5.00 100 5.00 4,92,209.00 20.10.2029
2022-23 22.09.2023 5.00 75 3.75 3,10,136.25 14.10.2030
2023-24 20.09.2024 5.00 60 3.00 3,47,914.00 26.10.2031
----- End of picture text -----*

* Interim Dividend

~~25~~

Annual Report 2024-25

DIRECTORS REPORT

Directors and Key Managerial Personnel:

Mr. Paturi Srinivasa Rao (DIN: 01220158) and Mr. Rabindra Srikantan (DIN: 00024584) are appointed to the office of Independent Directors of the Company for a consecutive period of 5 years with effect from 1[st] April 2024. Further, Mr. Srivari Chandrasekhar (DIN: 00481481) is appointed to the office of Independent Directors of the Company for a consecutive period of 5 years with effect from 28[th] May 2024.

Mr. Kanwar Pratap Singh (DIN: 02951522) took retirement from the office of Independent Directors of the Company with effect from 11[th] July 2024.

On 10[th] March 2025, Mr. Challa Ramesh Reddy, Senior Vice President (Marketing) has resigned from his position of the Company due to personal reason.

On 23[rd] May 2025, Mr. Vaddavalli Ramesh Babu, who is having more than 28 years of experience of Marketing in various positions in Cement Industry, appointed as the Assistant Vice President (Marketing) of the Company.

Pursuant to Section 152 of the Companies Act, 2013 Mr. S. Venkateswarlu (DIN: 08602254) is liable to retire by rotation at the forthcoming Annual General Meeting and being eligible has offered himself for reappointment. The Board recommends his reappointment.

Brief resume of Mr. S. Venkateswarlu (DIN: 08602254), Director retiring by rotation including nature of his experience in specific functional areas, names of companies in which he holds directorship and membership of committees of the Board of other companies is appended to the Notice calling the 45[th] Annual General Meeting.

Familiarization program for Independent Directors:

The Company has adopted a familiarization programme prepared in the line of Regulation 25(7) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 for Independent Directors to familiarize them with the Company’s philosophy, vision, mission, strategies, operations and functions. The details of the familiarization programme are available on the Company’s website at www.deccancements.com.

Declaration by Independent Directors:

Your Company has received necessary declaration from each independent director under Section 149 of the Companies Act, 2013, confirming that he/she meets the criteria of independence laid down in Section 149 of the Companies Act, 2013 and Regulation 25 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Statutory Auditor:

M/s. M. Anandam & Co., Chartered Accountants (FRN 000125S) were re-appointed as Statutory Auditor of the Company for a second term of 5 Consecutive years at the 42[nd] Annual General Meeting held on 14[th] September 2022 to hold office till the conclusion of 47[th] Annual General Meeting of the Company.

The Notes on the financial statements referred to in the Auditors’ Report are self-explanatory and do not call for any further comments. The Auditors’ Report does not contain any qualification, reservation or adverse remark.

Cost Auditor:

M/s. Aruna Prasad & Co., Cost Accountants, Chennai, has been appointed by the Board of Directors as Cost Auditor of the Company for the Financial Year 202526. The remuneration of the cost auditor is required to be ratified by the members in accordance with the provisions of Section 148 of the Companies Act, 2013 read with Rule 14 of the Companies (Audit and Auditors) Rules, 2014. Accordingly, the matter is being placed before the Members for ratification at the ensuing Annual General Meeting.

Secretarial Auditor:

Pursuant to the provisions of Section 204 of the Companies Act, 2013 read with Rule 9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, your Company engaged the services of M/s. V. Shankar & Co., Company Secretaries, Hyderabad to conduct the Secretarial Audit of the Company for the financial year ended 31[st] March 2025. The Secretarial Audit Report in Form MR-3 is annexed to this Report ( Annexure I ). There has been no qualification, reservation, adverse remarks or disclaimer in the Secretarial Audit Report,

~~26~~

Annual Report 2024-25

DIRECTORS REPORT

except some observations, the clarification of which is furnished hereunder:

Observation: During our audit we have observed that there was one day delay in filing IEPF 4. The due date of filing of form was 9[th] October, 2024 however, the same was filed on 10[th] November, 2024 vide SRN: AB1477260

Response: Corporate Action for Transfer of Shares was made on 8th October 2024. However, confirmation from the Depositories was received on 9[th] and 10[th ] October 2024. As soon as we receive the confirmation, we have filed Form IEPF-4 on 10[th] October, 2024.

Observation: The Stock Exchange (NSE Ltd.) had issued a query dated 29[th] August, 2024, wherein it was observed that the financial results submitted for the quarter ended 30[th] June, 2024 (Q1 of FY 2024-25) were not in the format prescribed by SEBI and that the Standalone and Consolidated financial results were identical. In response, the Company provided a clarification to the Stock Exchange dated 9[th] September, 2024, stating that there were “no operations, revenue or expenses in its Wholly Owned Subsidiary (WOS)” during the said quarter, and hence, the Standalone and Consolidated results appeared the same

Response: The response submitted to Stock Exchange is self-explanatory.

Observation: The Company has generally complied with the filing requirements under the Companies Act, 2013. The requisite forms and returns were filed with the Registrar of Companies (ROC) within the prescribed timelines, but it was observed that the Company appointed Mr. Srivari Chandrasekhar as an Additional Director on 28[th] May, 2024. However, the required Form DIR-12 was filed with the Registrar of Companies, Telangana on 25[th] July, 2024, resulting in a delay of 28 days beyond the prescribed timeline

Response: While filing Form DIR-12 the PAN was not validating due to mismatch of name in DIN, PAN Records. Therefore, after correction of name in PAN records, we have filed

Form DIR-12. Therefore, there was a delay in filing such form.

Observation: During the period under review, it was observed that the Company is delay in filing Form MSME-1 for the half-year ended 30[th] September, 2024 and 31[st ] March 2025.

Response: Due to delay in preparing the excel file with the details of MSME suppliers, there was delay in filing Form MSME-1.

Observation: We observed that the outcome of the Board Meeting held on 12[th] November, 2024 in which Board of Directors approved the standalone and consolidated unaudited Financial Results of the Company for the quarter ended 30[th] September 2024, and Limited Review Reports thereon was submitted with the stock exchanges slightly beyond the prescribed timeframe. While the said Board meeting concluded at 12:10 p.m the outcome was submitted to NSE Limited at 12:43 p.m and to BSE Limited at 12:42 p.m with a delay of 3 minutes and 2 minutes respectively

Response: After the Board Meeting, we have uploaded the Results within 30 minutes. However, there was a delay of 2 and 3 minutes for uploading the Outcome of the Board Meeting. The delay was because of uploading the same information multiple times in both BSE and NSE in different TABs (like Results, Outcome, Corporate Action, etc.)

Observation: We observed that the Company is supposed to update its paid-up Equity capital (Diluted basis) every quarter within 21 days from the end of every quarter on the NEAPS portal. For the quarter ending 30[th] September, 2024 there was a delay by 16 days in complying with the same, as the Company updated it on 6[th] November, 2024. Also, for the quarter ending 31[st] March, 2024, there was a delay by 77 days in complying with the same and the Company updated it on 7[th] July, 2025

Response: We were under the impression that the information about paid-up Equity Capital (Diluted basis) should be made one time,

~~27~~

Annual Report 2024-25

DIRECTORS REPORT

unless there is any change during any quarter. The same is confirmed by the National Stock Exchange of India vide their Circular Ref. No: NSE/CML/2025/09, dated 28[th] February, 2025, wherein they have stated that “…all listed companies are advised to update their paid-up equity capital and paid-up equity capital on a fully diluted basis (in the term of number of shares) along with the details of conversion ratio (as applicable) on one time basis (even if there are no outstanding convertible instrument) on the NEAPS portal, in case not updated. Thereafter, as and when there is any change in the above information, same also needs to be updated on the NEAPS portal.” Therefore, there is no need to update the same in each quarter, unless there is any change in paid-up equity capital in any quarter.

Observation: We also observed that Mr. Challa Ramesh Reddy, Senior Vice President (marketing) resigned from his position on 10[th] March, 2025. However, the company intimated to the stock exchange but did not promptly submit the resignation letter. Consequently, the Company received a query from the stock exchange on 24[th ] July 2025 regarding noncompliance with the disclosure requirements. In response to the query the company submitted the resignation letter on 24[th] July 2025.

Response: We have submitted the information about the resignation on 10[th] March 2025 well within the time. We were under the impression that the resignation letter was attached to the covering letter, but that was not attached. When we have received query from the NSE about the resignation letter, we have uploaded the same to both the Stock Exchanges on 24[th] July 2025

Pursuant to provisions of Regulation 24A of the SEBI (LODR) Regulations, 2015, the Board of Directors recommends to appoint M/s. V. Shankar & Co., Company Secretaries as the Secretarial Auditor of the Company for a term of five consecutive Financial Years from FY 2025-26 to FY 2029-30.

Annual Return:

The Annual Return for FY 2024-25 is available on the website of the Company and the same can be accessed through the link: http://www. deccancements.com/shareholders-information.php.

Board Meetings:

During the year, Five (5) meetings of the Board of Directors were convened and held. The details of the meetings of the Board are furnished in the Corporate Governance Report which forms part of this Report.

Directors’ Responsibility Statement:

Pursuant to the provisions of Section 134(3)(c) and 134(5) of the Companies Act, 2013, relating to Directors’ Responsibility Statement, your Directors, confirm that:

a) in the preparation of the annual accounts for the year ended 31st March 2025, the applicable accounting standards had been followed and there are no material departure;
b) the directors had selected such accounting policies and applied them consistently and made judgments and estimates that are reasonable and prudent so as to give a true and fair view of the state of affairs of the company at the end of the financial year 31st March 2025 and of the profit of the company for the year ended on that date;
c) the directors had taken proper and sufficient care for the maintenance of adequate accounting records in accordance with the provisions of the Companies Act, 2013 for safeguarding the assets of the company and for preventing and detecting fraud and other irregularities;
d) the directors had prepared the annual accounts for the year ended 31[st] March 2025 on a going concern basis;
e) the directors had laid down internal financial controls to be followed by the company and that such internal financial controls are adequate and were operating effectively;

~~28~~

Annual Report 2024-25

DIRECTORS REPORT

f) the directors had devised proper systems to ensure compliance with the provisions of all applicable laws and that such systems were adequate and operating effectively.

CEO/CFO Certification:

The CEO and CFO certification on the Financial Statements for Year 2024-25 is provided elsewhere in this Annual Report.

Policy on Directors’ appointment and remuneration and other details:

The Company’s policy on directors’ appointment and remuneration and other matters has been disclosed in the Corporate Governance Report, which forms part of this Report.

Particulars of loans, guarantees or investments

under Section 186:

The Company has granted unsecured loan of Rs.1.00 Lakh to Deccan Swarna Cements Private Limited, wholly owned subsidiary of the Company, which falls under the provisions of Section 186 of the Companies Act, 2013.

Particulars of Contracts or arrangement with related parties referred under Section 188(1):

The Company had not entered into any arrangement/ transaction with related parties which is material in nature and accordingly, the disclosure of Related Party Transactions in Form AOC-2 is not applicable.

Transactions entered by the Company with its related parties were on an arm’s length basis and suitable disclosures as required under Ind AS-24 have been made in Note No. 32 to the Financial Statements.

In compliance of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 the Company has formulated a Related Party Transactions Policy and the same is available on the Company’s website https://deccancements.com/corporate-governance.php.

Energy Conservation, Technology Absorption and Foreign Exchange:

Information required under Section 134(3)(m) of the Companies Act, 2013 read with Rule 8(3) of the

Companies (Accounts) Rules, 2014 forming part of the Directors’ Report for the year ended 31[st] March 2025 are given in Annexure II .

Internal Control Systems and its Adequacy:

The details in respect of internal control and its adequacy are included in the Management Discussion & Analysis, which forms part of this report.

Risk Management:

Pursuant to Regulation 21 of the SEBI (LODR) Regulations, 2015 the Board of Directors have constituted the Risk Management Committee which has been entrusted with the responsibility to assist the Board in (a) Overseeing and approving the Company’s enterprise risk management framework; and (b) Overseeing that all the risks that the organization faces such as strategic, financial, credit, market, liquidity, security, property, Information Technology, legal, regulatory, reputational and other risks have been identified and assessed and there is an adequate risk management infrastructure in place capable of addressing those risks.

The Risk Management Policy is disclosed in the company’s website https://deccancements.com/ - corporate governance.php. The Risk Management Policy envisages identification of risk and procedures for assessment and mitigation thereof.

Corporate Social Responsibility (CSR):

Pursuant to Section 135 of Companies Act, 2013, your Company has constituted a Corporate Social Responsibility Committee. The composition of the Committee is provided in the Corporate Governance Report. Your Company has formulated a Corporate Social Responsibility Policy, which has been approved by the Board indicating the projects or programs to be undertaken by the Company, in line with Schedule VII of the Act. The same is available on the website of the Company www.deccancements.com.

A brief outline of the CSR policy of the Company and the Annual Report on CSR activities undertaken during the year 2024-25 in the format prescribed in the Companies (Corporate Social Responsibility Policy) Rules, 2014 is annexed to this Report as Annexure III.

~~29~~

Annual Report 2024-25

Board Evaluation:

In compliance of the provisions of the Companies Act, 2013 and the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the annual performance evaluation of individual directors was carried out by the Board.

The detailed criteria in which the performance of the individual directors was carried out has been disclosed in the Corporate Governance Report.

The Performance evaluation of independent directors was done by the entire Board of Directors excluding the director being evaluated.

Particulars of Employees:

The information required pursuant to Section 197 of the Companies Act, 2013 read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given in Annexure IV .

During the financial year under review, none of the Company’s employees are in receipt of remuneration more than the limit prescribed under Section 197(12) read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.

Prevention of Sexual Harassment Policy:

The Company has formulated a policy on Prevention of Sexual Harassment at workplace for women in the line with the requirements of the The Sexual Harassment of Women at Workplace (Prohibition, Prevention and Redressal) Act, 2013 and the Rules made thereunder.

During the financial year ended 31[st] March 2025, the Company has not received any Complaint pertaining to Sexual Harassment.

(a)	Number of complaints of Sexual Harassment received in the year	Nil
(b)	Number of complaints disposed of during the year; and	Nil
(c)	Number of cases pending for more than Ninety days	Nil

Others:

Your company’s affairs are being managed in a fair and transparent manner. There were no

material changes and commitments affecting the financial position of the company between the end of the financial year and the date of this report. No application has been made under the Insolvency and Bankruptcy Code, 2016 during FY 2024-25 and thereafter. For FY 2024-25 the Auditors of the Company did not report any frauds to the Audit Committee under sub-section (12) of section 143 of the Companies Act, 2013. There was no change in the nature of business of the Company during FY 2024-25 and thereafter. Maintenance of cost records as specified by the Central Government under subsection (1) of section 148 of the Companies Act, 2013, is required by the Company and accordingly such accounts and records are being made and maintained. No significant and material orders have been passed by the regulators or courts or tribunals impacting the going concern status and company’s operations in future. The company has complied with the provisions relating to the Maternity Benefit Act, 1961.

Acknowledgement:

Your Directors place on record their sincere appreciation for significant contribution made by the employees through their dedication, hard work and commitment. The enthusiasm and unstinting efforts of the employees have enabled the Company to remain amongst the well performing units of the industry.

Your Directors take this opportunity to express their gratitude to Central and State Governments and their departments and the local authorities, the Banks, Dealers, Stockists and Customers for their continued guidance and support to the Company during the year under review.

Your Directors are also grateful to the shareholders for their confidence and faith reposed in the Company.

For and on behalf of the Board of Directors, Deccan Cements Limited

Sd/P. Parvathi Chairperson and Place: Hyderabad Managing Director Date: 12[th] August 2025 DIN : 00016597

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Annual Report 2024-25

DIRECTORS REPORT

Annexure-I

Form No. MR-3

SECRETARIAL AUDIT REPORT

FOR THE FINANCIAL YEAR ENDED MARCH 31 , 2025

(Pursuant to section 204(1) of the Companies Act, 2013 and rule No.9 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014)

The Members, Deccan Cements Limited

L26942TG1979PLC002500 6-3-666/B, Deccan Chambers, Somajiguda, Hyderabad-500 082

We have conducted the Secretarial Audit of the compliance of applicable statutory provisions and the adherence to good corporate practices by Deccan Cements Limited (hereinafter called the Company).

Secretarial Audit was conducted in a manner that provided us a reasonable basis for evaluating the corporate conducts/statutory compliances and expressing our opinion thereon.

Based on our verification of the Company’s books, papers, minute books, forms and returns filed and other records maintained by the Company and also the information provided by the Company, its officers, agents and authorized representatives during the conduct of secretarial audit, we hereby report that in our opinion, the Company has, during the audit period covering the financial year ended on March 31[st] , 2025 (herein after called as Audit Period) complied with the statutory provisions listed hereunder and also that the Company has proper Board-processes and compliance-mechanism in place to the extent, in the manner and subject to the reporting made hereinafter:

We have examined the books, papers, minute books, forms and returns filed and other records maintained by the Company for the financial year ended on March 31, 2025 according to the provisions of:

i. The Companies Act, 2013 (the Act) and the rules made thereunder;
ii. The Securities Contracts (Regulation) Act, 1956 (‘SCRA’) and the rules made thereunder;
iii. The Depositories Act, 1996 and the Regulations and Bye-laws framed thereunder;
iv. Foreign Exchange Management Act, 1999 and the rules and regulations made there under to the extent of :
a) Foreign Direct Investment (Not Applicable during the Audit Period)
b) Overseas Direct Investment; (Not Applicable during the Audit Period)
c) External Commercial Borrowings (Not Applicable during the Audit Period);
v. The following Regulations and Guidelines prescribed under the Securities and Exchange Board of India Act, 1992 (‘SEBI Act’):-
a. The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
b. The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015;
c. The Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009; (not applicable during the Audit Period) ;

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Annual Report 2024-25

DIRECTORS REPORT

d. The Securities and Exchange Board of India (Share Based Benefits) Regulations, 2014; (not applicable during the Audit Period) ;
e. The Securities and Exchange Board of India (Issue and listing of Debt Securities) Regulations, 2008; (not applicable during the Audit Period) ;
f. The Securities and Exchange Board of India (Registrars to an Issue and Share Transfer Agents) Regulations, 1993 regarding the Companies Act and dealing with client;
g. The Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (not applicable during the Audit Period) and;
h. The Securities and Exchange Board of India (Buy back of Securities) Regulations, 1998 (not applicable during the Audit Period) ;

Observations:

During our audit we have observed that there was one day delay in filing IEPF 4. The due date of filing of form was 09.10.2024 however, the same was filed on 10.10.2024 vide SRN: AB1477260.
The Stock Exchange (NSE Ltd.) had issued a query dated 29th August, 2024, wherein it was observed that the financial results submitted for the quarter ended 30th June, 2024 (Q1 of FY 2024-25) were not in the format prescribed by SEBI and that the Standalone and Consolidated financial results were identical. In response, the Company provided a clarification to the Stock Exchange dated 09[th] September, 2024, stating that there were “no operations, revenue or expenses in its Wholly Owned Subsidiary (WOS)” during the said quarter, and hence, the Standalone and Consolidated results appeared the same.
The Company has generally complied with the filing requirements under the Companies Act, 2013. The requisite forms and returns were filed with the Registrar of Companies (ROC) within the prescribed timelines, but it was observed that the Company appointed Mr. Srivari Chandrasekhar as an Additional Director on 28th May, 2024. However, the required Form DIR-12 was filed with the Registrar of Companies, Telangana on 25th July, 2024, resulting in a delay of 28 days beyond the prescribed timeline.
During the period under review, it was observed that the Company is delay in filing Form MSME-1 for the half-year ended 30[th] September, 2024 and 31[st] March,2025.
We observed that the outcome of the Board Meeting held on 12[th] November, 2024 in which Board of Directors approved the standalone and consolidated unaudited Financial Results of the Company for the quarter ended 30[th] September 2024, and Limited Review Reports thereon was submitted with the stock exchanges slightly beyond the prescribed timeframe. While the said Board meeting concluded at 12:10 p.m the outcome was submitted to NSE Limited at 12:43 p.m and to BSE Limited at 12:42 p.m with a delay of 3 minutes and 2 minutes respectively.
We observed that the Company is supposed to update its paid-up Equity capital (Diluted basis) every quarter within 21 days from the end of every quarter on the NEAPS portal. For the quarter ending 30.09.2024 there was a delay by 16 days in complying with the same, as the Company updated it on 06.11.2024. Also, for the quarter ending 31.03.2024, there was a delay by 77 days in complying with the same and the Company updated it on 07.07.2025.
We also observed that Mr. Challa Ramesh Reddy, Senior Vice President(marketing) resigned from his position on 10.03.2025. However, the company intimated to the stock exchange but did not promptly submit the resignation letter. Consequently, the Company received a query from the stock exchange

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on 24.07.2025 regarding non-compliance with the disclosure requirements. In response to the query the company submitted the resignation letter on 24.07.2025.

vi. We further report that having regard to the compliance system prevailing in the Company and on examination of the relevant documents and records in pursuance thereof, on test- check basis, the Company has complied with the following laws applicable specifically to the Company:
a. Cement (Quality Control) Order, 2003
b. Cement Cess Rules, 1993
c. The Electricity Act, 2003
d. The Mines Act, 1952
e. Mines and Minerals (Development & Regulation) Act, 1957
f. The Forest Conservation Act, 1980
g. Legal Metrology Act, 2009

We have also examined compliance with the applicable clauses of the following:

(i) Secretarial Standards issued by The Institute of Company Secretaries of India.
(ii) The Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

We further report that -

(i) The Board of Directors of the Company is duly constituted with proper balance of Executive Directors, Non-Executive Directors and Independent Directors. The changes in the composition of the Board of Directors that took place during the period under review were carried out in compliance with the provisions of the Act:
(ii) Adequate notice is given to all directors to schedule the Board Meetings, agenda and detailed notes on agenda were sent at least seven days in advance, and a system exists for seeking and obtaining further information and clarifications on the agenda items before the meeting and for meaningful participation at the meeting.
(iii) All decisions at Board Meetings and Committee Meetings were carried out unanimously as recorded in the minutes of the meetings of the Board of Directors or Committees of the Board, as the case may be.

We further report that there are adequate systems and processes in the Company commensurate with the size and operations of the Company to monitor and ensure compliance with applicable laws, rules, regulations and guidelines.

For V Shankar & Co Company Secretaries Sd/Shankar Viswanathan Sole Proprietor FCS. NO. : 7638 Place : Hyderabad C. P. No. : 8446 Date : 11[th] August 2025 UDIN: F007638G000978630

This report is to be read with our letter of even date which is annexed as Annexure A and forms an integral part of this report.

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Annexure A

To,

The Members,

Deccan Cements Limited L26942TG1979PLC002500 6-3-666/B, Deccan Chambers, Somajiguda, Hyderabad-500 082

Our report of even date is to be read along with this letter.

Maintenance of secretarial record is the responsibility of the management of the company. Our responsibility is to express an opinion on these secretarial records based on our audit.
We have followed the audit practices and processes as were appropriate to obtain reasonable assurance about the correctness of the contents of the Secretarial records. The verification was done on test basis to ensure that correct facts are reflected in secretarial records. We believe that the processes and practices, we followed provide a reasonable basis for our opinion.
We have not verified the correctness and appropriateness of financial records and Books of Accounts of the company.
Where ever required, we have obtained the Management representation about the compliance of laws, rules and regulations and happening of events etc.
The compliance of the provisions of Corporate and other applicable laws, rules, regulations, standards is the responsibility of management. Our examination was limited to the verification of procedures on test basis.
The Secretarial Audit report is neither an assurance as to the future viability of the company nor of the efficacy or effectiveness with which the management has conducted the affairs of the company.

For V Shankar & Co Company Secretaries

Place : Hyderabad Date : 11[th] August 2025

Sd/Shankar Viswanathan Sole Proprietor FCS. NO. : 7638 C. P. No. : 8446 UDIN : F007638G000978630

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Annexure II

PARTICULARS OF CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION, FOREIGN EXCHANGE EARNINGS AND OUTGO

A. Conservation of Energy:

(i) The steps taken or impact on conservation of energy:

Measures are taken to reduce energy consumption by using energy-efficient equipment. The Company regularly reviews power consumption patterns across all locations and implement requisite improvements/changes in the process in order to optimize energy/ power consumption and thereby achieve cost savings.

(ii) The steps taken by the Company for utilizing alternate sources of energy:

The Company has two non-conventional power plants, one is 2.025 MW capacity Wind Power Project and the other unit is a 3.75 MW Mini Hydel Project. Further, the company has installed 7.00 MW Waste Heat Recovery power plant to generate energy from waste heat generated from the cement kiln.

(iii) Capital investment on energy conservation equipment during the year: Rs.06.23 Lakhs

Disclosure of Particulars with Respect to Conservation of Energy:

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----- Start of picture text -----

Previous
Current Year
Sl Particulars Year
2024-25
2023-24
I) Power and Fuel Consumption
1 Electricity
a Purchased
Unit: (KWH - Lakh) 513.34 69.49
Total Amount (Rs.in Lakh) 4,114 963.68
Average rate per unit (Rs.) 8.01 13.87
b Own Generation
i Through diesel generator
Units Generated (KWH - Lakh) 0.104 0.037
Total Amount (Rs.in Lakh) 3.27 0.67
Rate per unit (Rs.) 31.42 18.22
Units per Liter of Diesel Oil (Rs.) 2.94 5.02
ii Thermal Generation (CPP)
Units Generated (KWH - Lakh) 326.42 1,081.88
Total Amount (Rs.in Lakh) 2,083.43 7,339.62
Rate per unit (Rs.) 6.38 6.78
iii Waste Heat Recovery (WHR) power plant
Units Generated (KWH - Lakh) 325.90 415.31
Total Amount (Rs.in Lakh) 346.50 380.26
Rate per unit (Rs.) 1.06 0.92
----- End of picture text -----

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Sl Particulars Current Year 2024-25 Previous Year 2023-24 2 Coal: Used as fuel in kiln Quantity (Million K Cal) 7,65,119 10,25,912 Total Cost (Rs.in Lakh) 15,330.58 20,893.84 Average Rate(Rs./ Million K Cal) 2,003.69 2,036.61 II) Power and Fuel consumption per unit of production Electricity (KWH / Tonne of Cement) 75.33 71.44 Coal % 16.34 17.77 Technology Absorption:	Sl Particulars Current Year 2024-25 Previous Year 2023-24	Sl Particulars Current Year 2024-25 Previous Year 2023-24
	2 Coal: Used as fuel in kiln Quantity (Million K Cal) 7,65,119 10,25,912 Total Cost (Rs.in Lakh) 15,330.58 20,893.84 Average Rate(Rs./ Million K Cal) 2,003.69 2,036.61
	II) Power and Fuel consumption per unit of production Electricity (KWH / Tonne of Cement) 75.33 71.44 Coal % 16.34 17.77
(i)	Eforts made towards technology absorption	There was no technology absorption duringFY 2024-25
(ii)	Benefts derived like product improvement, cost reduction, product development or import substitution;	-
(iii)	In case of imported technology (imported during the last three years reckoned from the beginningof the fnancialyear)	There was no import of technology during last three fnancial years
	(a) Details of technologyimported;
	(b) Year of import;
	(c) Whether the technologybeen fullyabsorbed;
	(d) If not fully absorbed, areas where absorption has not taken place, and the reasons thereof; and
(iv)	Expenditure incurred on Research and Development	Nil

B. Technology Absorption:

C. Foreign Exchange Earnings and Outgo:

a) Activities relating to exports; initiatives taken to increase exports; development of new export markets or products and services and export plans:

The Company presently has no export business on hand.

b) Total foreign exchange used and earned:

(Rs. in Lakhs)

==> picture [400 x 38] intentionally omitted <==

----- Start of picture text -----

Particulars Current Year 2024-25 Previous Year 2023-24
Used 542.60 135.81
Earned NIL NIL
----- End of picture text -----

For and on behalf of the Board of Directors, Deccan Cements Limited

Place: Hyderabad Date: 12[th] August 2025

Sd/P. Parvathi Chairperson and Managing Director DIN : 00016597

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Annexure III

(All amount in Rs. Lakhs)

ANNUAL REPORT ON CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES

1. A brief outline of the Company’s CSR policy:

The CSR Committee has formulated a CSR Policy indicating the areas in which activities are to be undertaken. As per the Policy, the Company during the year has undertaken the CSR activities in areas of promoting education, making availability of safe drinking water, preventive health care and rural development projects which have benefited the community at large. These projects are in accordance with Schedule VII of the Companies Act, 2013.

2. The composition of the CSR Committee:

In compliance with the requirements of Section 135 of the Companies Act, 2013 your company has constituted a Corporate Social Responsibility (“CSR”) Committee with the following directors:

Sl. No.	Name of Director	Designation / Nature of Directorship	Number of meetings of CSR Committee held during the year	Number of meetings of CSR Committee attended during theyear
1	Mr. K.P Singh#	Chairman /Independent Director	1	1
2	Mr. Srivari Chandrasekhar*	Chairman /Independent Director	-	-
3	Mrs. Mahpara Ali	Member /Independent Director	1	1
4	Ms. P. Parvathi	Member / Chairperson and ManagingDirector	1	1
5	Mr. S Venkateswarlu*	Member /Whole Time Director	-	-

# Mr. K.P Singh took retirement on 11[th] July 2024.
Mr. Srivari Chandrasekhar was appointed as Chairman and Mr. S Venkateswarlu was appointed as member on 11[th] July 2024.

3. The web-link where Composition of CSR committee, CSR Policy and CSR projects approved by the board are disclosed on the website of the company are as under:

Composition of CSR committee	https://deccancements.com/corporate-governance.php
CSR Policy	http://www.deccancements.com/pdf/CSRPolicy.pdf
CSRprojects approved bythe board	https://deccancements.com/shareholders-information.php

4. Details of Impact assessment of CSR projects carried out in pursuance of sub-rule(3) of rule 8 of the Companies (Corporate Social Responsibility Policy) Rules, 2014, if applicable (attach the report): Not Applicable

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5. Details of the amount available for set-off in pursuance of sub-rule (3) of rule 7 of the Companies (Corporate Social Responsibility Policy) Rules, 2014 and amount required for set-off for the financial year, if any:

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----- Start of picture text -----

Sl. Financial Amount available for set-off from Amount required to be set-off for the
No. Year preceding financial years financial year, if any
----- End of picture text -----

7.

Sl. No.	Financial Year	Amount available for set-of from preceding fnancialyears	Amount required to be set-of for the fnancialyear, if any	Amount required to be set-of for the fnancialyear, if any

1	2023-24	13.35	13.35
2	2022-23	Nil	Nil
3	2021-22	Nil	Nil
	Total	13.35	13.35

Average netproft of the companyasper section 135(5):				7,954.04

(a)	Twopercent of average netproft of the companyasper section 135(5)			159.08
(b)	Surplus arising out of the CSR projects or programs or activities of the previous fnancialyears.			Nil
(c)	Amount required to be set-of for the fnancialyear,if any			13.35
(d)	Total CSR obligation for the fnancialyear(7a+7b-7c)			145.73

8. (a) CSR amount spent or unspent for the financial year:

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----- Start of picture text -----

Amount Unspent
Total Amount Total Amount transferred to Amount transferred to any fund specified
Spent for the Unspent CSR Account as under Schedule VII as per second proviso
Financial Year per section135(6) to section 135(5)
Date of Name of Date of
Amount Amount
transfer the Fund transfer
147.00 - - - - -
----- End of picture text -----

(b) Details of CSR amount spent against ongoing projects for the financial year:

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----- Start of picture text -----

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
Amount Mode of
transferred to Implementation-
Unspent CSR Through
Account for Implementing
the project as Agency
per Section
135(6) CSR
Name Regd.
No.
- - - - - - - - - - - - -
project
Sl. No to the Act Location of the Mode of (Yes/No)
the project
Project duration
Name of the Project Item from the list of activities in Schedule VII Local area (Yes/No) State District Amount allocated for Amount spent in the current financial Year Implementation-Direct
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(c) Details of CSR amount spent against other than ongoing projects for the financial year:

(1)	(2)	(3)	(4)	(5)	(5)	(6)	(7)	(8)	(8)
Sl. No.	Name of the Project	Item from the list of activities in schedule-VII to the Act	Local area (Yes/ No)	Location of the project.		Amount spent for the project	Mode of implementation -Direct (Yes/ No)	Mode of implementation- Through implementing agency
				State	District			Name	CSR Regd. No.
1	Making available safe drinking water: Repair of RO Plants and Installation of Distilling Water Tanks in Surrounding Villages	(i)	Yes	Telangana	Suryapet	1.45	Yes	-	-
2	Promoting health care including preventive health care: Providing Medical camps and Providing Facilities at PHC	(i)	Yes	Telangana	Suryapet	1.09	Yes	-	-
3	Sanitation: Constructing Toilets in Surrounding Villages	(i)	Yes	Telangana	Suryapet	12.74	Yes	-	-

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(1)	(2)	(3)	(4)	(5)	(5)	(6)	(7)	(8)	(8)
. No.	the Project	ist of activities in VII to the Act	ea (Yes/ No)	Location of the project.		t for the project	plementation (Yes/ No)	Mode of implementation- Through implementing agency
Sl	Name of	Item from the l schedule-	Local ar	State	District	Amount spen	Mode of im -Direct	Name	CSR Regd. No.
4	Promoting Education: DCL High School	(ii)	Yes	Telangana	Suryapet	75.31	Yes	-	-
5	Promoting Education: Compound walls in Janpahad Primary School	(ii)	Yes	Telangana	Suryapet	3.21	Yes	-	-
6	Rural Development Projects: Laying CC Roads, Installation of Precast Benches, and other Works in Surrounding Villages	(x)	Yes	Telangana	Suryapet	53.20	Yes	-	-
	Total					147.00
Amount spent in Administrative Overheads: Nil Amount spent on Impact Assessment, if applicable: Nil

(f) Total amount spent for the Financial Year (8b+8c+8d+8e): 147.00

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(g) Excess amount for set off, if any:

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----- Start of picture text -----

Sl.
Particular Amount
No.
----- End of picture text -----

Sl. No.	Particular	Amount

(i)	CSR Obligation of the companyasper section 135(5):	145.73
(ii)	Total amount spent for the Financial Year	147.00
(iii)	Excess amount spent for the fnancialyear[(ii)-(i)]	1.27
(iv)	Surplus arising out of the CSR projects or programs or activities of the previous fnancialyears,if any	Nil
(v)	Amount available for set-of in succeedingfnancialyears[(iii)-(iv)]	1.27

9. (a) Details of Unspent CSR amount for the preceding three financial years:

Sl.	Preceding Financial	Amount transferred to Unspent	Amount spent in the reporting	Amount transferred to any fund specifed under Schedule VII as per section 135(6), if any	Amount transferred to any fund specifed under Schedule VII as per section 135(6), if any	Amount transferred to any fund specifed under Schedule VII as per section 135(6), if any	Amount remaining to be spent in succeeding Financial years
No.	Year	CSR Account under section 135(6)	Financial Year	Name of the Fund	Amount	Date of transfer
1	2023-24	-	-	-	-	-	-
2	2022-23	-	-	-	-	-	-
3	2021-22	-	-	-	-	-	-
	Total	-	-	-	-	-	-

(b) Details of CSR amount spent in the financial year for ongoing projects of the preceding financial year(s):

(1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)
Sl. No.	Project ID	Name of the Project	Financial Year in which the project was commenced	Project duration	Total amount allocated for the project	Amount spent on the project in the reporting Financial Year	Cumulative amount spent at the end of reporting Financial Year	Status of the project - Completed / Ongoing
1	-	-	-	-	-	-	-	-
2	-	-	-	-	-	-	-	-
3	-	-	-	-	-	-	-	-
	Total	-	-	-	-	-	-	-

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10. Details relating to the capital asset created or acquired through CSR spent in the financial year: (asset-wise details): Not Applicable

(a) Date of creation or acquisition of the capital asset(s):
(b) Amount of CSR spent for creation or acquisition of capital asset:
(c) Details of the entity or public authority or beneficiary under whose name such capital asset is registered, their address etc.
(d) Provide details of the capital asset(s) created or acquired (including complete address and location of the capital asset(s).

11. Specify the reason(s) why the company has failed to spend two per cent of the average net profit as per section 135(5): Not Applicable

Sd/Sd/P. Parvathi Srivari Chandrasekhar Chairperson and Managing Director Chairman, CSR Committee DIN: 00016597 DIN: 00481481 Place: Hyderabad Place: Hyderabad Date: 27.05.2025 Date: 27.05.2025

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Annexure IV

REMUNERATION DETAILS PURSUANT TO SECTION 197(12) OF THE COMPANIES ACT, 2013 READ WITH RULE 5 OF THE COMPANIES (APPOINTMENT AND REMUNERATION OF MANAGERIAL PERSONNEL) RULES, 2014

i) The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the financial year:

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----- Start of picture text -----

Ratio of remuneration to
Name of Directors Designation
Median Remuneration
----- End of picture text -----

Name of Directors	Designation	Ratio of remuneration to Median Remuneration

Mr. K P Singh_*_	Independent Director	0.14
Mrs. Mahpara Ali	Independent Director	0.74
Mr. Paturi Srinivasa Rao	Independent Director	0.65
Mr. Rabindra Srikantan	Independent Director	0.50
Mr. Srivari Chandrasekhar	Independent Director	0.61
Ms. P Parvathi	Chairperson and ManagingDirector	30.04
Mr. S Venkateswarlu	Whole Time Director	10.08

* Mr. K P Singh took retirement on 11.07.2024.

The percentage in increase/(decrease) in remuneration of each director, chief financial officer, Company Secretary, if any, in the financial year:

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----- Start of picture text -----

% increase / (decrease) in
Name of Directors / KMP Designation
Remuneration
----- End of picture text -----

Name of Directors / KMP	Designation	% increase / (decrease) in Remuneration

Mr. K P Singh_*_	Independent Director	NA
Mrs. Mahpara Ali	Independent Director	NA
Mr. Paturi Srinivasa Rao	Independent Director	NA
Mr. Rabindra Srikantan	Independent Director	NA
Mr. Srivari Chandrasekhar	Independent Director	NA
Ms. P Parvathi	Chairperson and ManagingDirector	(35.19)
Mr. S Venkateswarlu	Whole Time Director	21.96
Mr. D. Raghava Chary	Chief Financial Ofcer	10.51
Mr. Bikram Keshari Prusty	CompanySecretary	12.02

Note: The Independent Directors of the Company are entitled only for sitting fee and commission as per the statutory provisions and within the limits approved by the shareholders.

ii) The percentage increase in the median remuneration of Employees for the financial year: 7.74%

iii) There were 357 permanent employees as on 31[st] March 2025.

iv) Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration:

The average increase in the remuneration of employees excluding KMPs during FY 2024-25 was 4.94% and the average decrease in the remuneration of KMPs during FY 2024-25 was 20.91% (due to decrease in profit in FY 2024-25, no Commission is payable to the Chairperson and Managing Director).

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v) The remuneration of Directors was as per the Remuneration Policy of the Company.

vi) Details of Top 10 Employees:

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----- Start of picture text -----

No. of
Remune- Date of
Last Shares
Sl. ration Qualification Commen- Employ- held
Name Designation (Annual) & cement of Age
No. ment in the
Rs. in Experience Employ-
Details Comp-
Lakhs ment
any
----- End of picture text -----

Sl. No.	Name	Designation	Remune- ration (Annual) Rs. in Lakhs	Qualifcation & Experience	Date of Commen- cement of Employ- ment	Age	Last Employ- ment Details	No. of Shares held in the Comp- any

1	N. Srinivasa Raju	Vice President (Works)	42.02	B. Tech (Mech) & 31 Years	07-11-2019	56	Sr.GM (O&M) My Home Ind. Pvt. Ltd	-
2	C Ramesh Reddy	Sr. Vice President (Marketing)	38.13	B. com, MBA, LLB & 29 Years	10-10-2008	54	Dy. Manager (Sales) - Ultra Tech Cement Ltd.	-
3	D. Raghava Chary	Vice President (Finance) & CFO	36.15	ACA & 36 Years	15-04-2019	62	GM- (Finance & Admin)- Raycom Eng Systems Limited (Dubai)	2
4	Bikram Keshari Prusty	General Manager (Legal) & Company Secretary	30.49	M.Com, LLB. & 17 Years	08-07-2019	52	Company Secretary – Nile Limited	1
5	B. Jagan Mohan Rao	General Manager (Projects)	29.30	BE (Mech.), MBA & 30 Years	20-01-2022	55	DGM, Unit Head- ACB India Limited	-
6	P. Srinivasa Rao	General Manager (Mech)	26.63	B. Tech (Mech. Eng.) & 28 Years	06-01-2011	57	Dy. Manager (Mechanical) - India Cements Limited	-
7	S. Naga- malleswara Rao	Chief General Manager (P&A)	26.28	LLB, MA & 34 Years	17-07-2015	60	Sr. Manager (HR) – Anjani Portland Cement Ltd.	-

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==> picture [418 x 75] intentionally omitted <==

Sl. No.	Name	Designation	Remune- ration (Annual) Rs. in Lakhs	Qualifcation & Experience	Date of Commen- cement of Employ- ment	Age	Last Employ- ment Details	No. of Shares held in the Comp- any

8	P. Anirudh Raju	General Manager (Corporate Services & Projects)	25.96	BE (Mech.), M.Sc. (Material Science) & 6 Years	01-01-2018	34	-	23,406
9	D. Kalyan Chakravarthy	General Manager (Mines)	23.63	M. Tech, MBA & 30 Years	08-02-2012	58	Senior Manager (Mines) -Lalitha Cements Limited	-
10	K V L NARASIMHA RAO	Dy. General Manager (P&QC)	23.42	B.Sc. & 36 Years	06-04-2017	58	Senior Manager (P&QC) - Sagar Cements Limited	50

Note:

All the above employees are under regular employment contract.
None of the above employees is relative of any director of the company, except Mr. P. Anirudh Raju, who is the son of Ms. P. Parvathi, Chairperson and Managing Director of the company.

For and on behalf of the Board of Directors, Deccan Cements Limited

Place: Hyderabad Date: 12[th] August 2025

Sd/P. Parvathi Chairperson and Managing Director DIN : 00016597

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MANAGEMENT DISCUSSION AND ANALYSIS REPORT

MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Deccan Cements Limited, with an existing installed capacity of 2.2 Million Tons per annum is in it’s final stage of completion of the ongoing expansion project at the existing plant location. After completion of the expansion project, the total install capacity of the Company will be 4.00 Million Tons per annum. Deccan Cement with an existence of more than four decades has a good reputation in south Indian cement and will now be ready to cater to growing infrastructure development projects.

Global Economy:

The International Bank for Reconstruction and Development (a World Bank Group) in its Global Economic Prospects states that the global economy is facing substantial headwinds, emanating largely from an increase in trade tensions and heightened global policy uncertainty. For emerging market and developing economies (EMDEs), the weak outlook limits their ability to boost job creation and reduce extreme poverty. According to EY, the Global economic activity is expected to maintain modest but uneven momentum. The real global GDP growth will decelerate to around 3.0% in 2025 and 2.9% in 2026, following a 3.2% advance in 2024, as rising trade frictions, persistent geopolitical and policy uncertainty, elevated market volatility, and inflation divergence reshape the global outlook. Regional growth patterns have become more fragmented, with developed markets losing steam and emerging markets showing varied resilience. However, India remains a global bright spot, underpinned by infrastructure investment and strong domestic demand, with GDP growth projected at 6.6% in 2025 and 6.5% in 2026, following a 6.7% advance in 2024.

Indian Economy:

India’s economic outlook for 2025 remains positive, with projections indicating it will be the fastestgrowing major economy, though growth is expected to be moderate compared to recent years. The IMF forecasts a 6.4% GDP growth for both 2025 and 2026. Other organizations like the UN and the CII also project growth within the 6.3-6.7% range. This growth is fuelled by strong domestic demand, government investments, and a resilient services sector. Risks persist on the external front due to US trade

measures, while manufacturing remains subdued. As per OECD, private consumption is supported by rising real incomes and lower personal income taxes. Investment will remain strong, bolstered by easing financial conditions. However, export growth is expected to slow due to weaker global demand, the impact of higher tariffs and heightened trade policy uncertainty.

India’s economic activity is gaining momentum amid continuing global uncertainties. India continues to maintain its position as the fastest-growing economy among emerging markets and developing economies. The Indian economy exhibits robust fundamental policies by Reserve Bank of India (RBI), which plays a key role in maintaining stability through its adept monetary policy framework. By carefully managing interest rates and liquidity, the RBI aims to control inflation while fostering sustainable economic growth. It ensures a resilient financial sector, contributing to overall economic stability. Higher economic growth typically correlates with increased job creation and improved social security measures. When a country’s GDP grows faster, businesses tend to expand and invest more.

Industry Structure and Developments:

The general elections, extended monsoon, weak spending by state government, slow pace of project execution and real estate market, impacted the demand and price of Cement in FY 2024-25.

Infrastructure, which accounts for 30% of the domestic cement demand, is expected to remain a key demand driver in the FY 2025-26. Roads, followed by railways, irrigation and urban infrastructure are the main infra projects, which need cement. Further, a healthy monsoon season this year will boost the agricultural income, which will create demand of house in rural areas, due to which the demand of cement will increase. In addition, due to higher budgetary allocation for several schemes by central government, such as PMGSY and MNREGA, will also support cement consumption. Allocation for the Pradhan Mantri Awas Yojana-Urban scheme in the Union Budget 2025-26 is more by 45%, due to which the urban housing segment is expected to regain momentum in the FY 2025-26, which will support cement consumption.

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Opportunities:

The Andhra Pradesh Capital Region Development Authority (CRDA) has called for tenders to build a state-of-the-art secretariat in Amaravati at an estimated cost of ₹4,668 crore. The Union government granted in-principle approval for two significant infrastructure projects, for the construction of a common central secretariat and a general pool residential accommodation for central government employees, within the capital city of Amaravati with a combined cost of ₹2,787 crore. Andhra Pradesh Chief Minister announced that the state government is targeting to complete the Polavaram project by October 2026. The HUDCO, a navaratna central public sector enterprise, has pledged to provide a loan of ₹11,000 crore for the construction of the Amaravati greenfield capital city in Andhra Pradesh. This loan will contribute to the ₹26,000 crore required for the first phase of Amaravati’s development. The World Bank and the Asian Development Bank (ADB) have already committed ₹15,000 crore.

Hyderabad Regional Ring Road at an estimated cost of ₹17,000 crore, Nagpur - Vijayawada Expressway at an estimated cost of ₹14,666 crore, proposed bus rapid transit (BRT) system ‘Warangal Metro Neo’ at an estimated cost of ₹1,100 crore, 713 kilometer-long 4 lane semi-access-controlled Hyderabad - Indore Expressway, 31 kilometer Hyderabad Airport Express Metro, 4,000 MW coal-fired Telangana Super Thermal Power Project in Ramagundam, Telangana, Sitamma Sagar Project on the Krishna River in Telangana, at an estimated cost of ₹10,000 crore, the proposed 1,100 km long, six-lane, Greenfield access-controlled Nagpur - Hyderabad - Bangalore Expressway at an estimated budget of ₹35,000 crore, Hyderabad Pharma City, a large-scale pharmaceutical and life sciences industrial park, are the few infrastructure projects in Telangana which will boost the cement demand.

Threats:

Excess production facilities in a region may lead to tougher competition.
The cement industry greatly relies on construction activities. Therefore, any problem in construction activities will affect the cement industry to a large extent.
Scarcity in supply of raw material.
Increase of power and fuel cost.
Increase in steel and other building material cost will have impact on cement consumption.

However, the ongoing and proposed infrastructure projects will encourage the demand of cement in near future.

Segment–wise or product-wise performance:

The Company operates in a single product segment and the product is a generic one with small variations in the form of OPC, PPC, SRC etc., and it does not require much elaboration on segment wise / product wise performance.

Outlook:

Considering the overall situation and the developments taking place in Industry, the outlook for the future is expected to be stable.

The management of your company is working for increasing the cement production capacity by 2.2 Million Tons in the existing cement plant location. We are expecting to commence production from the new Line-III unit by end of 2025.

During FY 2021-22, your Company had participated in the auction process for the purpose of grant of Limestone Mining Lease in Rata Mandha-1A (RM1A) Block, Shri Mohangarh Tehsil, Jaisalmer District, Rajasthan. However, the auction process shall remain subject to the decision of the Hon’ble High Court of Rajasthan in SB Civil WP No.16345/2018. Though, the Company was declared as the preferred bidder in December 2021, the Letter of Intent (LOI) was issued in March 2023. Your company is in the process of obtaining the statutory approvals required for the mining operations.

During FY 2024-25, your company had participated in the auction process for the Limestone Mining Lease in Block II - Saidulnama Block for Limestone Mineral in Mahankali Gudem village, Palakeedu Mandal, Suryapet District on 170.74 Hectare Area. The Company was declared as the preferred bidder in November 2024, and the Letter of Intent (LOI) was issued to the company in January 2025. Your company is in the process of obtaining the statutory approvals required for the mining operations.

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MANAGEMENT DISCUSSION AND ANALYSIS REPORT

Risks and Concerns:

The company can be said to have the following risks and concerns which are commonly applicable to any cement unit.

Lower demand growth leading to Lower Capacity utilization;
Drop in realizations which may impact the margins;
Regular increases in cost of inputs leading to impact on margins;
Probable Uncertainties in Coal supplies and increase in the prices;
Upward revisions in international crude prices leading to Increase in transportation cost, for both input materials and finished goods;
Adverse Changes in Government Policies impact the costs, demand and supply;

Internal Control Systems and their Adequacy:

The internal control system in the Company has a process designed to take care of various controls and audit requirements. It aims at effectiveness in the operations and protection of the company’s assets from any possible loss and unauthorised use. It also helps proper and correct data being recorded, ensuring transparency. The design of the processes is such that there is an adequate, appropriate and need based control on the activities / business operations of the Company.

The Internal Control system is backed by an established and adequate Internal Audit System which is carried out by an independent firm of Chartered Accountants of repute and experience. The internal auditors review periodically to ensure robust control systems for effective control. The internal auditors submit their reports to the Audit Committee of the Board of Directors for their review. The Internal Control system ensures that the Internal Audit Scope is adequate and their reviews are well directed to achieve the desired objectives. The Audit Committee also reviews the adequacy and effectiveness of internal control systems and suggests improvements from time to time.

The compliance of the legal and statutory requirements is given utmost importance to ensure efficiency in operations / reporting and controls. All parameters in all operations / activities are monitored regularly to ensure desired results.

Financial and Operational Performance:

During the year under review, the Company’s operational performance was not encouraging. During FY 2024-25 the Company sold 13.90 Lakh MT’s of cement, as against 19.17 Lakh MT’s during FY 2023-24, which is about 27.49% lower in FY 2024-25.

The revenue from Cement sales in FY 2024-25 stands at Rs.51,964.02 Lakhs, as against Rs.79,651.59 Lakhs in FY 2023-24, which is about 34.76% lower in FY 2024-25. During FY 2024-25 the Company had a turnover of Rs. 52,697.72 Lakhs from operations which is about 34.08% lower than previous year (FY 2023-24: Rs. 79,942.50 Lakhs).

The demand for the product and the price fluctuations can be gauged from the fact that the volume of cement sale was lowered by 27.49%, whereas, the revenue was lowered by 34.76% during the year.

Details of the Company’s Performance on the basis of sale of products are given in the Note No.18 to the Financial Statements forming part of this Annual Report.

With decrease in the Volume of sales by 27.49%, the revenue from operations decreased by 34% (Rs.27,244.78 Lakhs), due to low price. Further, due to decrease in revenue the EBIDTA margin decreased by 53.02%, and Profit before exceptional item and tax was decrease of 84.59% (Rs.5,904.66 Lakhs) [FY 2024-25: Rs.1,075.54 Lakhs V/s. FY 2023-24: Rs.6,980.20 Lakhs].

The Profit after Tax for the year stood at Rs.753.30 Lakhs compared to Rs.3,726.27 Lakhs for the previous year (a decrease of about 80%).

As per the requirement, the company is required to comment upon the changes in the specified ratios beyond a threshold limit (i.e. change of 25% or more as compared to the immediately previous financial year) along-with a detailed explanation thereof.

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MANAGEMENT DISCUSSION AND ANALYSIS REPORT

The details of ratios and the variance are as given below:

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Particulars (Ratio) 2024-25 2023-24 Variance
Debtors Turnover Ratio 9.34 19.43 (51.47%)
Inventory Turnover Ratio 5.23 7.46 (29.89%)
Interest Coverage Ratio 1.84 6.64 (72.29%)
Current Ratio 1.17 1.46 (19.86%)
Debt Equity ratio 0.99 0.72 37.50%
Operating profit Margin ratio (%) 4.00% 10.00% (80.00%)
Net profit margin ratio (%) 1.00% 5.00% (80.00%)
Return on Equity / Net worth 0.01 0.05 (80.00%)
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Decrease in Debtors Turnover Ratio: Due to decrease in sales.

Decrease in Inventory Turnover Ratio: Due to reduction in sales quantity and price resulted in profits

Decrease in Interest Coverage Ratio: Due to decrease in sales and profits.

Increase in Debt Equity Ratio: Due to increase in the borrowings for the expansion projects.

Decrease in Operating profit Margin ratio, Net This is Profit Margin Ratio, and Return on Equity: due to decrease in sales and profits.

Human Resources & Industrial Relations:

The Company believes that the people are its assets and continues its focused attention on nurturing and developing its human resources through continuous training, motivation and engagement initiatives. The relationship with employees continues to be cordial and harmonious and always provides a positive and conducive environment to improve efficiency. Emphasis on competency improvement through skill and capability development, training programs and rationalization of work methods, has improved employees productivity and morale. The Company’s Health and Safety Policy aims at providing a healthy and safe working environment for the employees. As on 31[st] March 2025, the Company has 357

employees who are engaged in its various units and corporate office.

Cautionary Statement:

Statements in the “Management Discussion & Analysis Report” which seek to describe the Company’s objective, projections, estimates, expectations or predictions may be considered to be “forward looking statements” within the meaning of applicable securities laws or regulations. Actual results could differ materially from those expressed or implied. Important factors that could make a difference to the Company’s operations include demandsupply conditions, increase in installed capacities prices of input materials, cyclical demand, pricing in the Company’s markets, changes in Government regulations, tax regimes etc., besides other factors such as litigation and labour related issues.

For and on behalf of the Board of Directors, Deccan Cements Limited

Sd/P. Parvathi Chairperson and Place: Hyderabad Managing Director Date: 12[th] August 2025 DIN : 00016597

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[See Regulation 34(2)(f)]

SECTION-A: GENERAL INFORMATION ABOUT THE COMPANY:

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S.
Particulars Company Information
No.
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S. No.	Particulars	Company Information

1	Corporate Identity Number (CIN) of the Company	L26942TG1979PLC002500
2	Name of the Company	Deccan Cements Limited
3	Registered address	6-3-666/B, Deccan Chambers, Somajiguda, Hyderabad, Telangana-500082
4	Website	www. deccancemets.com
5	E-mail id	[email protected]
6	Financial Year reported	01.04.2024 - 31.03.2025
7	Sector(s) that the Company is engaged in (industrial activity code-wise)	1. Manufacture of clinker and cement (23941 and 23942) 2. Generation of Electricity (35101, 35102 and 35106)
8	List three key products/ services that the Company manufactures/ provides (as in balance sheet):	1. Ordinary Portland Cement (OPC). 2. Portland Pozollana Cement (PPC). 3. Sulphate Resistance Portland Cement (SRC).
9	Total number of locations where business activity is undertaken by the Company
	(a) Number of International Locations (Provide details of major 5)	Nil
	(b) Number of National Locations	5 States (Andhra Pradesh, Telangana, Tamilnadu, Karnataka and Odisha)
10	Markets served by the Company –Local/State/ National/International	Local, State and National

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SECTION-B: FINANCIAL DETAILS OF THE COMPANY:

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S.
Particulars Company Information
No.
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S. No.	Particulars	Company Information

1	Paid up Capital (Rs. in Lakhs)	700.375
2	Total Turnover (Rs. in Lakhs)	52,697.72
3	Total Proft after Taxes (Rs. in Lakhs)	753.30
4	Total Spending on Corporate Social Responsibility (CSR) as percentage of proft after tax (%)	The Company has spent Rs. 147.00 lakhs during the Financial Year 2024-25 on CSR activities, which is more than the minimum requirement after adjustment of brought forward excess amount spent in previous FY 2024-25 from 2% of average proft after tax 3 preceding years.
5	List of activities in which expenditure in 4 above has been incurred	1. Promoting Education 2. Rural Development projects 3. Promoting Health Care including Preventive Health Care, Sanitation and making available safe drinking water

SECTION-C: OTHER DETAILS:

S. No.	Particulars	Company Information
1	Does the Company have any Subsidiary Company/Companies	Yes
2	Do the Subsidiary Company/ Companies participate in the BR Initiatives of the parent company? If yes, then indicate the number of such subsidiary company(s)	No
3	Do any other entity/entities (e.g. suppliers, distributors etc.) that the Company does business with, participate in the BR initiatives of the Company? If yes, then indicate the percentage of such entity/entities? [Less than 30%, 30-60%, More than 60%]	No. The other entities with whom the Company does business with, viz. suppliers, distributors etc., do not participate in the BR initiatives of the Company.

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SECTION-D: BR INFORMATION:

1. Details of Director/Directors responsible for BR:

(a) Details of the Director/Director responsible for implementation of the BR policy/policies:

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No. Particulars Details
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No.	Particulars	Details

1	DIN Number (if applicable)	00016597
2	Name	Parvathi Penmetcha
3	Designation	Chairperson and Managing Director

(b) Details of the BR head:

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No. Particulars Details
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No.	Particulars	Details

1	DIN Number(if applicable)	00016597
2	Name	Parvathi Penmetcha
3	Designation	Chairperson and ManagingDirector
4	Telephone number	040-23310168
5	e-mail id	[email protected]

2. Principle-wise (as per NVGs) BR Policy/policies:

The National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business released by the Ministry of Corporate Affairs has adopted nine areas of Business Responsibility. These are as follows:

P 1	Businesses should conduct andgovern themselves with Ethics, Transparencyand Accountability
P 2	Businesses should provide goods and services that are safe and Contribute to sustainability throughout their life cycle
P 3	Businesses shouldpromote the wellbeingof all employees
P 4	Businesses should respect the interests of and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized
P 5	Businesses should respect andpromote human rights
P 6	Business should respect,protect and make eforts to restore the environment
P 7	Businesses, when engaged in infuencing public and regulatory policy should do so in a responsible manner
P 8	Businesses should support inclusivegrowth and equitable development
P 9	Businesses should engage with and provide value to their customers and consumers in a responsible manner

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(a) Details of compliance (Reply in Y/N):

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P P P P P P P P P
No. Questions
1 2 3 4 5 6 7 8 9
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No.	Questions	P 1	P 2	P 3	P 4	P 5	P 6	P 7	P 8	P 9

1	Do you have a policy/ policies for	Y	Y	Y	Y	Y	Y	Y	Y	Y
2	Has the policy being formulated in Consultation with the relevant stakeholders?	Y	Y	Y	Y	Y	Y	Y	Y	Y
3	Does the policy conform to any national/ international standards? If yes, specify? (50 words)	Y	Y	Y	Y	Y	Y	Y	Y	Y
4	Has the policy being approved by the Board? Is yes, has it been signed by MD/ owner/ CEO/ appropriate Board Director?	Y	Y	Y	Y	Y	Y	Y	Y	Y
5	Does the company have a specifed committee of the Board/ Director/ Ofcial to oversee the implementation of thepolicy?	Y	Y	Y	Y	Y	Y	Y	Y	Y
6	Indicate the link for the policy to be viewed online?	http://www.deccancements.com/corporate- governance.php
7	Has the policy been formally communicated to all relevant internal and external stakeholders?	Y	Y	Y	Y	Y	Y	Y	Y	Y
8	Does the company have in-house structure to implement the policy/ policies.	Y	Y	Y	Y	Y	Y	Y	Y	Y
9	Does the Company have a grievance redressal mechanism related to the policy/ policies to address stakeholders’ grievances related to the policy/ policies?	Y	Y	Y	Y	Y	Y	Y	Y	Y
10	Has the company carried out independent audit/ evaluation of the working of this policy by an internal or external agency?	Y	Y	Y	Y	Y	Y	Y	Y	Y

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(b) If answer to the question at serial number 1 against any principle, is ‘No’, please explain why: (Tick up to 2 options)

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P P P P P P P P P
No. Questions
1 2 3 4 5 6 7 8 9
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No.	Questions	P 1	P 2	P 3	P 4	P 5	P 6	P 7	P 8	P 9

1	The company has not understood the Principles	-	-	-	-	-	-	-	-	-
2	The company is not at a stage where it fnds itself in a position to formulate and implement thepolicies on specifedprinciples	-	-	-	-	-	-	-	-	-
3	The company does not have fnancial or manpower resources available for the task	-	-	-	-	-	-	-	-	-
4	It isplanned to be done within next 6 months	-	-	-	-	-	-	-	-	-
5	It is planned to be done within the next 1 year	-	-	-	-	-	-	-	-	-
6	Anyother reason(please specify)	-	-	-	-	-	-	-	-	-

3. Governance related to BR:

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No. Particulars Details
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No.	Particulars	Details

(a)	Indicate the frequency with which the Board of Directors, Committee of the Board or CEO to assess the BR performance of the Company. Within 3 months, 3-6 months, Annually, More than 1year	The performance on aspects of BR is reviewed by the Chairperson and Managing Director on periodical basis and at least once a year put up to the CSR Committee as well as to the Board.
(b)	Does the Company publish a BR or a Sustainability Report? What is the hyperlink for viewing this report? How frequently it is published?	The Company publishes the information on Business Responsibility which forms part of the Annual Report of the Company. The same will be disclosed on the website of the Company at “www.deccancements.com”.

SECTION-E: PRINCIPLE-WISE PERFORMANCE:

Principle -1:

Businesses should conduct and govern themselves with Ethics, Transparency and Accountability

1. Does the policy relating to ethics, bribery and corruption cover only the company? Yes/No. Does it extend to the Group/ Joint Ventures/ Suppliers/ Contractors/ NGOs/ Others?

Yes. The policies relating to ethics, bribery and corruption as well as the Whistleblower Policy covers the Directors, Employees, Vendors and Customers of the Company.

The Board of the Company has also adopted a Code of Conduct (Code) which applies to the Directors, Key Managerial Personnel and the senior management of the Company. The Company obtains an annual confirmation affirming compliance with the Code from the Directors, Key Managerial Persons and the senior management every year.

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How many stakeholder complaints have been received in the past financial year and what percentage was satisfactorily resolved by the management? If so, provide details thereof, in about 50 words or so .

	Pending as on 01-04-2024	Received during the Year	Redressed during theyear	Pending as on 31-03-2025
Customer Complaints	Nil	Nil	Nil	Nil
Investor Complaints	Nil	37	37	Nil
Consumer cases	Nil	Nil	Nil	Nil

Principle-2:

Businesses should provide goods and services that are safe and Contribute to sustainability throughout their life cycle

List up to 3 of your products or services whose design has incorporated social or environmental concerns, risks and/or opportunities .
(a) The Company is aware of its obligations on its environmental concerns, risk & opportunities appropriately and formulated the cement manufacturing process by considering of its aspects and obligations.
(b) The company has installed world class machinery and State of Art technology for manufacturing of cement by taking care of energy conservation in the process and reduction in natural resources like 6 Stage pre-heater, Vertical roller mills, Reverse Air Bag House for Kiln Exit Gasses and Advanced PLC with FUZI Logic System for Pyro process optimization, Waste Heat recovery for Kiln & Cooler exit gasses, Railway siding for Cement transportation, Wagon tippler for coal unloading, etc., which are known best for the energy conservation and advanced technologies using as on date.
(c) During the year Clinker factor was 65.44% with Fly Ash utilization of 30.34% in PPC, which impacts saving of natural resources like limestone and coal, etc.
For each such product, provide the following details in respect of resource use (energy, water, raw material, etc.) per unit of product (optional):
(a) Reduction during sourcing/ production/ distribution achieved since the previous year throughout the value chain?
(b) Reduction during usage by consumers (energy, water) has been achieved since the previous year?

The company continuously putting its best efforts to reduce the Power/Coal and other fuels consumed per unit of cement produced. The details are as follows:

Consumption per MT of production	Industry Norms	Current Year (FY 2024-25)	Previous Year (FY 2023-24)
Electricity (KWH/MT of Cement)	100	75.33	71.44
HSD(LTRS/T of Clinker)	NA	1.048	0.889
Specifc Heat(K.Cal/KgClinker)	800	745.63	746.78

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Does the company have procedures in place for sustainable sourcing (including transportation)?

If yes, what percentage of your inputs was sourced sustainably? Also, provide details thereof, in about 50 words or so.

Yes. The company has implemented ISO Policy for Quality, Environment, Health & Safety, which covers continual improvement, operational efficiency, people orientation, customer focus, fulfillment of stakeholders’ interests, and, discharge of corporate responsibilities.

The company has been focusing in sustainability of environment, water conservation as well as energy conservation, and implemented the same like treating of domestic sewage water and usage of Fly Ash and Gypsum in Cement Manufacturing process, Power generation from Waste Heat Recovery technology, Railway sliding for Cement Loading at Plant, Cement transportation and unloading facility using wagon tippler. Our company has long term leases for limestone, agreements with Power Plants for supply of fly ash, agreements with Singareni Calories Limited for supply of Coal, etc.

4. Has the company taken any steps to procure goods and services from local &small producers, including communities surrounding their place of work?

If yes, what steps have been taken to improve their capacity and capability of local and small vendors?

Yes. Our Company encourages procurement of goods and services from local and small producers surrounding its plant locations, to encourage the local employment to the society. Our contractors who are engaged in operational and maintenance of plants mostly employ workmen from nearby villages.

Does the company have a mechanism to recycle products and waste?

If yes, what is the percentage of recycling of products and waste (separately as <5%, 5-10%, >10%). Also, provide details thereof, in about 50 words or so.

Yes. Our Captive Power Plant generates Bottom Ash and Fly Ash, and 100% of the same is being used during manufacturing of PPC.

Waste water generated from our plant and residential colony is recycled and reused for green belt development purpose.

Waste heat generated from the Kilns are being used to generate energy.

Waste generated from the residential colony are being used as alternative fuel in Kilns.

Principle-3:

Businesses should promote the well-being of all employees

Please indicate the Total number of employees: 357
Please indicate the Total number of employees hired on temporary/ contractual/ casual basis : 683
Please indicate the Number of permanent women employees : 6
Please indicate the Number of permanent employees with disabilities : Nil
Do you have an employee association that is recognized by management : Yes, we have recognized trade unions affiliated to either of TNTUC, INTUC.

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What percentage of your permanent employees is members of this recognized employee association? 6%
Please indicate the Number of complaints relating to child labour, forced labour, involuntary labour, sexual harassment in the last financial year and pending, as on the end of the financial year.

No.	Category	No of complaints fled during the fnancial year	No of complaints pending as on end of the fnancial year
1	Child labour/ forced labour/ involuntarylabour	Nil	Nil
2	Sexual harassment	Nil	Nil
3	Discriminatory employment	Nil	Nil

What percentage of your under mentioned employees were given safety & skill up-gradation training in the last year?

(a)	Permanent Employees	100% Safety training and skill up gradation (on job Training/safetyinduction/Tool box Talks/ Orientation)
(b)	Permanent Women Employees	100% Safety training and skill up gradation (on Job Training/ Safetyinduction /Tool box Talks/ Orientation)
(c)	Casual/Temporary/Contractual Employees	100% Safety training by way working OJT & Pep Talks
(d)	Employees with Disabilities	Not Applicable

Principle-4

Businesses should respect the interests of and be responsive towards all stakeholders, especially those who are disadvantaged, vulnerable and marginalized.

Has the company mapped its internal and external stakeholders? Yes/No
Yes, the company has mapped its internal as well as external stakeholders.
Out of the above, has the company identified the disadvantaged, vulnerable & marginalized stakeholders?
The company has further identified the disadvantaged, vulnerable and marginalised stakeholders, namely the communities around its manufacturing sites and its workers/contractual workers.
Are there any special initiatives taken by the company to engage with the disadvantaged, vulnerable and marginalized stakeholders. If so, provide details thereof, in about 50 words or so.

A comprehensive stakeholder engagement program operates to facilitate several initiatives for engagement of different stakeholders.

Continuous training on safety are held with employees, contract workers and the community to ensure ‘Zero Harm’ level. The communities and its people are being identified as important stakeholders. All the programs have defined goal and objectives and aim to specially focus the underprivileged and marginalized section of communities. Our team promotes communication between the plant, stakeholders and its neighboring community.

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Principle-5

Businesses should respect and promote human rights.

Does the policy of the company on human rights cover only the company or extend to the Group/ Joint Ventures/Suppliers/Contractors/NGOs/Others?

All aspects of the human rights are in built and covered under the Code of Business Conduct as well in various human resource practices.

How many stakeholder complaints have been received in the past financial year and what percent was satisfactorily resolved by the management?

The Company has received 37 stakeholder (Shareholders) complaints in during FY 2024-25 and 100% of the complaints were satisfactorily resolved by the management.

Except the above, the Company did not receive any other stakeholder complaint pertaining to human rights during the financial year 2024-25.

Principle-6

Business should respect, protect and make efforts to restore the environment.

Does the policy related to Principle 6 cover only the company or extends to the Group/Joint Ventures/Suppliers/Contractors/NGOs/others.

The Company’s Corporate Environment Policy covers the Company only.

Does the company have strategies/ initiatives to address global environmental issues such as climate change, global warming, etc? Yes/No.
If yes, please give hyperlink for web page etc.

Yes. The Company has taken initiatives for reduction of CO2 by installing Waste Heat Recovery Power Plant, procuring coal through wagons, increased blended cements production up to 76% of the total cement production by using Fly Ash, implemented continuous Energy Monitoring systems, which are addressed in our website “www.deccancements.com”.

Does the company identify and assess potential environmental risks? Yes/No

Yes. The Management is well aware of its environmental risks both internal and external and formulated the Cement manufacturing process by considering its aspects and obligations.

Does the company have any project related to Clean Development Mechanism? If so, provide details thereof, in about 50 words or so. Also, if yes, whether any environmental compliance report is filed?

Yes. The company is under PAT Cycle-II which is one of the programme of NMEEE (National Mission for Enhanced Energy Efficiency) under the project of National Action Plan on Climate Change. We have filed our compliance and met the targets given in the PAT Cycle- II.

Has the company undertaken any other initiatives on – clean technology, energy efficiency, renewable energy, etc.? Yes/No.

If yes, please give hyperlink for web page etc.

Yes, The company is trying to adopt the global latest technologies like installation of 7.0 MW Waste Heat Recovery Power Plant, 3.75 MW Hydel Power plant in Nagarjunasagar Canal, integrating the plant with rail connectivity, installation of Wind Energy, and continuous up-gradation of equipment to improve energy efficiency.

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6. Are the Emissions/Waste generated by the company within the permissible limits given by CPCB/ SPCB for the financial year being reported?

The emissions/waste generated from the plant are well within the limits of the norms prescribed by the SPCB/CPCB. The emission data of the stacks are being uploaded to the State and Central Pollution Control Board Websites regularly. In this connection, the Company is also submitting the said reports to the SPCB every year.

Number of show cause/ legal notices received from CPCB/SPCB which are pending (i.e. not resolved to satisfaction) as on end of Financial Year. Nil.

Principle-7

Businesses, when engaged in influencing public and regulatory policy should do so in a responsible manner.

Is your company a member of any trade and chamber or association? If Yes, Name only those major ones that your business deals with:
(a) Cement Manufacturing Association (CMA)
(b) Confederation of Indian Industry (CII)
(c) Federation of Telangana Chambers of Commerce and Industry (FTCCI)
Have you advocated/lobbied through above associations for the advancement or improvement of public good? Yes/No;

If yes specify the broad areas (drop box: Governance and Administration, Economic Reforms, Inclusive Development Policies, Energy security, Water, Food Security, Sustainable Business Principles, Others)

Yes, the Company actively works with above associations and advocate in the following broad areas which impact the Cement Industry:

Sustainable Mining Practices
Extended Producers Responsibility and safe management of plastic waste
New environmental regulations
Co-processing of municipal & industrial hazardous & non-hazardous wastes
Use of recycled waste materials (construction & demolition waste) in cement and concrete
Manufactured Sand and aggregate from industrial waste
RPO-REC regulations for cement and power plants, PAT regulations
Green Energy status for Waste Heat Recovery System
Development of new product standards for low carbon cement and concrete products
Environment Product Declaration and Green pro-label of Products
Green Buildings
Fly ash based pre-fab building materials
Promotion of Concrete Roads

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Principle-8

Businesses should support inclusive growth and equitable development

1. Does the company have specified programmes/initiatives/projects in pursuit of the policy related to Principle 8? If yes details thereof.

Yes, the Company has the specific programmes/initiatives/projects in pursuance of its CSR policy.

The Company carried out CSR projects in pursuance of inclusive development, primarily focusing on:

Promoting Education
Rural Development
Promoting Health Care including Preventive Health Care, Sanitation and making available safe drinking water

2. Are the programmes/projects undertaken through in-house team/own foundation/external NGO/ government structures/any other organization?

The Company’s CSR projects are mostly implemented through in-house team. In some cases we are implementing through external NGO, other organisation and with the help of local Government Authorities.

3. Have you done any impact assessment of your initiative?

As per the CSR amendment Rule, 2021 the impact assessment studies are not required by the Company. However, internally the Company performs an impact assessment of its initiatives at the end of each year to understand the efficacy of the programme in terms of delivery of desired benefits to the community and to gain insights for improving the design and delivery of future initiatives.

4. What is your company’s direct contribution to community development projects- Amount in INR and the details of the projects undertaken?

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Expenditure
S. No. CSR Projects
(Rs. In Lakhs)
----- End of picture text -----

S. No.	CSR Projects	Expenditure (Rs. In Lakhs)

1	PromotingEducation	78.52
2	Rural Developmentprojects	53.19
3	Promoting Health Care including Preventive Health Care, Sanitation and makingavailable safe drinkingwater	15.29
	Total	147.00

Details of the same are provided in ‘ Annexure-III’ of the Directors Report, which forms part of the Annual Report.

5. Have you taken steps to ensure that this community development initiative is successfully adopted by the community? Please explain in 50 words, or so.

Yes, all the community development initiatives of the Company are implemented through participatory approach. The portfolio of CSR projects are drawn from need assessments done by our internal team through participatory rural appraisal method with the help of local government officials. A panel comprising of different stakeholders from community representatives and functional at plant location, regularly monitors the implementation of CSR initiatives and suggests measures for course corrections. The community ownership and sustainability are the criteria that are built in CSR initiatives from the start by creating community managed organisations. Community contribution is always a priority as that ensures continuance of the project through self-governance model.

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Principle-9

Businesses should engage with and provide value to their customers and consumers in a responsible manner.

What percentage of customer complaints/consumer cases are pending as on the end of financial year.

No customer complaints/ consumer cases are pending as on the end of the financial year.

Does the company display product information on the product label, over and above what is mandated as per local laws? Yes/No/N.A./Remarks (additional information)

No, the Company only displays information as mandated by local laws. No additional information is being provided on the cement bags.

Is there any case filed by any stakeholder against the company regarding unfair trade practices, irresponsible advertising and/or anti-competitive behavior during the last five years and pending as on end of financial year. If so, provide details thereof, in about 50 words or so.

No cases filed by any stakeholder against the company regarding unfair trade practices, irresponsible advertising and/or anti-competitive behavior during the last five years.

Did your company carry out any consumer survey/ consumer satisfaction trends?

The Company carries out consumer survey and satisfaction survey from time to time based on commercial needs.

For and on behalf of the Board of Directors, Deccan Cements Limited

Place: Hyderabad Date: 12[th] August 2025

Sd/P. Parvathi Chairperson and Managing Director DIN : 00016597

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CORPORATE GOVERNANCE REPORT

A report on Corporate Governance is set out in compliance with the Corporate Governance requirements as stipulated in Regulation 34(3) read with Schedule V of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations).

1. STATEMENT ON COMPANY’S PHILOSOPHY ON CODE OF GOVERNANCE:

The Company’s philosophy on Corporate Governance strives to meet its business objectives efficiently and accomplishing its responsibility towards its stakeholders. The Company has been consistently practicing good Corporate Governance. The Company creates an environment for the efficient conduct of the business, enables the management to meet its obligations towards all its stakeholders, including amongst others, customers, employees and the community in which the Company operates.

The Company believes that Corporate Governance provides a structure through which:

Objectives of the Company are set, means for achieving and monitoring performance are determined;
Long term value of the enterprise is maximized;
The business complies with legal and regulatory frameworks; and
Offers better value to shareholders / stakeholders and the society at large.

2. BOARD OF DIRECTORS:

Composition and Category of Directors:

As on 1[st] April 2024 the Board comprises of six directors of whom two were executive including one woman director, four were Non-Executive Independent including one woman independent director.

Mr. Paturi Srinivasa Rao and Mr. Rabindra Srikantan were appointed as Non-Executive Independent Directors with effect from 1st April 2024.

Mr. Srivari Chandrasekhar was appointed as Non-Executive Independent Director with effect from 28[th] May 2024.

Mr. Kanwar Pratap Singh, Non-Executive Independent Director of the Company took retirement on 11[th] July 2024.There were no other material reason.

As on 31[st] March 2025 the Board comprises of six directors of whom two were executive including one woman director, four were Non-Executive Independent including one woman independent director.

Directors as on 31[st] March 2025:

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Name of the Director Category
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Name of the Director	Category

Ms. P. Parvathi	Chairperson and ManagingDirector
Mrs. Mahpara Ali	Non-Executive Independent Director
Mr. Paturi Srinivasa Rao	Non-Executive Independent Director
Mr. Rabindra Srikantan	Non-Executive Independent Director
Mr. Srivari Chandrasekhar	Non-Executive Independent Director
Mr. S. Venkateswarlu	Whole Time Director

The composition of the Board is in conformity with the Regulations 17 of the Listing Regulations read with Section 149 of the Companies Act, 2013.

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Pursuant to provisions of the Listing Regulations all the Board Members have disclosed about the board and the committee positions held by them in other companies.

Board Meetings:

Meetings of the Board of Directors were scheduled well in advance and generally held at the Registered Office of the Company at Hyderabad. Notices of the Board Meeting with the detailed agenda were sent at least seven days in advance to all the Directors. Senior members of the Management of the Company were invited to attend the Board Meetings to provide clarifications as and when required. The Board met at least once in a quarter to review the quarterly performance and unaudited financial results.

The Board of Directors of your company met 5 (five) times during the financial year 2024-25 on the following dates to transact various businesses:

28[th] May 2024;
9[th] August 2024;
12[th] November 2024;
11[th] February 2025;
29[th] March 2025

The gap between two meetings did not exceed one hundred and twenty days. Necessary quorum was present for all the meetings.

Composition, Attendance, Board and Committee Position, as on 31[st] March 2025:

Name of the Directors	Category	No. of Board Meetings during FY 2024-25	No. of Board Meetings during FY 2024-25	Whether attended last AGM held on 20.09.2024	No. of Directorships*	Name of the listed entity and Category of Directorship**	No. of Committees Position held***	No. of Committees Position held***
		Held	Attended				Member	Chairman
Ms. P Parvathi	Executive Director(CMD)	5	5	Yes	1	-	1	-
Mrs. Mahpara Ali	Independent Director	5	5	Yes	1	-	1	1
Mr. Paturi Srinivasa Rao	Independent Director	5	4	Yes	2	Tierra Agrotech Limited (Non-Executive & Non Independent)	2	1
Mr. Rabindra Srikantan	Independent Director	5	4	Yes	2	ASM Technologies Ltd (ManagingDirector)	2	-
#Mr. Srivari Chandrasekhar	Independent Director	5	5	Yes	1	-	2	-
Mr. S. Venkateswarlu	Executive Director	5	5	Yes	1	-	1	-

All Public Limited Companies including Deccan Cements Limited.

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** All listed entities other than Deccan Cements Limited .
*** Chairmanship/membership in Audit and Stakeholders Relationship Committee of all public limited companies whether listed or not, including Deccan Cements Limited are considered.
# Mr. Srivari Chandrasekhar was appointed as Non-Executive Independent Director with effect from 28th May 2024.

None of the other directors are related to any other Director.

No. of Shares held by Non-Executive Directors:

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Name of the Director No. of Equity Shares Held on 31.03.2025
----- End of picture text -----

Name of the Director	No. of Equity Shares Held on 31.03.2025

Mrs. Mahpara Ali	-
Mr. Paturi Srinivasa Rao	600
Mr. Rabindra Srikantan	-
Mr. Srivari Chandrasekhar	-

Familiarisation programme:

The details of the familiarisation programme of the Independent Directors are available on the website of the Company “http://www.deccancements.com/pdf/Details-of-Familiarization-Programme.pdf”

List of core skills/ expertise/ competencies identified by the Board of Directors as required in the context of its business and sector for it to function effectively and those available with the Board:

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Field of
Name of the Specialization/
Director Qualification Profile Existing skills/
expertise/
competence
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Name of the Director	Qualifcation	Profle	Field of Specialization/ Existing skills/ expertise/ competence

Ms. P Parvathi	Post Graduate in Commerce	More than 30 years of experience in business and commerce, most part of which has been in the Cement Industry.	Management, Finance and Operations
Mrs. Mahpara Ali	Master Degree in Arts and Bachelor of Arts (Hons) and Diploma in International Banking and Finance from Indian Institute of Banking and Finance	Served in various capacities in the State Bank of India (SBI) for 39 years and retired as a Chief General Manager of Bangalore circle of SBI.	Finance and Banking
Mr. Paturi Srinivasa Rao	FCS, LLB, M.Com	More than two and half decades of experience in Corporate Laws and other Secretarial & Legal assignments with special focus on public oferings, takeovers, mergers and amalgamations, acquisitions, corporate restructuring, capital market transactions, due diligence audits and secretarial audits. Also deals with domestic and foreign joint ventures, foreign collaborations, and other capital market related transactions.	Corporate Laws, Capital Markets

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----- Start of picture text -----

Field of
Name of the Specialization/
Director Qualification Profile Existing skills/
expertise/
competence
----- End of picture text -----

Name of the Director	Qualifcation	Profle	Field of Specialization/ Existing skills/ expertise/ competence

Mr. Rabindra Srikantan	MS in Computer Engineering and Computer Science, and BE in Electrical and Electronics	A successful entrepreneur with over 35 years’ of experience in the areas of ER & D and Design Led Manufacturing	Management & Administration, of ER & D and Design Led Manufacturing
Mr. Srivari Chandrasekhar&	B. Sc (Botany, Zoology & Chemistry), M. Sc (Specialization in Organic Chemistry), Ph.D (Chemistry, work at lICT)	An internationally recognized research leader in organic chemistry with over 25 years of rich experience. Known for building an interface between academia and industry. Led, developed and nurtured talent across disciplines.	Scientifc Research with academic and industrial applications
Mr. S. Venkateswarlu	B.Sc. and MBA	More than 40 years of experience, in various positions, including senior positions in Cement Industry	Operation and Management

& Mr. Srivari Chandrasekhar was appointed as Non-Executive Independent Director of the Company with effect from 28.05.2024 for a term of 5 years.

We confirm that in the opinion of the board, the independent directors fulfill the conditions specified in the listing regulations and are independent of the management.

3. COMMITTEES OF THE BOARD:

In order to carry out the responsibilities and decision making more smoothly and in prudent manner the Board has formed 5 committees. Appointments of Directors on various committees are as per the guidelines of the Listing Regulations. The decisions and recommendations of the Committees are placed before the Board. The Committees are:

Audit Committee
Nomination and Remuneration Committee
Stakeholders’ Relationship & Share Transfer Committee
Corporate Social Responsibility Committee
Risk Management Committee
A. AUDIT COMMITTEE:

The Audit Committee of the Company is constituted pursuant to provisions of Section 177 of the Companies Act, 2013 read with Regulation 18 of the Listing Regulations. All members of the Audit Committee are financially literate and more than one member possesses accounting / related financial management expertise.

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Terms of Reference:

The terms of reference of the Audit Committee are in line with the provisions of the Regulation 18 of the Listing Regulations read with Part C of Schedule II of the said Regulations. The terms of reference are broadly as follows:

1 oversight of the company’s financial reporting process and the disclosure of its financial information to ensure that the financial statement is correct, sufficient and credible;
2 recommendation for appointment, remuneration and terms of appointment of auditors of the company;
3 approval of payment to statutory auditors for any other services rendered by the statutory auditors;
4 reviewing, with the management, the annual financial statements and auditor’s report thereon before submission to the board for approval, with particular reference to:
a) matters required to be included in the Director’s Responsibility Statement to be included in the Board’s report in terms of clause (c) of sub-section 3 of section 134 of the Companies Act, 2013;
b) changes, if any, in accounting policies and practices and reasons for the same;
c) major accounting entries involving estimates based on the exercise of judgment by management;
d) significant adjustments made in the financial statements arising out of audit findings;
e) compliance with listing and other legal requirements relating to financial statements;
f) disclosure of any related party transactions;
g) modified opinion(s) in the draft audit report;
5 reviewing, with the management, the quarterly financial statements before submission to the board for approval;
6 reviewing, with the management, the statement of uses / application of funds raised through an issue (public issue, rights issue, preferential issue, etc.), the statement of funds utilized for purposes other than those stated in the offer document / prospectus / notice and the report submitted by the monitoring agency monitoring the utilisation of proceeds of a public or rights issue or preferential or QIP, and making appropriate recommendations to the Board to take up steps in this matter;
7 review and monitor the auditor’s independence and performance, and effectiveness of audit process;
8 approval or any subsequent modification of transactions of the company with related parties;
9 scrutiny of inter-corporate loans and investments;
10 valuation of undertakings or assets of the company, wherever it is necessary;
11 evaluation of internal financial controls and risk management systems;

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12 reviewing, with the management, performance of statutory and internal auditors, adequacy of the internal control systems;
13 reviewing the adequacy of internal audit function, if any, including the structure of the internal audit department, staffing and seniority of the official heading the department, reporting structure coverage and frequency of internal audit;
14 discussion with internal auditors of any significant findings and follow up there on;
15 reviewing the findings of any internal investigations by the internal auditors into matters where there is suspected fraud or irregularity or a failure of internal control systems of a material nature and reporting the matter to the board;
16 discussion with statutory auditors before the audit commences, about the nature and scope of audit as well as post-audit discussion to ascertain any area of concern;
17 to look into the reasons for substantial defaults in the payment to the depositors, debenture holders, shareholders (in case of non-payment of declared dividends) and creditors;
18 to review the functioning of the Whistle Blower or Vigil Mechanism;
19 approval of appointment of CFO (i.e., the whole-time Finance Director or any other person heading the finance function or discharging that function) after assessing the qualifications, experience and background, etc. of the candidate;
20 carrying out any other function as authorised by the Board from time to time;
21 reviewing the utilization of loans and/ or advances from/investment by the holding company in the subsidiary exceeding rupees 100 crore or 10% of the asset size of the subsidiary, whichever is lower including existing loans / advances / investments existing as on the date of coming into force of this provision;
22 consider and comment on rationale, cost-benefits and impact of schemes involving merger, demerger, amalgamation etc., on the listed entity and its shareholders.

Composition, Meetings and Attendance of the Audit Committee:

During the year 2024-25, the Audit Committee met 5 (Five) times on 28[th] May 2024; 9[th] August 2024; 12[th] November 2024, 11[th] February 2025 and 29[th] March 2025. Composition of the committee and details of attendance at the meetings are given below:

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Number of Meetings
Name of the Director Designation Category
Held Attended
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Name of the Director	Designation	Category	Number of Meetings	Number of Meetings
			Held	Attended

Mr. K. P. Singh*	Chairman	Independent Director	1	1
Mrs. Mahpara Ali@	Chairperson	Independent Director	5	5
Mr. Paturi Srinivasa Rao_$_	Member	Independent Director	5	5
Mr. Rabindra Srikantan_#_	Member	Independent Director	4	3
Mr. Srivari Chandrasekhar_#_	Member	Independent Director	4	4

Mr. K.P Singh holds the position of Chairman from 1[st] April 2024 to 11[th] July 2024.

@ Mrs. Mahpara Ali was appointed as the member of the Audit Committee on 1[st] April 2024 and appointed as the Chairperson of the Audit Committee on 11[th] July 2024.

$ Mr. Paturi Srinivasa Rao was appointed as the member of the Audit Committee on 1[st] April 2024.
# Mr. Rabindra Srikantan and Mr. Srivari Chandrasekhar were appointed as member of Audit committee on 11[th] July 2024.

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The necessary quorum was present for all the meetings.

Meetings of Audit Committee were also attended by the Chief Financial Officer, the Statutory and Internal Auditors. Senior Management Executives of the Company are generally invited to attend the meetings. The Company Secretary acts as Secretary of the Audit Committee.

B. NOMINATION AND REMUNERATION COMMITTEE:

Terms of Reference:

The terms of reference of Nomination and Remuneration Committee are in line with the provisions of Regulation 19 of the Listing Regulations read with Para A of Part D of Schedule II of the said Regulations, broadly as follows:

formulation of the criteria for determining qualifications, positive attributes and independence of a director and recommend to the board of directors a policy relating to, the remuneration of the directors, key managerial personnel and other employees;
formulation of criteria for evaluation of performance of independent directors and the board of directors;
devising a policy on diversity of board of directors;
identifying persons who are qualified to become directors and who may be appointed in senior management in accordance with the criteria laid down, and recommend to the board of directors their appointment and removal;
whether to extend or continue the term of appointment of the independent director, on the basis of the report of performance evaluation of independent directors;
recommend to the board, all remuneration, in whatever form, payable to senior management;
Such other matters that may be authorised by the Board from time to time.

The function of the Committee is to perform the duties as mentioned in the “Terms of Reference”, including but not limited to determining and making recommendations with respect to all forms of compensation to be granted to the Directors and senior management of the Company.

Composition, Meetings and Attendance of the Nomination and Remuneration Committee:

During the year 2024-25, the Nomination and Remuneration Committee met 3 (Three) times on 28[th] May 2024, 9[th] August 2024 and 11[th] February 2025.

Composition of the committee and details of attendance at the meetings are given below:

			Numbers of Meetings	Numbers of Meetings
Name of the Director	Designation	Category	Held	Attended
Mr. Paturi Srinivasa Rao*	Chairman	Independent Director	3	3
Mrs. Mahpara Ali	Member	Independent Director	3	3
Mr. Rabindra Srikantan*	Member	Independent Director	3	2
Mr. Srivari Chandrasekhar**	Member	Independent Director	1	1

Mr. Paturi Srinivasa Rao was appointed as chairman and Mr. Rabindra Srikantan was appointed as a member of Nomination and Remuneration Committee on 1[st] April 2024.
** Mr. Srivari Chandrasekhar was appointed as a member of Nomination and Remuneration Committee on 10[th] August 2024.

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Performance Evaluation Criteria for Independent Directors:

Pursuant to the provisions of the Companies Act, 2013 and the Listing Regulations, the Nomination and Remuneration Committee determines the performance evaluation criteria for independent directors of the Company. An indicative list of the factors that are considered for evaluation includes, attendance and participation in the meetings and timely inputs on the minutes of the meetings; adherence to integrity and ethical standards; raising of valid concerns to the Board and constructive contribution to resolution of issues at meetings; interpersonal relations with other directors and management; objective evaluation of Board’s performance; rendering independent/unbiased opinion; understanding of the Company and the external environment in which it operates; contribution to strategic direction and safeguard of confidential information.

Nomination and Remuneration Policy:

The main objective of the Nomination and Remuneration Policy is:

To select suitable persons to join the Board of Directors and Senior Management positions of Deccan Cements Limited.
To recruit suitable Personnel in the various positions, and motivate them by monetary rewards (good increments, ex-gratia payments, etc.) and/or nonmonetary rewards (such as, promotions, recognitions, accolades, etc.).

REMUNERATION TO DIRECTORS:

The Non-Executive Directors, in addition to the sitting fees payable for attending the meeting of Board of Directors and committees thereof, are collectively entitled for a commission of not exceeding 1% per annum of the net profits of the company calculated in accordance with the provisions of Section 198 of the Companies Act, 2013, as may be determined by the Board. The Board of Directors fix the ceiling of the total commission to all the Non-Executive Directors to Rs.20,00,000/- per annum.

The Non-Executive Directors, for each of the Board and Committee Meetings attended are paid sittings fees as under:

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Type of Meetings Sitting Fees per meeting
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Type of Meetings	Sitting Feesper meeting

Board Meeting	Rs.40,000/-
Audit Committee	Rs.40,000/-
Other Committees	Rs.10,000/-

Details of Sitting Fees paid and Commission payable to the Non-Executive Directors for the financial year 2024-25:

(Rs. in Lakhs)

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Name of the Directors Sitting Fees Commission Total
Mr. K P Singh 0.90 - 0.90
Mrs. Mahpara Ali 4.60 - 4.60
Mr. Paturi Srinivasa Rao 4.10 - 4.10
Mr. Rabindra Srikantan 3.10 - 3.10
Mr. Srivari Chandrasekhar [#] 3.80 - 3.80
TOTAL 16.50 16.50
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* Mr. K P Singh took retirement on 11[th] July 2024.

# Mr. Srivari Chandrasekhar was appointed as Non-Executive Independent Director with effect from 28th May 2024.

The Remuneration structure of the executive directors comprises of basic salary, perquisites and allowances, contribution to provident fund etc., and Commission on Net Profits in case of

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Chairperson and Managing Director. The remuneration is determined considering various factors such as qualification, experience and expertise and as per approval from the shareholders as per the provisions of the Companies Act, 2013. The executive directors are not paid sitting fees for attending any Board/Committee meetings.

Details of Remuneration of the Executive Directors during the Financial Year 2024-25:

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(Rs. in Lakhs)
Name of the Executive Perquisites & Other
Salary Commission Total
Directors
Benefits
Ms. P. Parvathi 142.80 45.08 - 187.88
Mr. S. Venkateswarlu 55.45 7.58 - 63.03
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The Company has not granted any stock options to any of its directors.

C. STAKEHOLDERS’ RELATIONSHIP & SHARE TRANSFER COMMITTEE:

The Stakeholders’ Relationship & Share Transfer Committee is constituted in line with the provisions of Section 178 of the Companies Act, 2013 read with the Regulation 20 of the Listing Regulations.

Composition, Meetings and Attendance of the Committee:

During the year 2024-25 the Stakeholders’ Relationship & Share Transfer Committee met 2 (Two) times on 28[th] May 2024; and 12[th] November 2024.

Composition of the committee and details of attendance at the meetings are given below:

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Numbers of Meetings
Name of the Director Designation Category
Held Attended
----- End of picture text -----

Name of the Director	Designation	Category	Numbers of Meetings	Numbers of Meetings
			Held	Attended

Mrs. Mahpara Ali#	Chairperson	Independent Director	1	1
Mr. Paturi Srinivasa Rao *	Chairman	Independent Director	1	1
Mr.Srivari Chandrasekhar *	Member	Independent Director	1	1
Ms. P. Parvathi	Member	Chairperson and Managing Director	2	2
Mr. S. Venkateswarlu	Member	Whole Time Director	2	2

# Mrs. Mahpara Ali hold the position of Chairperson upto 9[th] August 2024.

* Mr. Paturi Srinivasa Rao was appointed as chairman and Mr. Srivari Chandrasekhar was appointed as a member of the Stakeholders’ Relationship & Share Transfer Committee on 10[th ] August 2024.

Mr. Bikram Keshari Prusty, Company Secretary, is the Compliance Officer of the Company.

Details of complaints/grievances received and resolved during the year 2024-25:

Nature	Received during the Year	Resolved during the Year
Non-receipt Dividend Warrants	33	33
Non-receipt of Securities	4	4
SEBI/BSE/NSE Complaints	0	0
Non-receipt of Annual Report	0	0
Others	0	0
TOTAL	37	37

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D. CORPORATE SOCIAL RESPONSIBILITY COMMITTEE:

The Corporate Social Responsibility (CSR) Committee is constituted in line with the provisions of Section 135 of the Companies Act, 2013 and Rules made thereunder.

Composition, Meetings and Attendance of the CSR Committee:

During the year 2024-25, the Committee met once on 28[th] May 2024.

Composition of the committee and details of attendance at the meetings are given below:

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Number of Meeting
Name of the Director Designation Category
Held Attended
----- End of picture text -----

Name of the Director	Designation	Category	Number of Meeting	Number of Meeting
			Held	Attended

Mr. K. P. Singh*	Chairman	Independent Director	1	1
Mr. Srivari Chandrasekhar@	Chairman	Independent Director	-	-
Mrs. Mahpara Ali	Member	Independent Director	1	1
Ms. P Parvathi	Member	Chairperson and ManagingDirector	1	1
Mr. S. Venkateswarlu@	Member	Whole Time Director	-	-

Mr. K.P Singh holds the position of Chairman upto 11[th] July 2024.
@ Mr. Srivari Chandrasekhar was appointed as chairman and Mr. S. Venkateswarlu appointed as a Member of Corporate Social Responsibility Committee on 11[th] July 2024.

E. RISK MANAGEMENT COMMITTEE:

The Risk Management Committee is constituted in line with the provisions of Regulation 21 of the SEBI (LODR) Regulations, 2015 which has been entrusted with the responsibility to assist the Board in (a) Overseeing and approving the Company’s enterprise risk management framework; and (b) Overseeing that all the risks that the organization faces such as strategic, financial, credit, market, liquidity, security, property, Information Technology, legal, regulatory, reputational and other risks have been identified and assessed and there is an adequate risk management infrastructure in place capable of addressing those risks.

Composition, Meetings and Attendance of the Committee:

During the year 2024-25, the Committee met 2 (two) times on 9[th] August 2024 and 6[th] March 2025.

Composition of the committee and details of attendance at the meetings are given below:

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Number of Meeting
Name of the Director Designation Category
Held Attended
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Name of the Director	Designation	Category	Number of Meeting	Number of Meeting
			Held	Attended

Mrs. Mahpara Ali*	Chairperson	Independent Director	1	1
Mr. Rabindra Srikantan@	Chairman	Independent Director	1	1
Mr. Paturi Srinivasa Rao	Member	Independent Director	1	1
Mr. S. Venkateswarlu	Member	Whole Time Director	2	1
Mr. D. Raghava Chary	Member	CFO	2	2

Mrs. Mahpara Ali hold the position of Chairperson upto 9[th] August 2024.
@ Mr. Rabindra Srikantan was appointed as chairman and Mr. Paturi Srinivasa Rao was appointed as a member of Risk Management Committee on 10[th] August 2024.

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Risk Management Policy:

The Risk Management Policy is disclosed in the company’s website www.deccancements.com. The Risk Management Policy envisages identification of risk and procedures for assessment and mitigation thereof.

4. SEPARATE MEETING OF INDEPENDENT DIRECTORS:

In compliance of provisions of the Regulation 25 of the Listing Regulations, during the year 2024-25, the Independent Directors of the Company met on 11[th] February 2025 without the presence of Executive Directors or members of the Management.

5. GENERAL BODY MEETINGS:

The number, date, time and venue of AGMs held during last three years and the special resolution(s) passed thereat, are given below:

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Financial Year 2023-24
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Financial Year	2023-24

AGM No.	44th
Date	20thSeptember 2024
Time	11:00 AM
Venue	Registered Ofce at Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad, Telangana – 500082,through Video Conferencing/ Other Audio Visual means.
Special Resolutions	Nil

Financial Year	2022-23
AGM No.	43rd
Date	22ndSeptember 2023
Time	11:00 AM
Venue	Registered Ofce at Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad, Telangana – 500082,through Video Conferencing/ Other Audio Visual means.
Special Resolutions	Nil

Financial Year	2021-22
AGM No.	42nd
Date	14thSeptember 2022
Time	11:00 AM
Venue	Registered Ofce at Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad, Telangana – 500082,through Video Conferencing/ Other Audio Visual means.
Special Resolutions	To consider payment of commission to the Non-Executive Directors of the Company.

Note:

1 All the resolutions set out in the respective notices were passed by the Shareholders.
2 No Extra-Ordinary General meeting was held during the Financial Year 2024-25.
3 Three Special Resolutions were passed through Postal Ballot during the Financial Year 2024-25, as stated under:

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*Date of passing* *Resolution*	*Particulars of Resolution proposed and* *passed*	*Number &* *percentage of* *votes cast in* *favour*	*Number &* *percentage* *of votes cast* *against*
16th May 2024	To appoint Mr. Rabindra Srikantan (DIN: 00024584) to the ofce of Independent Director of the Company for a term of 5 (fve) consecutive years with efect from 1st April 2024 to 31stMarch 2029.	88,45,131 99.9845%	1,371 0.0155%
11th July 2024	To appoint Mr. Srivari Chandrasekhar (DIN: 00481481) to the ofce of Independent Director of the Company for a term of 5 (fve) consecutive years with efect from 28th May 2024 to 27th May 2029.	88,88,484 99.9878%	1,086 0.0122%
26th March 2025	To re-appoint Mrs. Mahpara Ali (DIN: 06645262) to the ofce of Independent Director of the Company for the 2nd term of 5 years, w.e.f., 1st April 2025.	88,21,729 99.9286%	6,302 0.0714%

Mr. V. Shankar, Practicing Company Secretary was appointed as Scrutinizer to conduct the Postal Ballot exercises.

6. MEANS OF COMMUNICATION:

Quarterly financial results of the Company are forwarded to the Stock Exchanges and published in Business Standard, Andhra Prabha newspapers in line with the provisions of the Listing Regulations.
The Financial Results and other official news of the Company are displayed on the Company’s website www.deccancements.com.
The Company has not made any presentations to any Institutional Investors / Analysts during the last financial year.

7. GENERAL SHAREHOLDER INFORMATION:

a) Annual General Meeting Date: Time Venue
b) Financial Year
c) Dividend payment date d) Listing with Stock Exchanges

: 45[th] Annual General Meeting : 23[rd] September 2025 (Tuesday) : 11:00 A.M. : Registered Ofce: Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad - 500082. Though VC/OAVM : 2024-25

: 13[th] October 2025 (Monday) : BSE Limited

Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai – 400 001

National Stock Exchange of India Ltd. Exchange Plaza, Plot No. C/1, G Block, Bandra - Kurla Complex, Bandra (East), Mumbai – 400 051.

Listing Fee paid to both the stock Exchanges for the Financial Year 2025-26.

e) Stock Code

: BSE – 502137

NSE – DECCANCE

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f) Market Price Data during each month in last financial year 2024-25:

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High (Rs.) Low (Rs.)
Month and Year
BSE NSE BSE NSE
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Month and Year	High (Rs.)	High (Rs.)	Low(Rs.)	Low(Rs.)
	BSE	NSE	BSE	NSE

April 2024	666.00	647.00	550.05	591.00
May2024	642.30	640.05	554.10	563.55
June 2024	734.10	735.00	553.00	524.95
July2024	725.90	722.00	628.60	627.20
August 2024	747.00	735.00	631.25	631.85
September 2024	669.25	670.00	592.00	593.00
October 2024	650.00	655.45	550.10	550.80
November 2024	640.00	625.60	549.90	549.80
December 2024	674.95	660.00	601.55	601.10
January2025	780.00	769.00	620.80	621.15
February2025	925.70	924.00	575.00	577.95
March 2025	928.90	930.00	754.00	755.00

g) Performance of Company Share in comparison to BSE Small Cap Index:

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Scale: Deccan Cements Limited (DCL) Re.1 = 1; BSE Small Cap Rs.50 = 1

Index/Company	Apr-24	May-24	Jun-24	Jul-24	Aug-24	Sep-24
BSE Small Cap	47315.93	47263.66	52130.41	55332.24	56021.55	57130.93
Deccan Cements Ltd	632.80	570.10	693.35	717.25	644.4	595.2
Index/Company	Oct-24	Nov-24	Dec-24	Jan-25	Feb-25	Mar-25
BSE Small Cap	54982.87	55199.86	55180.60	49958.39	43082.90	46638.13
Deccan Cements Ltd	585.80	618.15	636.85	671.60	783.00	786.20

Comparison of monthly closing price of Company Share and BSE Small Cap Index.

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h) Registrars and Share Transfer Agent

: KFin Technologies Limited Selenium Tower B, Plot No.31 & 32, Financial District, Nankramguda, Serilingampally, Gachibowli, Hyderabad- 500 032 Toll Free Number is 1800 3094 001 Email id: [email protected], Website: https://www.kfintech.com/

i) Share Transfer System:

As per the provisions of Regulation 40 of the SEBI (LODR) Regulations, 2015, requests for transfer, transmission or transposition of shares were not entertained in physical mode.

j) Distribution of Shareholding as on 31st March, 2025:

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Category Number of % to total no. of Number of % to paid up
(Amount in Rs) Shareholders shareholders Shares share capital
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Category (Amount in Rs)	Number of Shareholders	% to total no. of shareholders	Number of Shares	% to paid up share capital

1 - 5,000	11,720	95.829926	11,05,105	7.889381
5,001 - 10,000	225	1.839738	3,53,288	2.522135
10,001 - 20,000	133	1.087490	3,87,117	2.763641
20,001 - 30,000	32	0.261652	1,60,022	1.142402
30,001 - 40,000	26	0.212592	1,80,722	1.290180
40,001 - 50,000	21	0.171709	2,00,658	1.432504
50,001 - 1,00,000	31	0.253475	4,48,430	3.201356
1,00,001 & Above	42	0.343418	1,11,72,158	79.75840
Total	12,230	100.000000	1,40,07,500	100.000000

k) Dematerialization of Shares and Liquidity:

The Company has arrangements with National Securities Depositories Ltd (NSDL) and Central Depository Services India Ltd (CDSL) to establish electronic connectivity of its shares for script-less trading.

As on 31st March 2025 the positions of dematerialized and physical shares under ISIN- INE583C01021 were as under:

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No. of
Particulars No. of Shares % of Shares
Shareholders
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Particulars	No. of Shareholders	No. of Shares	% of Shares

National Securities DepositoryLimited	5,190	1,06,42,131	75.97
Central DepositoryServices Limited	6,776	32,48,403	23.19
Total No. of Shares in Dematerialised form	11,966	1,38,90,534	99.16
Total No. of Shares in Physical form	264	1,16,966	0.84
TOTAL SHARES	12,230	1,40,07,500	100.00

l) Outstanding GDR’s/ADR’s/Warrants or any Convertible Instruments, Conversion date and likely impact on equity:

The Company has not issued any of the above instruments and therefore the impact on equity does not arise.

m) Location of Company’s Plants:

Cement Plant	Bhavanipuram, Janpahad (Post), Palakaveedu (Mandal); Suryapet Dist,Telangana State - 508 218
Thermal Power Plant	Bhavanipuram, Janpahad (Post), Palakaveedu (Mandal); Suryapet Dist,Telangana State - 508 218
Hydel Power Plant	GBC-1, Head Regulator, Nekarikallu Adda Road; Narsaraopet, Guntur Dist,Andhra Pradesh - 522 601
Wind Farms	Polepalli Village, Ramagiri Mandal, Ananthapur Dist., Andhra Pradesh - 515101

n) Address for Correspondence:

Shareholders can correspond with the Company or Registrars and Share Transfer Agent as per the following:

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Company RTA
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Company	RTA

Deccan Cements Limited Secretarial Department “Deccan Chambers”, 6-3-666/B, Somajiguda, Hyderabad – 500 082 Phone - 040 - 23310168/552 Email Id: [email protected] Website: www.deccancements.com	KFin Technologies Limited (Unit: Deccan Cements Limited) Selenium Tower B Plot No: 31 & 32, Financial District, Gachibowli, Hyderabad - 500 032 Toll Free Number is 1800 3094 001 email id : [email protected] website: www.kfntech.com

o) Credit Ratings:

The Company obtained credit rating of its bank credit facilities from CRISIL and details of credit ratings as are under:

Date of Rating>>	16-05-2024	05-05-2025	31-07-2025
LongTerm Rating	Crisil A/Negative	Crisil BB+/Stable	Crisil BBB/Stable
Short Term Rating	Crisil A1	Crisil A4+	Crisil A3+

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8. OTHER DISCLOSURES:

a. The details of related party transactions are disclosed in Note No. 32 of Notes to the Financial Statements. None of the business transactions with any of the related parties was in conflict with the interests of the Company during the financial year 2024-25.
b. During the last three years there were no strictures or penalties imposed either by the SEBI or the Stock Exchanges or any statutory authority for non-compliance of any matter related to the capital markets.
c. The Company has formulated and adopted ‘Vigil Mechanism/Whistle Blower Policy’ and the same is placed on the company’s website www.deccancements.com. Further, it is hereby affirmed that no personnel has been denied access to the Audit Committee.
d. The Company has complied with the mandatory requirements of the Listing Regulations and the following discretionary requirements specified in Part E of Schedule II as detailed below:
i. The Board: Maintenance of Office to the Non-executive Chairperson at the Company’s expense: This is not applicable as the Chairperson of the Company is an Executive Director.
ii. “Shareholders’ rights: All the quarterly financial results are placed on the Company’s Website: www.deccancements.com”, apart from publishing the same in the Newspapers.
iii. Modified opinion(s) in audit report: There are no modified opinions in the Audit Reports.
iv. Separate Posts of Chairman and CEO: Not Complied as w.e.f. 11[th] August 2023 the Board has elected Ms. P. Parvathi, Managing Director as the Chairperson of the Board as well as the Company.
v. Reporting of internal auditor: The Internal auditor reports to the Chairman of the Audit Committee directly.
e. Web link where policy for determining ‘material’ subsidiaries is disclosed- Not Applicable (There is no material subsidiary to the Company).
f. The Company has formulated and adopted a policy for determining the material related party transactions. The web link for Related Party Transactions policy and the details of such policy are available at http://www.deccancements.com/pdf/RPTPolicy.pdf.
g. Commodity Price Risk or Foreign exchange risk and hedging activities:
Commodity Price Risk: The major commodities which the Company uses in the production process are Coal, Laterite, Iron Ore, Gypsum. Any increase in prices of all these items will have an impact adversely on cost of production and if the market cannot compensate for such price hike, profitability may be affected.
Foreign Exchange Risk: The Company does not have any forex exposure whether it is for term loans or working capital loans etc. Only forex risk is with reference to remittances to be made for imports of spares and components which is not material for the Company to opt for hedging.
h. Details of utilization of funds raised through preferential allotment or qualified institutions placement as specified under Regulation 32 (7A) - Not Applicable.
i. The Company has obtained a Certificate from a company secretary in practice that none of the directors on the board of the company have been debarred or disqualified from being appointed or continuing as directors of companies by the Board/Ministry of Corporate Affairs or any other statutory authority. A copy of such certificate is enclosed to the Annual Report.
j. Where the board had not accepted any recommendation of any committee of the board which is mandatorily required, in the relevant financial year- There is no such instance during the year, and the Board considered and accepted the recommendations made by the Committees.
k. Detail of fees paid to the Statutory Auditors is given in Note 25(a) to the Standalone Financial Statements, and Note 25 to the Consolidated Financial Statements.

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l. During the financial year ended 31[st] March 2025, the Company has not received any Complaint pertaining to Sexual Harassment.
m. Loans and advances in the nature of loans to firms/companies in which directors are interested by name and amount: Rs.1.00 Lakh Unsecured Loan to Deccan Swarna Cements Private Limited, wholly owned subsidiary of the Company.

9. NON-COMPLIANCES OF ANY REQUIREMENT OF CORPORATE GOVERNANCE REPORT:

The Company has complied with all the requirements of the Corporate Governance Report for the Financial Year 2024-25.

10. DISCLOSURES OF THE COMPLIANCE WITH CORPORATE GOVERNANCE REQUIREMENTS SPECIFIED IN REGULATION 17 TO 27 AND CLAUSES (b) TO (i) OF SUB-REGULATION (2) OF REGULATION 46

The Company has complied with all the applicable provisions of the Listing Regulations on Corporate Governance for the Financial Year 2024-25

11. DISCLOSURES WITH RESPECT TO DEMAT SUSPENSE ACCOUNT / UNCLAIMED SUSPENSE ACCOUNT:

Letter of Confirmation issued in connection with Transmission of 160 Shares was not demated within 120 days, and the Shares in respect of such transmission are credited to the Unclaimed Suspense Account of the Company

For and on behalf of the Board of Directors, Deccan Cements Limited Sd/P. Parvathi Place: Hyderabad Chairperson and Managing Director Date: 12[th] August 2025 DIN : 00016597

DECLARATION ON CODE OF CONDUCT

This is to confirm that all the Directors and Senior Management Personnel of the Company have affirmed compliance with the Code of Conduct of the Company for the Financial Year ended 31[st] March 2025 as envisaged under Schedule V(D) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Place: Hyderabad Date: 12[th] August 2025

Sd/P. Parvathi Chairperson and Managing Director DIN: 00016597

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CERTIFICATE OF NON-DISQUALIFICATION OF DIRECTORS

[Pursuant to Regulation 34(3) and Schedule V Para C clause (10)(i) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015]

To The Members of Deccan Cements Limited 6-3-666/B, Deccan Chambers, Somajiguda, Hyderabad-500 082

I, V Shankar, Company Secretary in Practice, CP No.8446, FCS7638, proprietor of V. Shankar & Co., Company Secretaries, have examined the relevant registers, records, forms, returns and disclosures received from the Directors of Deccan Cements Limited having CIN L26942TG1979PLC002500 and having registered office at 6-3-666/B, Deccan Chambers, Somajiguda, Hyderabad - 500 082, Telangana, India (hereinafter referred to as ‘the Company’), produced before me by the Company for the purpose of issuing this Certificate, in accordance with Regulation 34(3) read with Schedule V Para-C Sub clause 10(i) of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended.

In my opinion and to the best of my information and according to the verifications [including Directors Identification Number (DIN) status at the portal www.mca.gov.in] as considered necessary and explanations furnished to me by the Company and its officers, I hereby certify that none of the Directors on the Board of the Company as stated below have been debarred or disqualified from being appointed or continuing as Directors of companies by the Securities and Exchange Board of India, Ministry of Corporate Affairs, or any such other Statutory Authority.

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S. No. Name of the Director DIN Designation
----- End of picture text -----

S. No.	Name of the Director	DIN	Designation

1.	Parvathi Penmetcha	00016597	Chairperson and ManagingDirector
2.	Kanwar PratapSingh^	02951522	Independent Director
3.	Mahpara Ali	06645262	Independent Director
4.	Venkateswarlu Shonti	08602254	Whole Time Director
5.	Paturi Srinivasa Rao@	01220158	Independent Director
6.	Rabindra Srikantan@	00024584	Independent Director
7.	Srivari Chandrasekhar$	00481481	Independent Director

Resigned from the office of Independent Director of the Company on 11[th] July 2024.

@ Appointed as Independent Director of the Company with effect from 1[st ] April 2024.

$ Appointed as Independent Director of the Company with effect from 28[th] May 2024

Place: Hyderabad Date: 12[th] August 2025

For V. Shankar & Co., Company Secretaries Sd/V.Shankar Partner FCS No.: 7638 C P No.: 8446 UDIN:F007638G000983184

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INDEPENDENT AUDITOR’S CERTIFICATE TO THE MEMBERS OF DECCAN CEMENTS LIMITED CERTIFICATE ON CORPORATE GOVERNANCE

This certificate is issued in accordance with the terms of our engagement letter dated 2[nd] August, 2025.

We, M. Anandam & Co., Chartered Accountants, the Statutory Auditors of Deccan Cements Limited (the “Company”), have examined the compliance of conditions of Corporate Governance by the Company, for the year ended on March 31, 2025, as per the relevant provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) as referred to in Regulation 15(2) of the Listing Regulations.

Managements’ Responsibility

The compliance of conditions of Corporate Governance is the responsibility of the Management. This responsibility includes the design, implementation and maintenance of internal control and procedures to ensure the compliance with the conditions of the Corporate Governance stipulated in Listing Regulations.

Auditor’s Responsibility

Our responsibility is limited to examining the procedures and implementation thereof, adopted by the Company for ensuring compliance with the conditions of the Corporate Governance. It is neither an audit nor an expression of opinion on the financial statements of the Company.

We have examined the books of account and other relevant records and documents maintained by the Company for the purposes of providing reasonable assurance on the compliance with Corporate Governance requirements by the Company.

We have carried out an examination of the relevant records of the Company in accordance with the Guidance Note on Certification of Corporate Governance issued by the Institute of the Chartered Accountants of India (the ICAI), the Standards on Auditing specified under Section 143(10) of the Companies Act 2013, in so far as applicable for the purpose of this certificate and as per the Guidance Note on Reports or Certificates for Special Purposes issued by the ICAI which requires that we comply with the ethical requirements of the Code of Ethics issued by the ICAI.

We have complied with the relevant applicable requirements of the Standard on Quality Control (SQC) 1, Quality Control for Firms that Perform Audits and Reviews of Historical Financial Information, and Other Assurance and Related Services Engagements.

Opinion

Based on our examination of the relevant records and according to the information and explanations provided to us and the representations provided by the Management, we certify that the Company has complied with the conditions of Corporate Governance as per the relevant provisions of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) as referred to in Regulation 15(2) of the Listing Regulations during the year ended March 31, 2025.

We state that such compliance is neither an assurance as to the future viability of the Company nor the efficiency or effectiveness with which the Management has conducted the affairs of the Company.

For M. Anandam & Co., Chartered Accountants (FRN: 000125S)

Place: Secunderabad Date: 12[th] August, 2025

Sd/B.V. Suresh Kumar Partner Membership Number: 212187 UDIN: 25212187BMKXZS2812

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CERTIFICATE

[Pursuant to Regulation 33(2)(a)of the SEBI (LODR) Regulations, 2015]

We, P. Parvathi, Chairperson and Managing Director and D. Raghava Chary, Chief Financial Officer of the Company, certify that the Financial Results of the Company for the Quarter and year ended 31[st] March 2025 do not contain any false or misleading statement or figures and do not omit any material fact which may make the statements or figures contained therein misleading.

Sd/Sd/- Place: Hyderabad D Raghava Chary P Parvathi Date: 27.05.2025 Chief Financial Officer Chairperson and Managing Director

DECLARATION

[Pursuant to Regulation 33(3)(d) of the SEBI (LODR) Regulations, 2015]

We hereby declare that M/s. M. Anandam & Co., Chartered Accountants, Statutory Auditors of the Company, have issued Audit Report with unmodified opinion on the Audited Financial Results of the Company for the year ended 31[st] March 2025.

Sd/Sd/- Place: Hyderabad D Raghava Chary P Parvathi Date: 27.05.2025 Chief Financial Officer Chairperson and Managing Director

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COMPLIANCE CERTIFICATE

[Pursuant to Regulation 17(8) of the SEBI (LODR) Regulations, 2015]

We have reviewed Standalone and Consolidated financial statements and the cash flow statement for the year FY 2024-25 and that to the best of our knowledge and belief:

(1) these statements do not contain any materially untrue statement or omit any material fact or contain statements that might be misleading;
(2) these statements together present a true and fair view of the Company’s affairs and are in compliance with existing accounting standards, applicable laws and regulations.

To the best of our knowledge and belief, no transactions entered into by the Company during the year which is fraudulent, illegal or violative of the Company’s code of conduct.

We accept responsibility for establishing and maintaining internal controls for financial reporting and that we have evaluated the effectiveness of internal control systems of the Company pertaining to financial reporting and we have disclosed to the auditors and the audit committee, deficiencies in the design or operation of such internal controls, if any, of which we are aware and the steps we have taken or propose to take to rectify these deficiencies.

We have indicated to the auditors and the Audit committee

(1) significant changes in internal control over financial reporting during the year;
(2) significant changes in accounting policies during the year and that the same have been disclosed in the
notes to the financial statements; and
(3) instances of significant fraud of which we have become aware and the involvement therein, if any, of the management or an employee having a significant role in the listed entity’s internal control system over financial reporting.

Place: Hyderabad Date: 27.05.2025

Sd/Sd/D Raghava Chary P Parvathi Chief Financial Officer Chairperson and Managing Director

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STANDALONE INDEPENDENT AUDITOR'S REPORT

Independent Auditor’s Report

To the Members of Deccan Cements Limited

Report on the Audit of the Standalone Financial Statements

Opinion

We have audited the standalone financial statements of Deccan Cements Limited (“the Company”), which comprise the Balance Sheet as at 31[st] March 2025, the Statement of Profit and Loss (including Other Comprehensive Income), the Statement of Changes in Equity and Statement of Cash Flows for the year then ended, and notes to the standalone financial statements, including a summary of material accounting policies and other explanatory information.

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid standalone financial statements give the information required by the Companies Act, 2013 (“Act”) in the manner so required and give a true and fair view in conformity with Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other the accounting principles generally accepted in India, of the state of affairs of the Company as at March 31, 2025, and its profit (including other comprehensive income), changes in equity and its cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Act. Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the standalone financial statements under the provisions of the Act and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion on the standalone financial statements.

Key Audit Matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the standalone financial statements of the current period. These matters were addressed in the context of our audit of the standalone financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters.

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Sr.
Key Audit Matter Auditor’s Response
No.
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Sr. No.	Key Audit Matter	Auditor’s Response

1.	Revenue Recognition – Price Discounts • Revenue is measured net of discounts earned by customers on the Company’s sales. • Due to the Company’s presence across diferent marketing regions within the country and the competitive business environment, price discounts vary based on the customer and market it caters to and recognised based on sales made during the year. These discounts are calculated based on the market study reports which reports are collated periodically by the management and are prone to manual interventions. • Therefore, there is a risk of revenue being misstated as a result of incorrect computation of price discounts. • Given the complexity involved in the assessment of price discounts and their periodic recognition against sales, the same is considered as key audit matter. Refer Note – 2(iv)of Material AccountingPolicies	Principal Audit Procedures • Assessed the appropriateness of the Company’s accounting policy relating to price discounts by comparing with applicable Indian Accounting Standard. • Assessed the design and tested the implementation and operating efectiveness of Company’s internal controls over the approvals, calculation, accounting and issuance of credit notes. • Obtained and inspected, on a sample basis, supporting documentation for price discounts recorded and credit notes issued during the year as well as credit notes issued after the year end date to determine whether these were recorded appropriately. • Compared the historical trend of price discounts to sales made to determine the appropriateness of current year’s discount charge.
2.	The Company has material litigations which involve signifcant judgement to determine the possible outcome of these litigations. Refer Note 30 of the standalone fnancial statements.	Principal Audit Procedures • We understood from the management, assessed and tested the design and operating efectiveness of the Company’s key controls surrounding assessment of litigations relating to the relevant laws and regulations. • We have reviewed the legal and other professional expenses and enquired with the management for recent developments and the status of the material litigations which were reviewed. • Obtaining a litigation list and making inquiries, circulating and reviewing legal confrmations from external counsel. • We performed our assessment on a test basis on the underlying calculations supporting the contingent liabilities/ other signifcant litigations disclosed in the standalone fnancial statements. • Obtaining a litigation list and making inquiries, circulating and reviewing legal confrmations from external counsel. • Discussing the status of the cases with the legal team regarding the progress and probability assessment of the outcomes. • We used auditor’s experts/specialists to gain an understanding and to evaluate the disputed tax matters. • Evaluating the evidence supporting the judgement of the management about possible outcomes and the reasonableness of the estimates.

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Sr.
Key Audit Matter Auditor’s Response
No.
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Sr. No.	Key Audit Matter	Auditor’s Response

		• We evaluated management’s assessments by understanding precedents set in similar cases and assessed the reliability of the management’s past estimates/judgements. • Evaluating appropriateness of adequate disclosures in accordance with the applicable Indian accounting standards.
3.	Inventories as disclosed in Note 6 to the standalone fnancial statements include: • Raw materials comprising iron-ore, gypsum, limestone, laterite and fy ash; • Work-in-progress mainly comprising clinker • Coal The above items of inventory are stored in sheds, stockpiles and silos. As the weighing of these inventories is not practicable, management assesses the reasonableness of the quantities on hand by obtaining measurements of stockpiles and converting these measurements to unit of volumes by using angle of repose and bulk density. The Company involves its team in the inventory count process. Due to the signifcance of inventory balances and related estimations involved, this is considered as a key audit matter.	Principal Audit Procedures The Company performs annual inventory counts at the year end and issues prior notifcation of procedures to be performed for such inventory counts. Our audit procedures to assess the existence of such items of inventory included the following: • Assessed the management’s process of measurement of stockpiles and the determination of values using conversion of volumes and density to total weight and the related yield. • Obtained and reviewed the inventory count report of the management’s team and assessed its accuracy on a sample basis.

Other Information

The Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the Company’s annual report, but does not include the standalone financial statements and our auditor’s report thereon. The Company’s annual report is expected to be made available to us after the date of this auditor’s report.

Our opinion on the standalone financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the standalone financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the standalone financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

When we read the Annual report if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with Governance.

Management’s Responsibility for the Standalone Financial Statements

The Company’s Board of Directors is responsible for the matters stated in section 134(5) of the Act with respect to the preparation of these standalone financial statements that give a true and fair view of the financial position, financial performance, total comprehensive income, changes in equity and cash flows of the Company in accordance with the accounting principles generally accepted in India, including Indian Accounting Standards specified under section 133 of the Act. This responsibility also includes maintenance of adequate accounting

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records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the financial statement that give a true and fair view and are free from material misstatement, whether due to fraud or error.

In preparing the standalone financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.

Those Board of Directors are also responsible for overseeing the Company’s financial reporting process.

Auditor’s Responsibilities for the Audit of the Standalone Financial Statements

Our objectives are to obtain reasonable assurance about whether the standalone financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial statements.

As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the standalone financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Companies Act, 2013, we are also responsible for expressing our opinion on whether the company has adequate internal financial controls with reference to standalone financial statements in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the standalone financial statements, including the disclosures, and whether the standalone financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

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Materiality is the magnitude of misstatements in the standalone financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the standalone financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the standalone financial statements.

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the standalone financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

As required by Section 143(3) of the Act, we report that:
(a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
(b) In our opinion, proper books of account as required by law have been kept by the Company so far as it appears from our examination of those books except for the matter stated in the paragraph 1(i) (vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.
(c) The Balance Sheet, the Statement of Profit and Loss (including Other Comprehensive Income), Statement of Changes in Equity and the Statement of Cash Flows dealt with by this Report are in agreement with the books of account.
(d) In our opinion, the aforesaid standalone financial statements comply with the Indian Accounting Standards prescribed under Section 133 of the Act.
(e) On the basis of the written representations received from the directors as on March 31, 2025 taken on record by the Board of Directors, none of the directors is disqualified as on March 31, 2025 from being appointed as a director in terms of Section 164 (2) of the Act.
(f) The modification relating to the maintenance of accounts and other matters connected therewith are as stated in the paragraph 1(b) above and paragraph (i)(vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.
(g) With respect to the adequacy of the internal financial controls with reference to the standalone financial statements of the Company and the operating effectiveness of such controls, refer to our separate Report in “Annexure A”.
(h) With respect to the other matters to be included in the Auditor’s Report in accordance with the requirements of section 197(16) of the Act, as amended, in our opinion and to the best of our information and according to the explanations given to us, the remuneration paid by the Company to its directors during the year is in accordance with the provision of section 197 of the Act.

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(i) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Company has disclosed the impact of pending litigations on its financial position in its standalone financial statements (Refer Note 30 of the standalone financial statements);
ii. The Company did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses;
iii. There has been no delay in transferring the amounts which were required to be transferred to the Investor Education and Protection Fund by the Company.
iv. (a) The Management has represented (Refer Note 41 of the standalone financial statements) that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
- (b) The Management has represented (Refer Note 41 of the standalone financial statements) that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Company from any person or entity, including foreign entity (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
- (c) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement.
v. As stated in Note 35(B) to the standalone financial statements,
- (a) the final dividend paid by the Company during the year declared for the previous year is in accordance with Section 123 of the Act to the extent it applies to payment of dividend.
- (b) The Board of Directors of the Company have proposed final dividend for the year which is subject to the approval of the members of the Company at the ensuing Annual General Meeting. The dividend declared is in accordance with Section 123 of the Act to the extent it applies to declaration of dividend.
vi. Based on our examination which included test checks, the Company has used an accounting software for maintaining its books of account, which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software impacting books of account at application level.

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The database of the accounting software is operated by third party service provider and based on the information and explanations given to us the feature of recording audit trail (edit log) facility was not enabled at the database level. (Refer Note 42 to the standalone financial statements).

Further, during the course of our audit, we did not come across any instance of audit trail feature being tampered with.

Further, the audit trail in respect of the previous year has been preserved by the Company as per the statutory requirements for record retention.

As required by the Companies (Auditor’s Report) Order, 2020, (‘the Order’) issued by the Central Government of India in terms of Section 143 (11) of the Act, we give in “Annexure B” a statement on the matters specified in paragraphs 3 and 4 of the Order, to the extent applicable.

For M. Anandam & Co., Chartered Accountants (Firm’s Registration No. 000125S)

Place: Hyderabad Date: 27[th] May, 2025

Sd/B.V.Suresh Kumar Partner Membership No. 212187 UDIN: 25212187BMKXYQ6715

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Annexure “A” to the Independent Auditor’s Report

(Referred to in paragraph 1(g) under ‘Report on Other Legal Regulatory Requirements’ section of our report to the Members of the Company of even date)

Report on the Internal Financial Controls with reference to Standalone Financial Statements under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

Opinion

We have audited the internal financial controls with reference to standalone financial statements of Deccan Cements Limited (“the Company”) as of March 31, 2025 in conjunction with our audit of the financial statements of the Company for the year ended on that date.

In our opinion, the Company has, in all material respects, adequate internal financial controls with reference to the standalone financial statements and such internal financial controls with reference to the standalone financial statements were operating effectively as at 31 March 2025, based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Management’s Responsibility for Internal Financial Controls

The Company’s management is responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Inherent Limitations of Internal Financial Controls with reference to the Standalone financial statements

Because of the inherent limitations of internal financial controls with reference to the standalone financial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to the standalone financial statements to future periods are subject to the risk that the internal financial control with reference to the standalone financial statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Auditor’s Responsibility

Our responsibility is to express an opinion on the Company’s internal financial controls with reference to the standalone financial statements based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing, issued by ICAI and deemed to be prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls, both applicable to an audit of Internal Financial Controls and, both issued by the Institute of Chartered Accountants of India. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to the standalone

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financial statements was established and maintained and if such controls operated effectively in all material respects.

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with reference to the standalone financial statements and their operating effectiveness. Our audit of internal financial controls with reference to the standalone financial statements included obtaining an understanding of internal financial controls with reference to the standalone financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the standalone financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Company’s internal financial controls with reference to the standalone financial statements.

Meaning of Internal Financial Controls with reference to the Standalone financial statements

A company’s internal financial control with reference to the standalone financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of standalone financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control with reference to the standalone financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of standalone financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the standalone financial statements.

For M. Anandam & Co., Chartered Accountants (Firm’s Registration No. 000125S)

Place: Hyderabad Date: 27[th] May, 2025

Sd/B.V.Suresh Kumar Partner Membership No. 212187 UDIN: 25212187BMKXYQ6715

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Annexure “B” to the Independent Auditor’s Report

With reference to Paragraph 2 under ‘Report on Other Legal Regulatory Requirements’ section of our report to the Members of the Company, we report that:

i. In respect of the Company’s Property, Plant and Equipment and Intangible Assets:
(a) (A) The Company has maintained proper records showing full particulars, including quantitative details and situation of Property, Plant and Equipment.
- (B) The Company has maintained proper records showing full particulars of intangible assets.
(b) According to the information and explanations given to us and the records of the company examined by us, the property, plant and equipment have been physically verified by the management in a periodical manner, which in our opinion is reasonable, having regard to the size of the Company and the nature of its business. No material discrepancies were noticed on such physical verification.
(c) Based on our examination of registered sale deeds and other documents, the title deeds of all the immovable properties disclosed in the standalone financial statements are held in the name of the Company.
(d) The Company has not revalued any of its Property, Plant and Equipment (including right-of-use assets) and intangible assets during the year.
(e) No proceedings have been initiated during the year or are pending against the Company as at March 31, 2025 for holding any benami property under the Prohibition of Benami Property Transactions Act, 1988 (as amended in 2016) and rules made thereunder.
ii. (a) The inventory has been physically verified by the management during the year. In our opinion, the coverage, frequency and procedure of such verification is reasonable and adequate in relation to the size of the Company and the nature of its business. The discrepancies noticed on verification between the physical stocks and the book records were not exceeding 10% in the aggregate for each class of inventory and have been properly dealt with in the books of accounts.
(b) The Company is sanctioned working capital limits in excess of Rs.5 Crore from banks on the basis of security of current assets. Further, the quarterly statements/revised statements filed by the Company with such banks are in agreement with the books of account of the Company.
iii. (a) During the year, the Company has granted unsecured loan to the wholly owned subsidiary. The Company has not made investments, has not provided any guarantee or security. The details of the loan given are as follows:

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Particulars Amount in lakhs
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Particulars	Amount in lakhs

Aggregate amount granted during the year to
- Subsidiaries	1.00
- Others	-
Balance outstanding as at balance sheet date in respect of above cases to
- Subsidiaries	1.00
- Others	-

The Company does not have any joint ventures or associates.

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b) In respect of the aforesaid loan, the terms and conditions under which such loans were granted are not prejudicial to the Company’s interest. The Company has not made any investments or provided any guarantee or security.
c) In respect of loan granted by the Company, the schedule of repayment of principal has been stipulated and the repayments of principal amounts have generally been regular as per stipulation.
d) In respect of loan granted by the Company, there is no overdue principal amount remaining outstanding as at the balance sheet date.
e) The loan granted during the year has not fallen due nor has it been renewed or extended or settled by granting fresh loan. Hence, reporting under clause 3(iii)(e) is not applicable.
f) The Company has not granted any loans or advances in the nature of loans either repayable on demand or without specifying any terms or period of repayment during the year. Hence, reporting under clause 3(iii)(f) is not applicable
iv. In our opinion, the Company has complied with the provisions of Sections 185 and 186 of the Companies Act, 2013 in respect of the loans and investments made. The Company has not provided any guarantees and security to the parties covered under Section 185 and 186 of the Companies Act, 2013.
v. The Company has not accepted any deposits or amounts which are deemed to be deposits. Hence, reporting under clause 3(v) of the Order is not applicable.
vi. We have broadly reviewed the cost records maintained by the Company as prescribed under subsection (1) of section 148 of the Act, and are of the opinion that, prima facie, the prescribed accounts and records have been made and maintained. We have, however, not made a detailed examination of the cost records with a view to determine whether they are accurate or complete.
vii. In respect of statutory dues:
a) In our opinion, the Company is regular in depositing undisputed statutory dues in respect of Provident Fund, Goods and Services tax, Employees’ State Insurance, Income Tax, and other statutory dues applicable to it with the appropriate authorities and there were no arrears of undisputed outstanding statutory dues as at the last day of the financial year concerned for a period of more than six months from the date they became payable. Sales Tax, Value Added Tax, Service Tax, Duty of Excise and Customs duty are not applicable to the Company
b) Details of statutory dues referred to in sub-clause (a) above which have not been deposited as on March 31, 2025 on account of disputes are given below:

Name of the Statute	Nature of the Dues	Amount (In Lakhs)	Amount Not Deposited (In Lakhs)	Period to which the amount relates	Forum where the dispute is pending
Andhra Pradesh General Sales Tax Act,1957 / AP VAT Act,2005	Sales tax/ VAT	85.68	85.68	1999-00 & 2000-01	Hon’ble High Court of Telangana
AP Electricity Duty Amendment Act,2003	Electricity Duty	230.00	230.00	2003-04 to 2013-14	Hon’ble High Court of Telangana

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Amount Period to
Name of the Nature of Amount Not which the Forum where the
Statute the Dues (In Lakhs) Deposited amount dispute is pending
(In Lakhs) relates
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Name of the Statute	Nature of the Dues	Amount (In Lakhs)	Amount Not Deposited (In Lakhs)	Period to which the amount relates	Forum where the dispute is pending

Telangana Tax on Entry of Goods into Local Areas Act,2001	Entry Tax	18.38	9.19	2012-13 To 2016-17	Appellate Tribunal, Hyderabad
Customs Act, 1962	Customs Duty	24.12	24.12	August 2020	Commissioner of Customs (Appeals -II), Chennai.
Income Tax Act, 1961	Income Tax	275.09	27.00	2014-2015	National Faceless Appeal Centre, New Delhi
Goods and Services Tax Act, 2017	Goods and Services Tax	15.97	0.92	2017-18	Appellate Additional Commissioner, Vijayawada
Goods and Services Tax Act, 2017	Goods and Services Tax	386.12	-	2021-22 to 2024-25	Hon’ble High Court of Rajasthan
Andhra Pradesh Mineral Bearing Lands Infrastructure Cess Act,2005	Cess	381.20	-	2017-18 to 2024-25	Hon’ble High Court of Telangana
Customs Act, 1962	Customs Duty	155.27	-	2012-13	Hon’ble High Court of Andhra Pradesh

viii. There were no transactions relating to previously unrecorded income that have been surrendered or disclosed as income during the year in the tax assessments under the Income Tax Act, 1961 (43 of 1961).
xi. a) According to the information and explanations given to us and records of the Company examined by us, the Company has not defaulted in repayment of loans or borrowings or in the payment of interest thereon to any lender.
b) The Company has not been declared wilful defaulter by any bank or financial institution or government or any government authority.
c) According to the information and explanations given to us and records of the Company examined by us, we report that the Company has applied the term loans for the purpose for which the loans were obtained.
d) According to the information and explanations given to us and records of the Company examined by us and on an overall examination of the standalone financial statements of the Company, we report that no funds raised on short-term basis have been utilised for long term purposes by the Company.
e) On an overall examination of the standalone financial statements, the Company has not taken any funds from any entity or person on account of or to meet the obligations of its subsidiary. The Company does not have associates or joint ventures.

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f) According to the information and explanations given to us and records of the Company examined by us, we report that the Company has not raised loans during the year on the pledge of securities held in its subsidiary. The Company does not have associates or joint ventures.e)
x. a) The Company has not raised moneys by way of initial public offer or further public offer (including debt instruments) during the year and hence reporting under clause 3(x)(a) of the Order is not applicable.
b) During the year, the Company has not made any preferential allotment or private placement of shares or convertible debentures (fully or partly or optionally) and hence reporting under clause 3(x) (b) of the Order is not applicable.
xi. a) No fraud by the Company and no material fraud on the Company has been noticed or reported during the year.
b) No report under sub-section (12) of section 143 of the Companies Act has been filed in Form ADT4 as prescribed under rule 13 of Companies (Audit and Auditors) Rules, 2014 with the Central Government, during the year and upto the date of this report.
c) As represented to us by the management, there are no whistle blower complaints received by the company during the year.
xii. The Company is not a Nidhi Company and hence reporting under clause 3(xii) of the Order is not applicable.
xiii. In our opinion, the Company is in compliance with Section 177 and 188 of the Companies Act, 2013 with respect to applicable transactions with the related parties and the details of related party transactions have been disclosed in the standalone financial statements as required by the applicable accounting standards.
xiv. a) In our opinion the Company has an adequate internal audit system commensurate with the size and the nature of its business.
b) We have considered, the internal audit reports of the company issued till date, for the year under audit.
xv. In our opinion during the year the Company has not entered into any non-cash transactions with its Directors or persons connected with its directors and hence provisions of section 192 of the Companies Act, 2013 are not applicable to the Company.
xvi. a) According to the information and explanations given to us and records of the Company examined by us, the Company is not required to be registered under section 45-IA of the Reserve Bank of India Act, 1934. Hence, reporting under clause 3(xvi)(a) of the Order is not applicable.
b) The Company is not a core investment company as defined in the Regulations made by the Reserve Bank of India. Accordingly, reporting under clause 3(xvi)(c) of the Order is not applicable.
c) The Company is not a core investment company as defined in the Regulations made by the Reserve Bank of India. Accordingly, reporting under clause 3(xvi)(c) of the Order is not applicable.
d) According to the information and explanations given to us and records of the Company examined by us, there is no core investment company within the Group (as defined in the Core Investment Companies (Reserve Bank) Directions, 2016) and accordingly reporting under clause 3(xvi)(d) of the Order is not applicable.

xvii. The Company has not incurred cash losses during the financial year covered by our audit and in the immediately preceding financial year.

xviii. There has been no resignation of the statutory auditors of the Company during the year.

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STANDALONE INDEPENDENT AUDITOR'S REPORT

xix. On the basis of the financial ratios, ageing and expected dates of realisation of financial assets and payment of financial liabilities, other information accompanying the standalone financial statements and our knowledge of the Board of Directors and Management plans and based on our examination of the evidence supporting the assumptions, nothing has come to our attention, which causes us to believe that any material uncertainty exists as on the date of the audit report indicating that Company is not capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. We, however, state that this is not an assurance as to the future viability of the Company. We further state that our reporting is based on the facts up to the date of the audit report and we neither give any guarantee nor any assurance that all liabilities falling due within a period of one year from the balance sheet date, will get discharged by the Company as and when they fall due.
xx. a) There is no unspent amount in respect of other than ongoing projects towards Corporate Social Responsibility (CSR). Hence, reporting under clause 3(xx)(a) of the Order is not applicable.
b) The Company does not have ongoing projects relating to CSR. Hence reporting under clause 3(xx)(b) of the Order is not applicable.

For M. Anandam & Co., Chartered Accountants (Firm’s Registration No. 000125S)

Sd/B.V.Suresh Kumar Partner Place: Hyderabad Membership No. 212187 Date: 27[th] May, 2025 UDIN: 25212187BMKXYQ6715

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Annual Report 2024-25

STANDALONE FINANCIAL STATEMENTS

STANDALONE BALANCE SHEET AS AT 31[ST] MARCH 2025

Rs. in lakhs

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As at As at
Particulars Note
31 [st] March 2025 31 [st] March 2024
I. ASSETS
Non-current assets
(a) Property, plant and equipment 3.1 38,129.84 39,994.28
(b) Other intangible assets 3.2 2,095.51 2,228.00
(c) Right-of-use assets 3.3 13.09 75.64
(d) Capital work-in-progress 3.4 80,538.06 51,367.44
(e) Investment property 3.5 - 8.12
(f) Financial assets
(i) Investments 4.1 16.93 18.12
(ii) Loans 4.2 1.00 -
(iii) Other financial assets 4.3 3,611.59 2,605.76
(g) Other non-current assets 5 3,490.35 7,000.48
Current assets
(a) Inventories 6 10,063.06 10,107.14
(b) Financial assets
(i) Trade receivables 7.1 5,772.45 5,409.40
(ii) Cash and cash equivalents 7.2 14,297.00 23,015.71
(iii) Other bank balances 7.3 138.80 46.45
(iv) Loans 7.4 18.18 8.76
(v) Other financial assets 7.5 482.67 518.04
(c) Current tax assets (net) 8 14.34 408.96
(d) Other current assets 9 3,857.49 1,791.93
TOTAL ASSETS 1,62,540.36 1,44,604.23
II. EQUITY AND LIABILITIES
Equity
(a) Equity share capital 10 700.38 700.38
(b) Other equity 11 71,543.63 71,197.11
Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings 12.1 54,668.41 38,447.87
(ii) Lease liabilities 3.2 2.52 46.43
(b) Provisions 13 564.91 593.99
(c) Deferred tax liabilities (net) 14 5,402.83 5,420.95
Current liabilities
(a) Financial liabilities
(i) Borrowings 15 16,733.19 13,484.63
(ii) Trade payables 15.1
a) Total outstanding dues of micro enterprises and small 493.09 716.15
enterprises
b) Total outstanding dues of creditors other than micro 3,122.27 3,357.65
enterprises and small enterprises
(iii) Lease liabilities 3.3 10.69 31.68
(iv) Other financial liabilities 15.2 8,395.10 7,054.06
(b) Other current liabilities 16 717.41 3,367.86
(c) Provisions 17 185.93 185.47
TOTAL EQUITY AND LIABILITIES 1,62,540.36 1,44,604.23
Summary of material accounting policies 2
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The accompanying notes are an integral part of the standalone financial statements.

As per our report of even date On behalf of Board of Directors For M.Anandam & Co.,

Chartered Accountants

(Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

Sd/-

P.Parvathi Chairperson & Managing Director DIN : 00016597

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/-

S.Venkateswarlu Whole-time Director DIN : 08602254

Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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Annual Report 2024-25

STANDALONE FINANCIAL STATEMENTS

STANDALONE STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

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Year ended Year ended
Particulars Note
31 [st] March 2025 31 [st] March 2024
I. Income
Revenue from operations 18 52,697.72 79,942.50
Other income 19 1,619.91 1,599.91
Total income 54,317.63 81,542.41
II. Expenses
Cost of materials consumed 20 6,955.14 9,078.70
Purchases of stock-in-trade 37.50 -
Changes in inventories of finished goods, work-in-progress 21 (200.35) (33.26)
and stock-in-trade
Employee benefits expense 22 3,067.96 3,292.28
Finance costs 23 1,275.17 1,237.37
Depreciation and amortization expenses 24 2,807.71 2,763.46
Power and fuel 21,431.82 30,403.74
Freight charges 9,761.37 15,846.82
Other expenses 25 8,105.78 11,973.10
Total expenses 53,242.10 74,562.21
III. Profit before exceptional items and tax (I - II) 1,075.54 6,980.20
IV. Exceptional items
Forest transit fee 26 - 1,632.75
V. Profit before tax (III-IV) 1,075.54 5,347.45
VI. Tax expense:
(1) Current tax 347.12 1,470.67
(2) Earlier year’s tax (2.25) -
(3) Deferred tax (22.64) 150.51
VII. Profit for the year (V- VI) 753.30 3,726.27
VIII.Other comprehensive income
Items that will not be reclassified to profit or loss
a) Remeasurement of defined benefit plans 17.97 (65.41)
b) Income tax relating to item (a) above (4.52) 16.46
Other comprehensive income/(loss) (net of tax) 13.45 (48.95)
IX. Total comprehensive income for the year 766.75 3,677.32
X. Earnings per equity share (Face value of Rs. 5/- each)
(1) Basic (in Rs.) 33 5.38 26.60
(2) Diluted (in Rs.) 5.38 26.60
Summary of material accounting policies 2
The accompanying notes are an integral part of the standalone financial statements.
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As per our report of even date On behalf of Board of Directors For M.Anandam & Co., Chartered Accountants

(Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

Sd/Sd/- P.Parvathi S.Venkateswarlu Chairperson & Managing Director Whole-time Director DIN : 00016597 DIN : 08602254 Sd/Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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Annual Report 2024-25

STANDALONE FINANCIAL STATEMENTS

STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

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Year ended Year ended
Particulars
31 [st] March 2025 31 [st] March 2024
Cash flow from operating activities
Profit before tax 1,075.54 5,347.45
Adjustments for:
Depreciation and amortisation expenses 2,807.71 2,763.46
Net Profit/loss on sale of property, plant and equipment (312.36) 168.17
Net gain on sale of investment property - (80.08)
Amortisation of revenue grant - (23.63)
Interest income on deposits and others (1,060.72) (1,395.13)
Rental income (2.57) -
Dividend income (0.55) (0.29)
Liabilities no longer required written back (221.19) (66.41)
Provision for bad and doubtful debts 8.75 (6.18)
Finance costs 1,275.17 1,237.375
Gain on derecognition of lease liabilities (3.44) -
Net (gain)/loss on fair value changes of investment 1.19 (2.91)
designated at FVTPL
Operating Profit before working capital changes 3,567.52 7,941.82
Changes in operating assets and liabilities
(Increase) / decrease in Trade Receivables (371.80) (2,582.24)
(Increase)/ decrease in financial assets other than trade (1,217.30) (729.56)
receivables
(Increase) / Decrease in other assets (1,800.37) 1,431.94
(Increase) / Decrease in Inventories 44.08 1,228.12
Increase/(Decrease) in Trade payables (237.25) (1,345.27)
Increase / (Decrease) in other financial liabilities (880.99) (583.50)
Increase / (Decrease) in provisions (16.68) (13.23)
Increase / (Decrease) in other liabilities (2,650.45) 2,001.85
Cash Generated from Operations (3,563.24) 7,349.94
Income taxes paid (200.00) (1,680.00)
Net cash flow from/(used in) operating activities (3,763.24) 5,669.94
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Annual Report 2024-25

STANDALONE FINANCIAL STATEMENTS

STANDALONE STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

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Year ended Year ended
Particulars
31 [st] March 2025 31 [st] March 2024
Cash flows from investing activities
Payment for property, plant and equipment, Capital WIP (27,808.03) (28,471.75)
Advances given for property, plant and equipment and 3,494.73 (675.83)
Capital WIP
Proceeds from sale of property, plant and equipment 371.87 93.52
Proceeds from sale of investment property - 170.00
Interest received on deposits and others 1,205.79 1,224.91
Dividend received 0.55 0.29
Rent received 2.57 -
Loan to wholly owned subsidiary (1.00) -
Investment in wholly owned subsidiary - (1.00)
Net cash flow from/ (used in) investing activities (22,733.52) (27,659.85)
Cash flow from financing activities
Proceeds from non-current borrowings 16,387.96 23,328.66
Repayment of non-current borrowings (167.42) (406.34)
Proceeds from/ (repayment) of current borrowings 3,248.55 2,446.74
Dividend paid (420.23) (525.28)
Interest paid (1,235.19) (1,043.80)
Interest on lease liabilities (6.04) (5.79)
Payment for principal component of lease liabilities (29.59) (25.53)
Net cash flow from/ (used in) financing activities 17,778.05 23,768.65
Net increase (decrease) in cash and cash equivalents (8,718.71) 1,778.74
Cash and Cash equivalents at the beginning of the year 23,015.71 21,236.97
Effects of exchange rate changes on cash and cash equivalents - -
Cash and Cash equivalents at the end of the year (Note 7.2) 14,297.00 23,015.71
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STANDALONE FINANCIAL STATEMENTS

Rs. in lakhs

Reconciliation of cash and cash equivalents as per the cash flow statement

Cash and Cash equivalents as per above comprise of the following:

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Year ended Year ended
Particulars
31 [st] March 2025 31 [st ] March 2024
a) Balances with banks
in current accounts 47.47 72.25
in deposit accounts 13,284.86 21,596.80
in margin money deposit accounts 36.69 -
debit balance in cash credit accounts 917.87 1,343.14
b) Cash on hand 10.11 3.52
Total 14,297.00 23,015.71
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Statement of Cash Flows has been prepared under the indirect method as set out in Ind AS - 7 specified under Section 133 of the Companies Act, 2013.

15.1(a) Net Debt Reconciliation

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Year ended Year ended
Particulars
31 [st] March 2025 31 [st ] March 2024
Opening balance of borrowings 51,932.50 26,554.87
Add:- Net Proceeds from non-current borrowings 16,387.96 23,328.66
Less: (Repayment) of non-current borrowings (167.42) (406.34)
Proceeds/ (repayment) from current borrowings (net) 3,248.55 2,446.73
Fair value adjustments - 8.58
Closing balance of borrowings 71,401.59 51,932.50
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Summary of material accounting policies (refer Note 2)

The accompanying notes are an integral part of the standalone financial statements.

As per our report of even date For M.Anandam & Co., Chartered Accountants (Firm Registration Number: 000125S) Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

On behalf of Board of Directors

Sd/-

P.Parvathi Chairperson & Managing Director DIN : 00016597 Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/-

S.Venkateswarlu Whole-time Director DIN : 08602254 Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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Annual Report 2024-25

STANDALONE FINANCIAL STATEMENTS

STANDALONE STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

a. Equity share capital

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Particulars Note 31 [st] March 2025 31 [st] March 2024
Balance at the beginning of the year 10 700.38 700.38
Add: Changes in equity share capital due to prior - -
period errors
Restated balance at the beginning of the year 700.38 700.38
Changes in equity share capital during the year - -
Balance at the end of the year 700.38 700.38
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b. Other equity

Year ended 31[st] March, 2025

Particulars Note	Reserves and surplus Total Securities premium General reserve Retained earnings
Balance as at 01st April, 2024 11 Proft for the year Dividend Other comprehensive income/(loss) (net of tax)	1,250.14 4,639.52 65,307.45 71,197.11 - - 753.30 753.30 - - (420.23) (420.23) - - 13.45 13.45
Balance as at 31st March 2025	1,250.14 4,639.52 65,653.97 71,543.63

Year ended 31[st] March, 2024

Particulars Note	Reserves and surplus Total Securities premium General reserve Retained earnings
Balance as at 01st April, 2023 11 Proft for the year Dividend Other comprehensive income/(loss) (net of tax)	1,250.14 4,639.52 62,155.41 68,045.07 - - 3,726.27 3,726.27 - - (525.28) (525.28) - - (48.95) (48.95)
Balance as at 31st March, 2024	1,250.14 4,639.52 65,307.45 71,197.11
Summaryof material accounting policies 2

The accompanying notes are an integral part of the Standalone Financial Statements.

As per our report of even date For M.Anandam & Co., Chartered Accountants (Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

On behalf of Board of Directors

Sd/- P.Parvathi Chairperson & Managing Director DIN : 00016597

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/- S.Venkateswarlu Whole-time Director DIN : 08602254 Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

March 2025 Notes forming part of the standalone financial statements for the year ended 31[st]

1 Company Information:

Deccan Cements Limited (‘the Company’) is a public limited company incorporated in India having its registered office situated at Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad, Telangana 500082. The Company is engaged in the manufacturing and selling of Cement, production and selling of power from hydel and wind sources and trading of tile adhesives.

2 Material Accounting Policies:

This note provides a list of the material accounting policies adopted in the preparation of the standalone financial statements. These policies have been consistently applied to all the years presented, unless otherwise stated.

i) Statement of Compliance:

The standalone financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time, notified under section 133 of the Companies Act, 2013, (“Act”) and other relevant provisions of the Act.

ii) Basis of preparation:

The standalone financial statements have been prepared under the historical cost convention with the exception of certain assets and liabilities that are required to be carried at fair values as per Ind AS. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

iii) Use of estimates and critical accounting judgements:

In preparation of the standalone financial statements, the Company makes judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and the associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and the underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and future periods affected. Significant judgements and estimates relating to the carrying values of assets and liabilities include useful lives of property, plant and equipment and intangible assets, impairment of property, plant and equipment, intangible assets and investments, provision for employee benefits and other provisions, recoverability of deferred tax assets, commitments and contingencies.

iv) Revenue Recognition:

i) Sale of Products

Revenue is recognised when the performance obligations have been satisfied, which is once control of the goods is transferred from the Company to the customer.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

value of the consideration received or receivable, net of returns and allowances, trade discounts and volume rebates and excludes amounts collected on behalf of third parties.

Power: Revenue from sale of power is recognized net of wheeling and banking charges, line losses and the selling costs.

ii) Other income

Interest income is recognized on time proportion basis taking into account the amount outstanding and the rate applicable.

v) Borrowing Costs:

Borrowings costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for the intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing cost eligible for capitalization. Other borrowing costs are expensed in the period in which they are incurred.

vi) Employee Benefits:

(i) Short-term obligations

Liabilities for wages and salaries, including non-monetary benefits that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognized in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as current employee benefit obligations in the balance sheet.

(ii) Other long-term employee benefit obligations

The liabilities for earned leave is not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. They are therefore measured at the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the market yields at the end of the reporting period that have terms approximating to the terms of the related obligations. Remeasurements as a result of the experience adjustments and changes in actuarial assumptions are recognized in profit or loss. The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.

(iii) Gratuity obligations

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

employee benefit expense in the statement of profit and loss.Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in the period in which they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognized immediately in profit or loss.

(iv) Defined contribution plans

The Company pays provident fund contributions to publicly administered funds as per local regulations and super annuation fund to LIC of India. The Company has no further payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the contributions are recognized as employee benefit expense when they are due.

(v) Bonus plans

The Company recognizes a liability and an expense for bonuses. The Company recognizes a provision where contractually obliged or where there is a past practice that has created a constructive obligation.

vii) Income Taxes:

Tax expense for the year comprises current and deferred tax.

Current Tax is the amount of tax payable on the taxable income for the year as determined in accordance with the applicable tax rates and the provisions of the Income-tax Act, 1961 and other applicable tax laws that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on temporary differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary differences arise from the initial recognition (other than in a business combination) of assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. In addition, deferred tax liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill.

The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Tax relating to items recognized directly in equity or other comprehensive income is recognised in

equity or other comprehensive income and not in the Statement of Profit and Loss.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously.

viii) Property, plant and equipment (PPE):

Property, plant and equipment are carried at cost less accumulated depreciation and impairment losses, if any. The cost of property, plant and equipment comprises of purchase price, applicable duties and taxes, any directly attributable expenditure on making the asset ready for its intended use, other incidental expenses and interest on borrowings attributable to acquisition of qualifying fixed assets, upto the date the asset is ready for its intended use. All other repair and maintenance costs, including regular servicing, are recognised in the statement of profit and loss as incurred. When a replacement occurs, the carrying value of the replaced part is de-recognised. Where an item of property, plant and equipment comprises major components having different useful lives, these components are accounted for as separate items.

Property, Plant and equipment retired from active use and held for sale are stated at the lower of their net book value and net realizable value and are disclosed separately.

An item of property, plant and equipment is derecognised upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on the disposal or retirement of an item of property, plant and equipment is determined as the difference between the sales proceeds and the carrying amount of the asset and is recognised in profit or loss.

ix) Intangible Assets:

Intangible assets acquired separately are measured on initial recognition cost

x) Depreciation and amortisation expenses:

Depreciation is the systematic allocation of the depreciable amount of PPE over its useful life and is provided on the straight line method over the useful lives as prescribed in Schedule II to the Act.

The estimated useful lives of Property, Plant and Equipment are as follows:

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Asset description Life of the asset (in years)
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Buildings	3 years to 60 years
Plant and Equipment	3 years to 40 years
Furniture and Fittings	3 years to 10 years
Vehicles	8 years to 10 years
Ofce equipment	3 years to 10 years
RailwaySidings	10years to 15years

Intangible assets are amortized on straight line method based on the estimated useful lives.

The amortized period and amortization method are reviewed at each financial year end.

Cost of compensatory land (intangibles) paid / transferred to Government in lieu of forest land diverted for mining and free hold land for mining is amortized over the tenure of the mining lease. Cost of ERP Software is amortized over a period of four years.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

xi) Expenditure during construction period:

Expenditure during construction period (including finance cost related to borrowed funds for construction or acquisition of qualifying PPE) is included under Capital Work-in-Progress and the same is allocated to the respective PPE on the completion of their construction. Advances given towards acquisition or construction of PPE outstanding at each reporting date are disclosed as Capital Advances under “Other non-current Assets”.

xii) Impairment of Assets:

Intangible assets and property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the statement of profit and loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the statement of profit and loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had no impairment loss been recognized for the asset in prior years.

xiii) Inventories:

Raw Materials, Fuel, Stores & Spares and Packing Materials

These inventories are valued at lower of cost and net realizable value (NRV). However, these items are considered to be realizable at cost, if the finished products, in which they will be used, are expected to be sold at or above cost, Cost is determined on weighted Average basis.

Materials in Transit:

Valuation of Inventories of Materials in Transit is done at Cost.

Work-in-Progress (WIP) and Finished Goods

These inventories are valued at lower of cost and NRV. Cost of Finished Goods and WIP includes cost of raw materials, cost of conversion and other costs incurred in bringing the inventories to their present location and condition. Cost of inventories is computed on weighted average basis.

xiv) Provisions, Contingent Liabilities and Contingent Assets :

The Company recognises provisions when there is present obligation as a result of past event and it is probable that there will be an outflow of resources and reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows to net present value using an appropriate pre-tax discount rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. Unwinding of the discount is recognised in the Statement of Profit and Loss as a finance cost. Provisions are reviewed at each reporting date and are adjusted to reflect the current best estimate.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

A present obligation that arises from past events where it is either not probable that an outflow of resources will be required to settle or a reliable estimate of the amount cannot be made, is disclosed as a contingent liability. Contingent Liabilities are also disclosed when there is a possible obligation arising from past events, the existence of which will be confirmed only by the occurrence or nonoccurrence of one or more uncertain future events not wholly within the control of the Company.

Contingent assets are not recognized in financial statements since this may result in the recognition of income that may never be realised.

xv) Financial instruments:

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.

Financial assets

(i) Financial assets carried at amortised cost

A financial asset is subsequently measured at amortised cost if it is held within a business model whose objective is to hold the asset in order to collect contractual cash flows and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.

(ii) Financial assets at fair value through other comprehensive income

A financial asset is subsequently measured at fair value through other comprehensive income if it is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and the contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Further, in case where the company has made an irrevocable selection based on its business model, for its investments which are classified as equity instruments, the subsequent changes in fair value are recognized in other comprehensive income.

(iii) Financial assets at fair value through profit or loss

A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss.

(iv) The Company recognizes loss allowances using the expected credit loss (ECL) model for the financial assets which are not fair valued through profit or loss. Loss allowance for trade receivables with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The amount of expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognised is recognized as an impairment gain or loss in statement of profit or loss.

~~108~~

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

Financial liabilities and equity instruments

Classification as debt or equity

Financial liabilities and equity instruments issued by the Company are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Equity Instruments

An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.

Financial Liabilities

Trade and other payables are initially measured at fair value, net of transaction costs, and are subsequently measured at amortised cost, using the effective interest rate method where the time value of money is significant.

Interest bearing bank loans, overdrafts and unsecured loans are initially measured at fair value and are subsequently measured at amortised cost using the effective interest rate method. Any difference between the proceeds (net of transaction costs) and the settlement or redemption of borrowings is recognised over the term of the borrowings in the statement of profit and loss.

Derecognition of financial instruments

The Company derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the Company’s balance sheet when the obligation specified in the contract is discharged or cancelled or expires.

Fair value of financial instruments

In determining the fair value of its financial instruments, the Company uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, available quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may or may not be realized.

Offsetting financial instruments

Financial assets and liabilities are offset and the net amount is reported in the balance sheet where there is a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The legally enforceable right must not be contingent on future events and must be enforceable in the normal course of business and in the event of default, insolvency or bankruptcy of the Company or the counterparty.

xvi) Earnings Per Share :

The basic earnings per share is computed by dividing the profit/(loss) for the year attributable to the equity shareholders by the weighted average number of equity shares outstanding during the year. For the purpose of calculating diluted earnings per share, profit/(loss) for the year attributable to the equity shareholders and the weighted average number of the equity shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

xvii) Cash and cash equivalents:

Cash and cash equivalents include cash on hand and demand deposits with banks. Cash equivalents are short-term balances (with an original maturity of three months or less), highly liquid investments that are readily convertible into known amounts of cash and which are subject to insignificant risk of changes in value.

xviii) Government Grants:

Grants from the government are recognised at fair value where there is a reasonable assurance that the grant will be received and the Company will comply with all attached conditions. Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs they are intended to compensate and presented within other income. Government grants relating to the purchase of property, plant and equipment are included in noncurrent liabilities as deferred income and are credited to profit and loss on a straight line basis over the expected lives of the related assets and presented within other income. The benefit of a government loan at below current market rate of interest is treated as a government grant.

xix) Leases

As a lessee:

The Company assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the company assesses whether:

(1) The Contract involves the use of an identified asset;
(2) The Company has substantially all the economic benefits from use of the asset through the period of the lease and
(3) The Company has the right to direct the use of the asset.

The Company recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Company recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised.

The right-of-use assets are initially recognized at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or prior to the commencement date of the lease plus any initial direct costs less any lease incentives. They are subsequently measured at cost less accumulated depreciation and impairment losses. Right-of-use assets are depreciated from the commencement date on a straight-line basis over the balance lease term of the underlying asset. Right of use assets are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

leases. Lease liabilities are re-measured with a corresponding adjustment to the related right of use asset if the company changes its assessment if whether it will exercise an extension or a termination option.

Lease liability and ROU asset shall be separately presented in the Balance Sheet and lease payments shall be classified as financing cash flows.

xx) Dividend Distribution

Dividends paid (including income tax thereon) is recognised in the period in which the interim dividends are approved by the Board of Directors, or in respect of the final dividend when approved by shareholders.

xxi) Rounding off amounts

All amounts disclosed in the standalone financial statements and notes have been rounded off to the nearest lakh as per the requirement of Schedule III, unless otherwise stated.

xxii) Standards issued but not yet effective

There is no such notification is applicable from April 1, 2025.

~~111~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

3.1 (a) Property, plant and equipment All amounts in Rs.lakhs, unless otherwise stated	Particulars Gross carrying amount Accumulated depreciation Net carrying amount As at 1st April 2024 Additions Deletions As at 31st March 2025 As at 1st April 2024 For the Year On disposals As at 31st March 2025 As at 31st March 2025	Owned assets Land 3,242.68 488.67 - 3,731.34 - - - - 3,731.34 Buildings 7,531.09 110.69 45.86 7,595.92 2,165.59 337.14 17.70 2,485.03 5,110.89 Plant and equipment 41,712.44 91.20 7.37 41,796.26 13,065.24 1,955.73 5.5315,015.44 26,780.83 Furniture and fxtures 126.97 8.12 0.44 134.65 39.12 13.07 0.42 51.77 82.88 Vehicles 488.19 6.00 72.72 421.47 252.59 45.31 43.35 254.55 166.92 Computers 124.03 4.33 - 128.35 112.95 3.28 - 116.23 12.12 Ofce equipment 126.65 4.36 2.30 128.70 69.71 15.39 2.19 82.92 45.79 Railway sidings 3,868.77 126.28 - 3,995.05 1,521.34 274.64 - 1,795.98 2,199.07	TOTAL 57,220.82 839.64 128.70 57,931.77 17,226.54 2,644.56 69.19 19,801.91 38,129.84	3.1 (b) Property, plant and equipment	Gross carrying amount Accumulated depreciation Net carrying amount	Particulars As at 1st April 2023 Additions Deletions As at 31st March 2024 As at 1st April 2023 For the Year On disposals As at 31st March 2024 As at 31st March 2024	Owned assets	Land 3,196.93 45.75 - 3,242.68 - - - - 3,242.68	Buildings 7,445.32 85.77 - 7,531.09 1,834.47 331.12 - 2,165.59 5,365.50	Plant and equipment 40,789.13 923.31 - 41,712.44 11,150.85 1,914.39 - 13,065.24 28,647.20 Furniture and fxtures 115.17 11.80 - 126.97 27.48 11.63 - 39.12 87.85	Vehicles 546.28 45.01 103.10 488.19 265.56 55.45 68.42 252.59 235.60	Computers 121.42 2.61 - 124.03 101.74 11.21 - 112.95 11.08 Ofce equipment 113.60 13.05 - 126.65 55.39 14.32 - 69.71 56.94	Railway sidings 3,868.77 - - 3,868.77 1,251.81 269.53 - 1,521.34 2,347.43	TOTAL 56,196.62 1,127.30 103.10 57,220.82 14,687.30 2,607.68 68.42 17,226.54 39,994.28	3.1 (c) The details of assets pledged as borrowings, refer note no.12.1 and 15 to the standalone fnancial statements.	3.1 (d) The Company has not revalued any property, plant and equipment or intangible assets after initial recognition, during the	current and previous year.	3.1 (e) Refer Note 31 for capital commitments

~~112~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

==> picture [409 x 515] intentionally omitted <==

----- Start of picture text -----

Net carrying amount As at st 31March 2025 2,082.29 13.22 2,095.51 Net carrying amount As at st31 March 2024 2,151.97 76.03 2,228.00 2.80 96.50 1.54 22.12 75.64
st
As at st March 2025 As at 31 March 2024 As at March 2024
31 590.30 251.24 841.54 520.62 188.43 709.05 st
31
On On
disposals - - - disposals - - -
75.64 20.98 52.86 30.67 13.09
Year Year
For the 69.68 62.81 132.49 For the 69.68 62.81 132.49
Accumulated amortisation Accumulated amortisation
April April
As at st 2024 As at st 2023 As at
1 1
520.62 188.43 709.05 450.93 125.62 576.55 March 2025
st
As at st March 2025 As at st March 2024 31
31 2,672.59 264.46 2,937.05 31 2,672.59 264.46 2,937.05
Deletions - - - Deletions - - -
Additions - - - Additions - - -
Gross carrying amount Gross carrying amount
April April
As at st 2024 As at st 2023
1 1
2,672.59 264.46 2,937.05 2,672.59 264.46 2,937.05
Following are the changes in the carrying value of right of use assets:
Particulars Compensatory land & afforestation expenses Computer software (acquired) TOTAL 3.2 (b) Other intangible assets Particulars Compensatory land & afforestation expenses Computer software (acquired) TOTAL 3.3 Right-of-use assets Particulars Opening Balance Add: Additions during the year Less: Deletions during the year Less: Amortisation during the year Closing Balance
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

==> picture [431 x 518] intentionally omitted <==

----- Start of picture text -----

31.68 46.43 78.11 2.90 96.50 5.79 1.55 25.53 78.11 37.81 36.45 13.26 87.52 - 5.79 22.12
As at As at As at As at
March 2024 March 2024 March 2024 March 2024
st st st st
31 31 31 31
10.69 2.52 13.21 78.11 20.98 6.04 56.30 35.63 13.21 11.30 3.22 0.01 14.53 (3.44) 6.04 30.67
As at As at As at As at
March 2025 March 2025 March 2025 March 2025
st st st st
31 31 31 31
The aggregate depreciation expense on ROU assets is included under depreciation and amortisation expense in the Statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities: Particulars Current lease liabilities Non-current lease liabilities Total The following is the movement in lease liabilities: Particulars Balance at the beginning of the year Additions during the year Finance Cost accrued during the year Deletions Payment of lease liabilities Balance at the end of the year The table below provides details regarding the contractual maturities of lease liabilities on an undiscounted basis: Particulars Less than one year One to two years Two to three years Total Amount recognised in the Statement of Profit and Loss: Particulars Gain on derecognition of lease liabilities Interest expenses Amortisation of right- of- use assets The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due.
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

As at 31st March 2025	80,538.06	80,538.06			Total	80,538.06 -	80,538.06		As at March 2024	51,367.44	51,367.44			Total
					years	481.77 -	481.77		31st	24,100.09 28,347.94 1,080.59	24,100.09 28,347.94 1,080.59	024	period of	More than 3 years
Capitalised/ Adjustments	463.43	463.43		P for a period of	years More than 3	133.20 -	133.20		Capitalised/ Adjustments
													in CWIP for a	2 - 3 years
Additions	Capital work-in-progress 51,367.44 29,634.05	Total 51,367.44 29,634.05	CWIP ageing schedule as at 31st March 2025	Amount in CWI	Less than 1 year 1 - 2 years 2 - 3	Projects in progress 30,337.62 28,585.48 21, Projects temporarily suspended - -	Total 30,337.62 28,585.48 21,	3.4(b) Capital work-in-progress :	Additions
													Amount	Less than 1 year 1 - 2 years
As at 1st April 2024									As at 1st April 2023
Particulars				Particulars					Particulars	Capital work-in-progress	Total	CWIP ageing schedule as at 31st March 2	Particulars

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

==> picture [362 x 515] intentionally omitted <==

----- Start of picture text -----

- - - -
Total Total
78,188.24 78,188.24 78,188.24 78,188.24
- - - - March 2025 March 2024
st st
Actual Cost incurred upto 31 Actual Cost incurred upto 31
- -
More than 3 years More than 3 years
- - - -
1,16,207.00 1,16,207.00
2-3 years 2-3 years
- - - -
To be completed in To be completed in Latest Revised Cost Latest Revised Cost
- -
1-2 years 1-2 years
- -
1,12,576.00 1,12,576.00
78,188.24 78,188.24 Original Cost Original Cost
Less than 1 year Less than 1 year
March 2024 March 2025: March 2024:
st st st
Particulars Projects in Progress Line - 3 Total b) As at 31 Particulars Projects in Progress Line - 3 Total Capital work-in-progress - Cost Overrun Projects: a) As at 31 Particulars Line -3 Total b) As at 31 Particulars - Total Capital work-in-progress mainly comprises of Plant and equipment and buildings.
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~~116~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

==> picture [400 x 518] intentionally omitted <==

----- Start of picture text -----

Net carrying amount As at st31 March 2025 - - Net carrying amount As at st31 March 2024 8.12 - 8.12 st March 2024 - - - -
- - - - -
As at 31
As at st31 March 2025 As at st31 March 2024 - - - -
- - - March
st
2025
On On 10.30 10.30
disposals disposals
As at 31
- - - 1.20 1.20
For the Year For the Year
Accumulated depreciation - - Accumulated depreciation -
As at st1 April 2024 As at st1 April 2023 9.10 9.10
As at st 31March 2025 - - As at st March 2024 8.12 - 8.12
31
8.12 8.12 26.34 73.88 100.22
Deletions Deletions
Adjustments
- - - - -
Particulars
Additions Additions
Gross carrying amount Gross carrying amount
8.12 8.12 34.46 73.88 108.34
April April
As at st 2024 As at st 2023
1 1
Disclosures - Ind AS 40
Particulars Land TOTAL 3.5 (b) Investment property Particulars Land Buildings TOTAL 3.5(c) Rental income from investment property Less: Direct operating expenses arising from investment property that generated rental income during the year Less: Direct operating expenses arising from investment property that did not gener- ate rental income during the year Income from investment property (net) Fair value of the investment property as at 31 March, 2025 based on the valuation by a registered valuer as defined under rule 2 of Companies (Registered Valuers and Valuation) Rules, 2017 - Nil (P.Y.8.12 lakhs). The Company has no restrictions on the disposal of its investment properties and no contractual obligations to purchase, construct or develop investment properties or for repairs, maintenance and enhancements. The Company has intended to construct a godown and hence, the investment property is regrouped to Property, Plant and Equipment.
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

4.1. Investments

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As at 31 [st] As at 31 [st]
Particulars
March, 2025 March, 2024
Investments in equity instruments (quoted - fully paid up)
Fair value through profit and loss (FVTPL)
Tata Consultancy Services Limited 15.83 17.02
440 (P.Y - 440) Equity Shares of Re. 1 /- each
Investments in equity instruments (unquoted - fully paid up)
At amortised cost
Wholly owned subsidiary
Deccan Swarna Cements Private Limited, India 1.00 1.00
10,000 (P.Y - 10,000) Equity Shares of Rs. 10 /- each
Investment in others (unquoted - fully paid up)
At amortised cost
DCFEMAC Co-operative Stores Limited 0.10 0.10
236 (P.Y - 236) Equity Shares of Rs. 100 /- each
TOTAL 16.93 18.12
Aggregate amount of quoted investments 15.83 17.02
Aggregate amount of unquoted investments 1.10 1.10
Aggregate amount of impairment in value of investments - -
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The Company has not traded or invested in Crypto currency or Virtual currency during the current year and previous year.

4.2. Loans

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Unsecured, considered good
Loan to wholly owned subsidiary (Refer Note 32) 1.00 -
TOTAL 1.00 -
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Amount granted: Rs. 1 lakh, Amount outstanding: Rs. 1 lakh, Due date of payment: 13th February, 2028, Interest rate: 7.5%

4.2.1 Disclosure for loans given to related parties

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As at 31 [st] March 2025 As at 31 [st] March, 2024
% to the total % to the total
Loan or advance Loan or advance
Particulars loand and loand and
in nature of loan in nature of loan
advances in the advances in the
outstanding outstanding
nature of loan nature of loan
Advances to
Related parties:
Promoter - 0% - -
Directors - 0% - -
KMPs 1.39 58.16% - -
Subsidiary company 1.00 41.84% - -
Total 2.39 100.00% 0.00 -
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

4.3. Other financial assets (non-current)

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As at 31 [st ] As at 31 [st]
Particulars
March 2025 March, 2024
Earmarked balances with banks
Margin money deposits against bank guarantees 162.33 276.35
Others
Deposits with government companies and others 3,449.26 2,329.41
TOTAL 3,611.59 2,605.76
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includes upfront payment made to Government of Rajasthan of Rs. 300 lakhs on successful bidding of mine as on 31st March 2025. (P.Y: 1845.14 lakhs) and Rs. 703.89 lakhs (P.Y: Nil) to Government of Telangana on successful bidding of mine at Saidulnama Block.

5. Other non-current assets

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As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Unsecured, considered good
Capital advances 2,911.47 6,406.20
Advances other than capital advances
Taxes paid under protest 448.66 421.66
Prepaid expenses 130.22 172.62
TOTAL 3,490.35 7,000.48
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6. Inventories (Valued at lower of cost and net realisable value)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
a) Raw materials 158.56 241.77
b) Work-in-progress 2,084.17 1,852.79
c) Finished goods 407.48 448.24
d) Stores and spares 4,822.29 4,397.32
e) Packing materials 130.22 145.57
f) Coal (Includes RDF and material in transit Rs. 516 lakhs 2,450.61 3,021.45
(P.Y 72.05 lakhs)
g) Tile adhesives 9.73 -
TOTAL 10,063.06 10,107.14
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6.1 For inventories secured against borrowings, refer note no.12.1 to the standalone financial statements.

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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

7.1. Trade receivables

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
a) Secured, considered good 2,383.12 2,645.59
b) Unsecured, considered good 3,391.00 2,767.56
Less: Allowance for credit losses (6.66) (6.92)
c) Credit impaired 32.88 22.05
Less:Allowance for credit losses (27.89) (18.88)
TOTAL 5,772.45 5,409.40
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7.1 Trade receivables are non-interest bearing and generally on credit term of 30 to 120 days.
7.2 For Trade receivables secured against borrowings, refer note no. 12.1 to the standalone financial statements.
7.3 For Company’s exposure to the market risk and credit risk, refer note no. 34 to the standalone financial statements.

Trade Receivables ageing schedule As at 31[st] March, 2025

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Outstanding for following periods from date of transaction
Less 6 More
Particulars 1 - 2 2 - 3
than 6 months - than 3 Total
years years
months 1 year years
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(i)	Undisputed Trade receivables	5,682.83	52.16	9.13	16.67	13.33	5,774.12
	– considered good
(ii)	Undisputed Trade receivables – which have signifcant	-	-	-	-	-	-
	increase in credit risk
(iii)	Undisputed Trade receivables	-	-	-	-	-	-
	– credit impaired
iv)	Disputed Trade receivables–	-	-	-	-	-	-
	considered good
(v)	Disputed Trade receivables – which have signifcant	-	-	-	-	-	-
	increase in credit risk
(vi)	Disputed Trade receivables –	-	-	-	-	32.88	32.88
	credit impaired
(vii)	Expected credit loss rate (in	-	-	-	20.00%	47.46%	-
	%)
(viii)	Expected credit loss	-	-	-	(3.33)	(31.21)	(34.55)
Total		5,682.83	52.16	9.13	13.35	15.00	5,772.45

~~120~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

Trade Receivables ageing schedule As at 31[st] March, 2024

==> picture [419 x 53] intentionally omitted <==

	considered good
(ii)	Undisputed Trade receivables – which have signifcant increase in	-	-	-	-	-	-
	credit risk
(iii)	Undisputed Trade receivables –	-	-	-	-	-	-
	credit impaired
(iv)	Disputed Trade receivables–	-	-	-	-	-	-
	considered good
(v)	Disputed Trade receivables – which have signifcant increase in	-	-	-	-	-	-
	credit risk
vi)	Disputed Trade receivables –	-	-	-	-	22.05	22.05
	credit impaired
(vii)	Expected credit loss rate (in %)	-	-	-	32.84%	85.62%	-
viii)	Expected credit loss	-	-	-	(6.92)	(18.88)	(25.80)
Total		5,333.80	25.83	21.05	14.17	14.55	5,409.40

7.2. Cash and cash equivalents

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As at 31 [st ] As at 31 [st]
Particulars
March 2025 March, 2024
a) Balances with banks
in current accounts 47.47 72.25
in deposit accounts 13,284.86 21,596.80
in margin money deposit accounts 36.69 -
debit balance in cash credit accounts 917.87 1,343.14
b) Cash on hand 10.11 3.52
TOTAL 14,297.00 23,015.71
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The deposits maintained by the company with the banks comprise time deposits, which can be withdrawn without prior notice or penalty on the principal.

7.3. Other bank balances

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As at 31 [st ] As at 31 [st]
Particulars
March 2025 March, 2024
Earmarked balances with banks
Unpaid dividend accounts 35.42 39.67
Margin money deposit accounts 103.38 6.78
TOTAL 138.80 46.45
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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

7.4. Loans (current)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Unsecured, considered good
Staff Loans 18.18 8.76
TOTAL 18.18 8.76
7.5. Other financial assets (current)
As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Interest accrued on deposits and others 168.98 314.05
Power and Sales tax incentive receivable 19.65 19.65
Banked energy 280.04 184.34
Deposits with government 14.00 -
TOTAL 482.67 518.04
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7.5. Other financial assets (current)

8. Current tax assets (net)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Advance tax (net of provision) 14.34 408.96
TOTAL 14.34 408.96
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8.1 Movement of Current tax assets (net)

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As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Opening balance 408.96 -
TDS pertaining to previous year 19.28 -
Advance tax and TDS of current year 361.46 1,878.26
Provision for income tax of current year (347.12) (1,469.30)
Tax refunds received (428.24) -
Closing balance 14.34 408.96
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9. Other current assets

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Prepaid expenses 318.96 324.42
Advances to suppliers 3,513.01 1,460.94
Earnest money deposits 25.52 3.60
Deposits with government - 2.97
TOTAL 3,857.49 1,791.93
----- End of picture text -----*

includes excess amount of Rs. 1.26 lakhs relating to CSR which is carried forward to FY 25-26 (P.Y: 13.35 lakhs) Refer Note 25b.

~~122~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

10. Equity share capital

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
AUTHORIZED
2,00,00,000 equity shares of Rs. 5/- each 1,000.00 1,000.00
(P.Y - 2,00,00,000 equity shares of Rs. 5/- each)
TOTAL 1,000.00 1,000.00
ISSUED, SUBSCRIBED & PAID-UP CAPITAL
1,40,07,500 equity shares of Rs. 5/- each 700.38 700.38
(P.Y - 1,40,07,500 equity shares of Rs. 5/- each)
TOTAL 700.38 700.38
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(A) Movement in equity share capital:

Particulars Number of shares	Particulars Number of shares	Amount
Balance at April 1, 2023	14,007,500	700.38
Movement during the year	-	-
Balance at March 31, 2024	14,007,500	700.38
Movement during the year	-	-
Balance at March 31, 2025	14,007,500	700.38

(B) Details of shareholders holding more than 5% shares in the company

As at 31[st] March, 2025

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Name of the shareholder No. of Shares % holding
Melvillie Finvest Private Limited 4,868,712 34.76
DCL Exim Private Limited 1,230,828 8.79
Lakshmi Manthena 1,692,256 12.08
Fidelity Investment Trust Fidelity Emerging Market’s 730,039 5.21
Discovery Fund
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As at 31[st] March, 2024

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----- Start of picture text -----

Name of the shareholder No. of Shares % holding
----- End of picture text -----

Melvillie Finvest Private Limited	4,868,712	34.76
DCL Exim Private Limited	1,230,828	8.79
Lakshmi Manthena	1,692,256	12.08
Fidelity Investment Trust Fidelity Emerging Market’s	745,139	5.32
DiscoveryFund

(C) Terms/Rights attached to equity shares

The company has only one class of equity shares having a face value of Rs. 5/- each (P.Y Rs. 5/each). Each holder of equity shares is entitled to one vote per share. The company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the

~~123~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the company, the equity shareholders will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(D) Shares alloted as fully paid pursuant to contract without payment being received in cash or as fully paid up bonus shares during the period of five years immediately preceding 31st March, 2025: Nil

(E) (i) Shareholding of promoters at the end of March 31, 2025

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% of total % of change
Name of the promoter No. of shares
shares during the year
Lakshmi Manthena 1,692,256 12.08% -
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----- Start of picture text -----

|||||
|---|---|---|---|
|Parvathi Penmetcha|38,006|0.27%|-|
|Melvillie Finvest Private Limited|4,868,712|34.76%|-|
|Dcl Exim Private Limited|1,230,828|8.79%|-|
|Anirudh Raju Penmetcha|23,406|0.17%|-|
|Aishwarya Penmetcha|21,500|0.15%|-|
|P Varun Raju Kumar|2,000|0.01%|-|
|P V R Raju|1,600|0.01%|-|
|Venugopal Raju Penmetcha|600|0.00%|-|
|Total|7,878,908|56.24%|-|

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(ii) Shareholding of promoters at the end of March 31, 2024

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----- Start of picture text -----

% of total % of change
Name of the promoter No. of shares
shares during the year
Lakshmi Manthena 1,692,256 12.08% 83.19%
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----- Start of picture text -----

|||||
|---|---|---|---|
|Parvathi Penmetcha|38,006|0.27%|-|
|Melvillie Finvest Private Limited|4,868,712|34.76%|-|
|Dcl Exim Private Limited|1,230,828|8.79%|85.73%|
|Anirudh Raju Penmetcha|23,406|0.17%|-|
|Aishwarya Penmetcha|21,500|0.15%|-|
|P Varun Raju Kumar|2,000|0.01%|-|
|P V R Raju|1,600|0.01%|-|
|Venugopal Raju Penmetcha|600|0.00%|-|
|Total|7,878,908|56.24%|168.93%|

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11. Other equity

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|||||
|---|---|---|---|
|As at 31|[st]|As at 31|[st]|
|Particulars|
|March 2025|March, 2024|
|Reserves and surplus|
|Securities premium|1,250.14|1,250.14|
|General reserve|4,639.52|4,639.52|
|Retained earnings|65,653.97|65,307.45|
|TOTAL|71,543.63|71,197.11|

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~~124~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

Retained earnings

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Opening balance 65,307.45 62,155.41
Add: Profit for the year 753.30 3,726.27
Less: Dividend (420.23) (525.28)
Add: Items of other comprehensive income/(loss) recognised
directly in retained earnings
- Remeasurements of defined benefit plans (net of tax) 13.45 (48.95)
Closing balance 65,653.97 65,307.45
----- End of picture text -----

Nature and purpose of other reserves

(i) Securities premium

Securities premium is used to record the premium on issue of shares. The reserve can be utilized in accordance with the provisions of the Companies Act, 2013.

(ii) General reserve

General reserve is used for strengthening the financial position and meeting future contingencies and losses.

(iii) Retained earnings

Retained earnings represents the cumulative profits of the Company and effects of remeasurement of defined benefit obligations. This reserve can be utilized in accordance with the provisions of the Companies Act, 2013.

12.1. Borrowings (Non- current)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
a) Secured loans
Equipment Loans from Banks 125.57 292.99
Term Loans from Banks 53,450.84 37,154.88
b) Unsecured loans
From directors 942.00 850.00
Inter corporate deposits from related parties 150.00 150.00
TOTAL 54,668.41 38,447.87
----- End of picture text -----

i) Secured loans from banks:

The company has availed term loans from Bank of Bahrain & Kuwait (BBK). The loan is repayable in 20 equal quarterly installments starting from Feb 2022. The loans are availed for the purchase of equipments and dumpers.

~~125~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

During the financial year 2022-23, company was sanctioned a term loan of Rs. 73000.00 lacs for setting up of clinker production unit (1.2 million tonnes per annum), Cement Grinding Unit (0.8 million tonnes per annum) and a split grinding unit (1 million tonnes per annum) at different locations, from State Bank of India, IDBI Bank Limited, Canara Bank and IndusInd Bank Ltd. The said term loan is modified to Rs. 67000.00 lacs. On company’s request, the lenders have extended date of completion of project from 31.12.2024 to 31.12.2025. The term loan is repayable in 28 equal quarterly instalments starting from the quarter June’26 and ending March’33 to all the bankers. Out of total loan sanctioned, the company has drawn an amount of Rs. 53450.84 lacs upto 31st March’25.

ii) Security:

The term loans from State Bank of India, IDBI Bank Limited, Canara Bank and IndusInd Bank Limited are secured by paripassu first charge on Property, Plant and Equipment and second charge (pari passu) on the current assets. The term loan from Bank of Bahrain & Kuwait is secured by exclusive charge on equipments and dumpers purchased out of loan proceeds.

iii) Repayment Schedule with rate of interest:

Name of the bank	Rate of interest	2025-26	2026-27
Bank of Bahrain & Kuwait	9.45%	75.16	56.37
Bank of Bahrain & Kuwait	9.45%	92.26	69.20

Name of the bank	Rate of interest From	2026-27 to 2032-33 (each year)
State Bank of India	8.80%		4914.29
IDBI Bank Limited	8.85%		1642.86
Canara Bank	9.00%		1642.86
IndusInd Bank Limited	8.35%		1371.43
Unsecured loans:

The Company has availed unsecured loans from Ms. P. Parvathi, Chairperson and Managing Director and the enterprises in which the key management personnel are interested and interest is paid at monthly floating rate of the bank upto Feb’2025 and @ 7.5% p.a. from March 2025.

13. Provisions (non-current)

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As at 31 [st] As at 31 [st]
Particulars
March, 2025 March, 2024
Employee benefits
Gratuity 339.66 373.89
Leave encashment 157.63 158.50
Others
Mine closure activities 67.62 61.60
TOTAL 564.91 593.99
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The provision for mine closure is made as per the management estimate in accordance with the requirements of the mining agreement. The actual expenses may vary based on the nature and the estimate of closure expenses.

~~126~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

Movement in Other provisions

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Opening balance 61.60 56.12
Add : Interest added during the year 6.02 5.47
Closing balance 67.62 61.59
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14. Deferred tax liabilities (net)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
(i) Deferred tax liabilities on account of:
WDV of assets 5,581.21 5,449.46
(ii) Deferred tax assets on account of:
Expenses allowable on payment basis, investments etc., 178.38 28.51
-
Deferred tax liabilities (net) (i) (ii) 5,402.83 5,420.95
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Movement in deferred tax liabilities (net)

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----- Start of picture text -----

WDV of Expenses allowable on
Particulars Total
assets payment basis and investments
As at 01 [st] April, 2023 5,455.22 168.33 5,286.90
(Charged )/Credited
to Statement of profit and loss (5.76) (123.35) 117.59
to Other comprehensive income - (16.46) 16.46
As at 31 [st] March, 2024 5,449.46 28.51 5,420.96
(Charged )/Credited
to Statement of profit and loss 131.76 154.39 (22.64)
to Other comprehensive income - (4.52) 4.52
As at 31 [st] March, 2025 5,581.21 178.38 5,402.84
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15. Borrowings

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Secured
Repayable on demand
Working capital loans from banks 14,739.80 9,903.42
Unsecured
Repayable on demand
From Banks - 1,356.76
From Others 1,825.97 1,096.85
Credit card payable - 605.81
Current maturities of long term debt
Equipment loans from banks 167.42 167.42
Sales tax deferment loan - 354.37
TOTAL 16,733.19 13,484.63
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~~127~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

The cash credit facilities/working capital loans which are obtained from various banks, are secured by hypothecation of stocks of raw materials, stock in process, finished goods , spares and book debts and second charge on property,plant and equipment and further secured by the personal guarantee of Ms. P. Parvathi, Chairperson and Managing Director.

The company has taken corporate credit card from HDFC Bank Ltd.

The company has availed corporate bill discounting facility from Receivables Exchange of India Ltd for making payments to the suppliers with a credit period of upto 90 days. For the Company’s exposure to the interest rate risk and liquidity risk, refer note no.34 to the standalone financial statements.

15.1. Trade payables

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Dues to micro enterprises and small enterprises (Refer Note 493.09 716.15
below)
Dues to creditors other than micro enterprises and small 3,122.27 3,357.65
enterprises
TOTAL 3,615.36 4,073.80
----- End of picture text -----

Disclosures required under Section 22 of the Micro, Small and Medium Enterprises Development Act, 2006

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
i) Principal amount and the interest due thereon remaining
unpaid to each supplier at the end of each accounting year
Principal amount 493.09 716.15
Interest due - -
ii) Amount of interest paid by the Company under MSMED Act, - -
2006 along with the amounts of the payment made to the
supplier beyond the appointed day during the accounting
year
iii) Amount of interest due and payable for the period of delay - -
in making payment (which has been paid but beyond the
appointed day during the year) but without adding the
interest specified under the MSMED Act, 2006.
iv) Amount of interest accrued and remaining unpaid at the end - -
of accounting year
v) Amount of further interest remaining due and payable even - -
in the succeeding year, until such date when the interest
dues as above are actually paid to the small enterprises,
for the purpose of disallowance of a deductible expenditure
under section 23 of MSMED Act, 2006.
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Dues to micro and small enterprises have been determined to the extent such parties have been identified on the basis of information collected by the management.

~~128~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

Trade payables aging schedule As at March 31[st] ,2025

Particulars	Outstanding for following periods from date of transaction
	Unbilled Less than 1 year 1-2 years 2-3 years More than 3 years Total*
(i) MSME (ii) Others (iii) Disputed Dues - MSME (iv) Disputed Dues - Others	16.85 476.24 - - - 493.09 1,355.641,766.63 - - - 3,122.27 - - - - - - - - - - - -
Total	1,372.49 2,242.87 - - - 3,615.36

There are no amounts outstanding for more than 180 days.

Trade payables aging schedule

As at March 31[st] , 2024

Particulars	Outstanding for following periods from date of transaction
	Unbilled Less than 1 year 1-2 years 2-3 years More than 3 years Total*
(i) MSME (ii) Others (iii) Disputed Dues - MSME (iv) Disputed Dues - Others	7.65 708.50 - - - 716.15 223.23 3,124.42 - - - 3,347.65 - - - - 10.00 10.00 - - - - - -
Total	230.88 3,832.92 - - 10.00 4,073.80

There are no amounts outstanding for more than 180 days.

15.2. Other financial liabilities (current)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Unpaid dividend 35.42 39.67
Interest accrued but not due on borrowings 211.31 183.39
Employee benefits payable 106.83 276.92
Expenses payable 164.75 298.89
Other recoveries payable 11.96 15.53
Security deposits from transporters and suppliers 818.83 756.26
Capital creditors 2,401.85 207.73
Security deposits from stockists and dealers 4,644.15 5,275.67
TOTAL 8,395.10 7,054.06
----- End of picture text -----*

Includes dues to micro and small enterprises of Rs. 33.25 lakhs (P.Y: 8.55 lakhs) and outstanding for less than 45 days.

~~129~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

16. Other current liabilities

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Advances from customers 237.80 906.87
Earnest money deposits 3.40 6.26
Statutory liabilities 476.21 821.98
Forest transit fee payable - 1,632.75
TOTAL 717.41 3,367.86
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17. Provisions (current)

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----- Start of picture text -----

As at 31 [st] As at 31 [st]
Particulars
March 2025 March, 2024
Employee benefits
Gratuity 128.79 131.80
Leave encashment 57.14 53.67
TOTAL 185.93 185.47
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18. Revenue from operations

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Sale of products
(a) Cement 51,964.02 79,651.59
(b) Tile adhesives 57.04 -
(c) Power
(Net of charges for wheeling and banking)
Wind 46.21 58.63
Hydel 529.24 133.83
Other operating revenues
Scrap sales 101.21 98.45
TOTAL 52,697.72 79,942.50
----- End of picture text -----*

includes unbilled revenue

19. Other income

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Interest income on bank deposits and others at amortised cost 1,060.72 1,395.13
Dividend income 0.55 0.29
Profit on sale of property, plant and equipment 312.36 -
Liabilities no longer required written back 221.19 66.41
Miscellaneous income 19.08 28.92
Rental income 2.57 2.54
Amortisation of revenue grant - 23.63
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~~130~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

==> picture [418 x 77] intentionally omitted <==

----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Net gain on fair value changes of investment designated at - 2.91
FVTPL
Net gain on sale of investment property - 80.08
Gain on derecognition of lease liabilities 3.44 -
TOTAL 1,619.91 1,599.91
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20. Cost of materials consumed

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st ]
Particulars
March 2025 March, 2024
Raw materials consumed:
Lime stone 1,871.43 2,248.00
Iron ore 674.51 1,254.79
Gypsum 1,554.55 1,949.97
Fly ash 2,772.79 3,820.51
Laterite 301.18 242.67
Sub Total 7,174.46 9,515.94
Less : Internal Consumption 219.32 437.24
TOTAL 6,955.14 9,078.70
----- End of picture text -----

21. Changes in inventories of finished goods, work-in-progress and stock-in-trade

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st ]
Particulars
March 2025 March, 2024
Opening inventories
Finished goods 448.24 313.48
Work-in-progress 1,852.79 1,954.29
Stock-in-trade 0.00 0.00
(A) 2,301.03 2,267.77
Closing inventories
Finished goods 407.48 448.24
Work-in-progress 2,084.17 1,852.79
Stock-in-trade 9.73 0.00
(B) 2,501.38 2,301.03
TOTAL (A-B) (200.35) (33.26)
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22. Employee benefits expense

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Salaries, wages and bonus 2,623.87 2,792.95
Contribution to provident and other funds 317.68 366.36
Staff welfare expenses 126.41 132.97
TOTAL 3,067.96 3,292.28
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~~131~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

23. Finance costs

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Interest on borrowings 1,160.64 1,082.53
Interest on lease liabilities 6.04 5.79
Other borrowing costs 102.47 143.58
Interest cost on mine closure 6.02 5.47
TOTAL 1,275.17 1,237.37
----- End of picture text -----

24. Depreciation and amortization expense

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Depreciation of property, plant and equipment 2,644.55 2,607.65
Depreciation on investment property - 1.20
Amortisation of intangible assets 132.49 132.49
Amortisation of right-of-use assets 30.67 22.12
TOTAL 2,807.71 2,763.46
----- End of picture text -----

25. Other expenses

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----- Start of picture text -----

Year ended 31 [st ] Year ended 31 [st ]
Particulars
March 2025 March, 2024
Consumption of stores and spares 2,490.28 3,876.67
Consumption of packing materials 2,189.80 3,010.57
Labour charges 576.26 729.49
Operating and maintenance charges 504.70 609.36
Repairs and maintenance
Buildings 86.99 178.00
Plant and equipment 201.22 300.12
Others 372.19 822.18
Travelling and conveyance 101.14 150.38
Printing and stationery 13.25 16.86
Communication expenses 23.80 26.20
Legal and professional charges 168.12 289.20
Bank charges 7.99 16.51
Insurance 142.59 128.46
Auditor’s remuneration (Refer note 25a) 18.50 13.64
Rent 1.00 8.91
Rates and taxes 101.13 92.05
Donations - 1.00
Security service charges 152.81 192.07
Corporate social responsibility expenses (Refer note 25b) 159.08 226.80
Sales promotion and other selling expenses 477.27 556.50
Net loss on fair value changes of investment designated at 1.19 -
FVTPL
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~~132~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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----- Start of picture text -----

Year ended 31 [st ] Year ended 31 [st ]
Particulars
March 2025 March, 2024
Provision for bad and doubtful debts 8.75 (6.18)
Net loss on sale of property, plant and equipment - 168.17
Environmental protection expenses 213.87 427.86
Miscellaneous expenses 93.85 138.28
TOTAL 8,105.78 11,973.10
----- End of picture text -----

25 a. Payments to auditor

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
(a) To Statutory auditors
Statutory audit fees 11.50 8.50
Quarterly review fees 4.95 3.60
(b) To others
Cost audit fees 2.00 1.50
Reimbursement of expenses 0.05 0.04
TOTAL 18.50 13.64
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25 b. Corporate social responsibility expenses

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----- Start of picture text -----

Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Gross amount required to be spent by the company during the 159.08 226.80
year
Excess considered as brought forward from previous year 13.34 27.93
Net amount required to be spent by the company during the 145.75 198.87
year
Amount spent during the year on:
1. Construction/ acquisition of any asset - -
2. On purposes other than (1) above 160.34 240.14
Excess considered for carry forward to subsequent year^ 1.26 13.34
CSR Expenditure for the year 159.08 226.80
Total of previous years’ shortfall - -
Reason for shortfall NA NA
Nature of CSR activities under Sec 135 read with Schedule VII Promoting Promoting
of Companies Act, 2013 Healthcare (i), Healthcare (i),
Promotion of Promotion of
Education(ii), Education(ii),
Promoting rural Rural
sports (vii), Rural Development (x)
Development (x)
Details of related party transactions in relation to CSR NA NA
expenditure
----- End of picture text -----

^ Amount excess spent will be utilized for set-off against CSR Obligation for FY 2025-26 and has been disclosed under Prepaid expenses in Note 9.

~~133~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

26. Exceptional items

During the previous year 2023-24, the Company was paying 1/3 rd (Rs.3.33) per tonne of Limestone produced from the mines, and remaining 2/3 rd (Rs.6.67) per tonne was disclosed as contingent liability in the Notes to Accounts as per the interim order passed in view of the writ petition filed before the Hon’ble High Court. On 25-04-2024, the Hon’ble High Court passed their final order dismissing the batch of writ petitions filed by different parties, including WP No. 26340 of 2010 filed by the Company, challenging the validity of the GOMs No.35 dated 06-02-2010. Accordingly, the provision for the same is made in books of accounts during FY 2023-24.

27. Reconciliation of tax expenses and the accounting profit multiplied by tax rate

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Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Profit before income tax expense 1,075.54 5,347.45
Enacted tax rate in India 25.168% 25.168%
Computed tax expense 270.69 1,345.85
Effect of non-deductible expense 756.19 825.25
Effect of allowances for tax purpose (679.76) (700.43)
Effect of deferred tax (22.64) 150.51
Effect of earlier year’s tax (2.25) -
Tax expense 322.23 1,621.18
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28. Ind AS 115 – Revenue from Contracts with Customers

(A) Reconciliation of revenue as per contract price and as recognised in statement of profit and loss:

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Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Revenue from contract with customer as per contract price 64,041.07 1,00,634.53
Less: Discounts and Incentives 11,418.20 20,764.86
Less: Sales Returns/Credits/Reversals 26.36 25.62
Revenue from contract with customer as per statement 52,596.51 79,844.05
of profit and loss
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The amounts receivable from customers become due after expiry of credit period which on an average is 30 to 120 days. There is no significant financing component in any transaction with the customers. The Company does not provide performance warranty for products, therefore there is no liability towards performance.

The Company does not have any material performance obligations which are outstanding as at the year end as the contracts entered for sale of goods are for short term in nature.

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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(B) Contract balances

The following table provides information about the receivables, contract assets and contract liabilities from contracts with customers:

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Year ended 31 [st] Year ended 31 [st]
Particulars
March 2025 March, 2024
Trade receivables 5,772.45 5,409.40
Contract liabilities 237.80 906.87
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Trade receivables are the amounts receivable by the Company from the Revenues from Contracts with customers and other revenues.

The contract liabilities primarily relate to the advance consideration received from customers.

March 2025 29. Notes forming part of the standalone financial statements for the year ended 31[st]

(i) Leave obligations

The leave obligation covers the company’s liability for earned leave which is unfunded.

(ii) Defined contribution plans

The company has defined contribution plans namely provident fund. Contributions are made to provident fund at the rate of 12% of basic salary plus DA as per regulations. The contributions are made to registered provident fund administered by the Government. The obligation of the Company is limited to the amount contributed and it has no further contractual nor any constructive obligation. The expense recognised during the year towards defined contributions plan is as follows:

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Particulars 31 [st] March 2025 31 [st] March 2024
Company’s contribution to provident fund 161.27 150.37
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(iii) Post- employment obligations

a) Gratuity

The company provides for gratuity for employees as per the Payment of Gratuity Act, 1972. The amount of gratuity payable on retirement/termination is the employees last drawn basic salary plus Dearness allowance per month computed proportionately for 15 days salary multiplied with the number of years of service. The company operates post retirement gratuity plan with LIC of India. The present value of obligation is determined based on actuarial valuation using the Projected Unit Credit Method, which recognises each period of service giving rise to additional unit of employee benefit entitlement and measures each unit separately to build up the final obligation.

The following table sets out the amounts recognised in the standalone financial statements in respect of gratuity plan

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Year ended Year ended
Particulars
March 31 [st] , 2025 March 31 [st] , 2024
Change in defined benefit obligations:
Obligation at the beginning of the year 665.53 556.28
Current service costs 54.69 51.03
Interest costs 45.89 39.92
Remeasurement (gains)/losses (16.29) 64.79
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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Year ended Year ended
Particulars
March 31 [st] , 2025 March 31 [st] , 2024
Benefits paid (58.25) (46.49)
Obligation at the end of the year 691.57 665.53
Change in plan assets:
Fair value of plan assets at the beginning of the year 159.86 67.36
Interest income 12.92 7.86
Remeasurement (gains)/losses 1.69 (0.62)
Employer’s contributions 106.93 131.75
Benefits paid (58.25) (46.49)
Fair value of plan assets at the end of the year 223.15 159.86
Expenses recognised in the statement of profit and loss consists of:
Employee benefits expense:
Current service costs 54.69 51.03
Net interest expenses 32.97 32.06
Benefits paid 59.09 121.37
146.75 204.46
Other comprehensive income:
(Gain)/loss on plan assets (1.69) 0.62
Actuarial (gain)/loss arising from changes in financial 17.36 120.07
assumptions
Actuarial (gain)/loss arising from changes in
(33.65) (55.28)
experience adjustments
(17.98) 65.41
Expenses recognised in the statement of profit 128.77 269.87
and loss
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Amounts recognised in the balance sheet consist of

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Particulars As at March As at March 31 [st] ,
31 [st] , 2025 2024
Fair value of plan assets at the end of the year 223.15 159.86
Present value of obligation at the end of the year 691.57 665.53
Recognised as
Retirement benefit liability - Non-current 339.66 373.89
Retirement benefit liability - Current 128.79 131.80
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Fair value of plan assets --- 100% with LIC of India

Expected contribution to post-employment benefit plan of gratuity for the year ending 31 March 2026 is Rs. 96 Lakhs.

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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

iv) Significant estimates and sensitivity Analysis

The sensitivity of the defined benefit obligation to changes in key assumptions is:

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Defined benefit obligation
Key assumptions Increase in assumption Decrease in
by assumption by
Particulars
31 [st] 31 [st] 31 [st] 31 [st] 31 [st] 31 [st]
March March Rate March March Rate March March
2025 2024 2025 2024 2025 2024
Discount rate 6.79% 7.21% 1% 651.70 628.19 1% 736.89 707.86
Salary growth 7.00% 7.00% 1% 739.87 711.50 1% 647.89 624.18
rate
Mortality rate 100.00% 100.00% 10% 691.59 665.55 10% 691.62 665.54
Attrition rate 3.00% 3.00% 1% 690.22 665.34 1% 693.07 665.75
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The above sensitivity analysis is based on a change in each assumption while holding all other assumptions constant. In practice, this is unlikely to occur and changes in some of the assumptions may be correlated. When calculating the sensitivity of the defined benefit obligation to significant actuarial assumptions, the same method (present value of the defined benefit obligation calculated with the projected unit credit method at the end of the reporting period) has been applied as when calculating the defined benefit liability recognised in the balance sheet.

v) Risk exposure

Through its defined benefit plans, the company is exposed to a number of risks, the most significant of which are detailed below:

Interest rate risk:

The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase.

Salary inflation risk:

Higher than expected increases in salary will increase the defined benefit obligation.

Demographic risk:

This is the risk of variability of results due to unsystematic nature of decrements that include mortality, withdrawal, disability and retirement. The effect of these decrements on the defined benefit obligation is not straight forward and depends upon the combination of salary increase, discount rate and vesting criteria. It is important not to overstate withdrawals because in the financial analysis the retirement benefit of a short career employee typically costs less per year as compared to a long service employee.

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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

30. Contingent Liabilities

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S. As at 31 [st] As at 31 [st]
Particulars
No March 2025 March 2024
i. Sales tax matters:
Sales tax demand for the deemed excess production based on
the Energy audit for the years 1999-2000 & 2000-01. Stay has 85.68 85.68
been granted by the High court of Telangana in SPLA 1/2007
and SPLA 2/2007, matters are pending for hearing.
ii. Water Usage Rate:
The A.P. Government has issued a G.O. Ms.No 39, levying
water cess on the quantum of water used in the generation
of power and demanded payment of Rs.723.29 Lakhs for the
period 1997 to February 2008. Company has filed Writ Petition
2816/2003 before the Hon’ble Andhra Pradesh, and the matter
is pending.Further, the Irrigation & CAD Department, Govt. of AP
vide their letter dated 15.06.2017 to the Company have stated
that total demand upto February 2017 was Rs.15,92,21,667/-
calculated as per the GOMs.No 39, out of which Rs.63,91,508/-
had been paid as per the old calculations, and Balance was
shown as Rs.15,28,30,159/-. Ministry of Power, Government
of lndia, vide File No. 15127 12023-Hydel-ll (MoP), Dated 25th
April 2023 addressed to The Chief Secretaries - All the State
2,162.01 2,051.79
Governments & UTs, in connection with imposition of Water Tax /
Cess by various State Government on HEPs, stated that “Hydro
Power Projects do not consume water to produce electricity.
Electricity is generated by directing the flow of water through
a turbine which generates electricity- on the same principle as
electricity from wind projects where wind is utilized to turn the
turbine to produce electricity. Therefore, there is no rationale
for levy of “water cess” or “air cess”. The levy of water cess is
against the provisions of the Constitution Entry-17 of List-ll, does
not authorize the State to levy any tax or duty on water. ln light
of the above constitutional provisions no taxes / duties may be
levied by any State under any guise on generation of electricity
and if any taxes / duties have been so levied, it may be promptly
withdrawn.”
iii. Electricity Duty:
Duty on electricity generated and consumed was levied by the
AP Govt at 25 paise per unit from 17-07-2003 to 23-5-2013. As
per the directions of Hon’ble Supreme Court, subject to outcome 230.00 230.00
of the SLP 18363/2016 (WP 6340/2004) , the company has paid
15 paisa per unit generated and consumed out of total duty
of 25 paisa per unit. (22,97,61,497 Units x 10 paisa per unit =
Rs.2,29,76,150)
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

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S. As at 31 [st] As at 31 [st]
Particulars
No March 2025 March 2024
vi Entry Tax:
Levy of entry tax on the purchase of certain goods from FY
2012-13 to FY 2016-17. Appeals are pending before Appellate 18.38 18.38
Tribunal. 50% of the disputed amount has been paid before filing
the appeals.
v VoltageSurcharge Matter:
Difference in the voltage surcharge charged by AP Transco for
the period from Jan 1999 to Mar 2000 for which the company
has filed WP 25326/1999, WP 595/2000, WP 2635/2000 , WP
6802/2000 before the Hon’ble Telangana High Court, wherein
the Hon’ble single judge bench passed the order favouring
to APTRANSCO. Accordingly, the Company has paid entire Nil Nil
demand of Rs.109.94 Lakhs and filed Writ Appeals. After hearing
the Writ Appeals the division bench of Hon’ble Telangana High
Court has set aside the order of single judge and remanded
the matter for fresh adjudication. Accordingly, the Writ Petitions
are active and pending for hearing. As the entire demand of
Rs.109.94 lakhs has already been paid under protest, there is
no contingent liability.
vi Wheeling Charges:
(A) Consequent to the judgement passed by the Hon’ble
Supreme court, the Company had made a provision of
Rs.962.41 Lakhs towards Wheeling Charges during the
financial year 2019–2020. The Company has reversed
excess provision of Rs.124.12 Lakhs during FY 2024-25.
(B) The company has received demand notice from TSSPDCL
for Rs.2,336.05 Lakhs (including interest of Rs.1,725.76
Lakhs). The Company has filed Writ Petition 31170/2021
challenging the levy of interest. The Hon’ble High Court of
Telangana put a stay on the interest portion of Rs.1,725.76
Lakhs till further order, whereas, as per the directions of 1,725.76 1,725.76
the Hon’ble High Court of Telangana, the Company has (Disputed (Disputed
paid the entire differential Wheeling Charges of Rs.726.64 Interest Interest
Lakhs to TSSPDCL. Amount) Amount)
(C) The Company had received demand of Rs.101.62 Lakhs
from APCPDCL for differential Wheeling Charges for the
period 2014- 15 to 2018-19. However, on the representation
by the Company, APCPDCL has revised the demand
to Rs.22.04 Lakhs, subject to verification/reconciliation.
Accordingly, the Company has paid Rs.22.04 Lakhs to
APCPDCL on 18.09.2020.
(D) The Company had received demand of Rs.10.03 Lakhs
from APSPDCL for the differential Wheeling Charges for
FY 2015-16. The Company has paid the said amount on
11.11.2022.
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

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S. As at 31 [st] As at 31 [st]
Particulars
No March 2025 March 2024
Transmission Charges:
(E) APTRANSCO has issued an Invoice for Rs.138.19
Lakhs towards Transmission Charges from 2004-14. The
Company made a provision for the said amount in FY 2020-
21. However, the Company raised a dispute on method of
calculation of Transmission Charges. In this connection, an
application (OP 33/2022) was filed by APTRANSCO before
the Hon’ble APERC to decide on method of calculation
of Transmission Charges. Pending the matter before
the APERC, M/s. Sudha Agro Oils & Chemicals Ltd. has
filed a Writ Petition before the Hon’ble High Court of AP
questioning the action of the APTRANSCO. Therefore, on
29.11.2023, the APERC closed the matter in OP 33 of 2022
stating that as the issues raised in this OP are the subject
matter of the Writ Petition before the Hon’ble High Court
and also the fact that the petitioners are seeking to revise
the demands, it is not appropriate to decide this OP, on
merits, at this stage. Accordingly, the OP is closed.
(F) As per APTRANCO Letter Lr.No./CGM/Comml/GM/Comml/
DGM-Comm/ DEE-OA/F- Wheeling Gen /D.No. 270/23, dt:
12.07.2023, on 4th August 2023 we have paid an amount
of Rs.53,02,224/- to APTRANSCO towards Undisputed
Transmission charges on delivered energy during FY 2004-
05 to FY 2013-14: Rs.24,63,324/-, and 25% on the Balance
Total Demand of Rs.1,38,18,924/- towards Transmission
charges pertaining to the period FY 2004-05 to FY 2013-14
calculated on installed capacity [25% on (Rs.1,38,18,924 –
Rs.24,63,324) = Rs.28,38,900/-]
vii. Wheel Loader Matter:
The Joint Commissioner, Office of the Commissioner of
Customs, Chennai-II (Imports) in their adjudication order F.No.
ADJ/ADC/677/2022-GR 5 DATE:09-03-2023, have confirmed
the demand of differential duty amounting to Rs.14,35,420/-
, confirmed the accrued interest of Rs.2,76,659/-, imposed
redemption fine of Rs.5,00,000/- in terms of provisions of
125(1) of the Customs Act, 1962, and imposed a penalty of 24.12 24.12
Rs.17,12,079/- under section 114A of the Customs Act, 1962,
and imposed a penalty of Rs.2,00,000/- in terms of 114AA of
the Customs Act, 1962, and appropriated of the amount of
Rs.17,12,079/- paid vide TR-6 Challan No. MCM 1001810 dated
10.01.2022 deposited by the Company towards differential
duty and interest. The Company has filed appeal before the
-
Commissioner of Customs (Appeals II).
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

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S. As at 31 [st] As at 31 [st]
Particulars
No March 2025 March 2024
viii. Income tax:
The Company has received re-assessment order for AY 2015-
16 by making an addition of Rs. 3,97,68,148/- to Income, and
issued demand notice for Rs.2,75,08,974/-. The Company has
filed an appeal before the National Faceless Appeal Centre,
New Delhi against the order passed by the assessing officer. In this connection, the Company has filed a stay application before 248.09 quantifiableNot
the Principal Commissioner of IT for collection of taxes. The said
authority has passed order statig that “Subject to payment of
Rs.27 Lakhs in two instalments (February and March 2025) and
the balance amount is stayed till 31st October 2025”. Accordingly,
the Company has paid Rs.27 Lakhs.
ix. GST Matters:
(A) The Joint Commissioner (GST Commissionerate,
Hyderabad) has issued a demand Notice for an amount 28.77 -
of Rs.28.77 Lakhs for non-payment to creditors within 180
Days and delay in filing GST Returns. The Company is in
process of fling an appeal before the appellate authority.
(B) The Company has participated in Tender process for E
Auction of Mining lease for Lime Stone Block at Rata Mandha-
1A (RM-1A), Tehsil Shri Mohangarh District, Jaisalmer in the
State of Rajasthan conducted by Department of Mines &
Petroleum, Government of Raj asthan, Directorate of Mines
& Geology, Udaipur, and the Company has been declared
as the Preferred Bidder. As per the Tender Process, upon
declaration of Preferred Bidder, the Company had total
amount of Upfront Payment of Rs.2,145.14 Lakhs. The
Company had filed an application before the Rajasthan 386.12 -
ARR seeking Advance Ruling on certain matters, including
the query, whether GST is payable on Upfront Payment
of instalments. The ARR pronounced that GST is payable
on upfront payment. Against the said order, the Company
had filed appeal before the Appellate Authority for ARR.
The appellate authority has rejected the appeal filed by
the Company. The Company has filed Writ Petition before
the Hon’ble High Court of Rajasthan at Jaipur. GST on Rs.
2,145.14 Lakhs come to Rs. 386.12 Lakhs.
(C) Suppliers had wrongly reported B2B supply in Form
GSTR 01 as B2C supply, for the tax period 2017-18. The
adjudicating authority passed the order demanding a 15.05 -
total amount of Rs.15.97 Lakhs. The Company has pre-
deposited Rs.0.92 Lakhs and filed an Appeal before the
Appellate Additional Commissioner (ST) at Vijaywada.
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

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S. As at 31 [st] As at 31 [st]
Particulars
No March 2025 March 2024
x. Mineral Bearing Land Infrastructure Cess:
The Company had filed the WP before the Hon’ble High Court
of Telangna and got the Stay order on collection of cess under
the provisions of the Andhra Pradesh Mineral Bearing Lands 381.20 381.20
Infrastructure Cess Act 2005 over the Limestone Mineral used
by the Company. The Writ Petition is pending before the Hon’ble
High Court.
xi. Steam Coal Case:
The Company had imported 25,000 MTs of coal from different
suppliers and cleared the same classifying under CTH 2701
1920 claiming the same as “Steam Coal”. The Company
claimed the benefit of exemption Notification No. 12/2012-Cus.
Dated 17.03.2012 (SI. No. 123 as amended). On the ground
that the calorific value of coal imported by the Company was
greater than 5833 kcal/kg and its volatile matter exceeded 14%,
the Commissioner of Customs, Central Excise and Service
Tax, Guntur, the Adjudicating Authority passed the order that
the coal imported by the Company was correctly classifiable
as Bituminous coal under CTH 2701 12 00. Therefore, the
Company was liable to duty as provided for SI. No. 124 in the
notification ibid. Initially, the Company had paid Rs.1.00 crore on
12.11.2012. Again, before the adjudication order was passed,
the Company had paid entire differential duty of Rs.1,42,42,498 155.27 155.27
along with interest to the Commissioner of Customs, Guntur.
However, the Commissioner of Customs in OIO No. 38/2013-
Customs dated 28.11.2013, passed the order that the Company
required to pay an amount of Rs. 1,42,42,498/- as differential
duty and imposed a penalty of Rs. 1,55,27,200/-. Against the said
adjudication order passed by the Commissioner,the Company
had filed Appeal No. C/20762/2014-DB, and Stay Application
No. C/Stay/2084/2014 before the CESTAT, Bangalore CESTAT,
Bangalore on 03.07.2014 passed the final order in 21062/2014
wherein they upheld the decision of the Adjudicating Authority as
far as demand for customs duty and interest thereon. Whereas,
they set aside the penalty and redemption of fine. Department
has filed the appeal (CEA-85/2015) before the High Court of AP
to set aside the CESTAT’s Final Order No 21062/2014 dt. 03-
07-2014 to the extent of dropping the penalty and redemption of
fne against the Company, which amounts to Rs.1,55,27,200/-.
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~~142~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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S. As at 31 [st] As at 31 [st]
Particulars
No March 2025 March 2024
xii. District Mineral Foundation Fund:
The Industries Dept. and Mines & Geology Dept. vide their
letter No 1046/P/2015SF dated 29.01.2016 had demanded
M/s Singareni Collieries Company Limited for the Contribution
towards District Mineral Foundation in respect of mining of coal
retrospectively from 12.01.2015. Consequently, M/s Singareni
Collieries Company Limited, with whom the Company has entered 391.50 391.50
into Fuel Supply Agreements, through their price Notification No.
66/201516, dated 09.02.2016 has raised a demand of Rs.391.50
Lakhs towards District Mineral Foundation Contribution at 30%
of the Royalty charged for the supply of coal from 12.01.2015 to
09.02.2016. The said demand was challenged by the Company
in the High Court of Andhra Pradesh and Telangana. The Hon’ble
High Court stayed the demand.
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31. Commitments

Capital and Other commitments

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Particulars 31 [st] March 2025 31 [st] March 2024
Estimated amount of contracts remaining to be executed on 7,172.39 33,104.47
capital account not provided for (net of advances)
Other commitments
- As per action plan of MoEF - 15.00
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32. Related party transactions

Names of related parties and nature of relationship

Names of the related parties Nature of relationship i) Key Management Personnel (KMP): Ms. P.Parvathi Chairperson & Managing Director Mr. S.Venkateswarlu Whole Time Director Mr. D.Raghava Chary Chief Financial Officer Mr. Bikram Keshari Prusty Company Secretary Mrs.Mahpara Ali Independent Director Mr.P.Srinivasa Rao Independent Director (From 01[st] April 2024) Mr. Rabindra Srikanthan Independent Director (From 01[st] April 2024) Mr. Srivari Chandrasekhar Independent Director (From 28[th] May 2024) Mr.K.P.Singh Independent Director(Upto 11[th] July 2024) ii) Enterprises in which KMP and/or their close members have significant influence/control: Melvillie Finvest Private Limited DCL Exim Private Limited iii) Close members of related party: Ms. M.Lakshmi Mother of Ms. P.Parvathi Mr. P.Anirudh Raju Son of Ms. P.Parvathi Ms. P.Aishwarya Daughter of Ms. P.Parvathi Mr. P V R Raju Spouse of Ms. P.Parvathi iv) Wholly owned subsidiary Deccan Swarna Cements Private Limited (w.e.f 13-03-2024)

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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

Details of transactions during the year where related parties:

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Year ended 31 [st] Year ended 31 [st]
Names of the related parties Nature of Transactions
March 2025 March 2024
Key Management Personnel Short-term employee benefits 334.00 506.97
Key Management Personnel Post employment benefits - 82.31
Melvillie Finvest Private Limited Dividend 146.06 182.58
Satyasai Investments and Leasing Dividend - 39.57
Ltd.
Ms. P.Parvathi Dividend 1.14 1.43
Ms. M Lakshmi Dividend 50.77 63.46
Mr. P.Anirudh Raju Dividend 0.70 0.88
DCL Exim Private Limited Dividend 36.92 6.59
Ms. P.Aishwarya Dividend 0.65 0.81
Mr. P V R Raju Dividend 0.05 0.06
Mr.Umesh Shrivastava Dividend - 0.27
Dr.S.A.Dave Dividend - 0.06
Mr. P.Anirudh Raju Salary 28.07 25.51
Ms. P.Parvathi Interest on unsecured loan@ 76.53 75.00
Receipt of unsecured loan 92.00 -
DCL Exim Private Limited Interest on unsecured loan@ 13.47 11.14
Receipt of unsecured loan - 150.00
Deccan Swarna Cements Limited Investment made - 1.00
Interest income on loan given 0.01
Loan given 1.00 -
Ms. M Lakshmi Rent paid 24.00 22.55
Mr. D.Raghava Chary Staff Advance 2.00 -
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Post employment benefits are actuarially determined on overall basis and hence not seperately provided.

@ Interest is paid at monthly floating rate of the bank upto Feb’2025 and @ 7.5% p.a. from March 2025.

Details of outstanding balances as at the year end where related party relationship existed:

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Year ended 31 [st] Year ended 31 [st]
Names of the related parties Nature
March 2025 March 2024
Key Management Personnel Short-term employee benefits - 163.96
payable
Unsecured loan 942.00 850.00
Wholly owned subsidiary Loan given 1.00 -
Interest receivable 0.01 -
DCL Exim Private Limited Unsecured loan *** 150.00 150.00
Mr. D.Raghava Chary Staff Advance 1.39 -
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** Short-term employee benefits to be settled in cash with no credit period.

*** The amount of outstanding balances as shown above are unsecured and will be settled/recovered in cash

~~144~~

Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

33 Earnings per equity share (EPS)

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Particulars 31 [st] March 2025 31 [st] March 2024
Profit for the year (Rs. in lakhs) 753.30 3726.27
Number of equity shares (in number) 1,40,07,500 1,40,07,500
Weighted average number of equity shares in calculating basic 1,40,07,500 1,40,07,500
and diluted EPS
Face value per share (Rs.) 5.00 5.00
Basic and diluted earnings per share (EPS) (Rs.) 5.38 26.60
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34. Financial instruments and risk management

Fair values

The carrying amounts of trade payables, other financial liabilities (current), borrowings (current), lease liabilities, trade receivables, cash and cash equivalents, other bank balances, other financial assets and loans are considered to be the same as fair value due to their short term nature.

The fair value of financial assets and liabilities is included at the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.

Set out below, is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments, other than those with carrying amounts that are reasonable approximation of fair values:

(i) Categories of financial instruments

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31 [st] March 2025 31 [st] March 2024
Particulars Level Carrying Fair Carrying Fair
amount value amount value
Financial assets
Measured at amortised
cost:
Non-current
Investments 3 1.10 1.10 0.10 0.10
Other financial assets 3 3,611.59 3,611.59 2,605.76 2,605.76
Loans 3 1.00 1.00 0.00 (1.00)
Current
Trade receivables 3 5,772.45 5,772.45 5,409.40 5,409.40
Cash and cash equivalents 3 14,297.00 14,297.00 23,015.71 23,015.71
Other bank balances 3 138.80 138.80 46.45 46.45
Loans 3 18.18 18.18 8.76 8.76
Other financial assets 3 482.67 482.67 518.04 518.04
Measured at fair value
through profit and loss
Non-current
Investments 1 15.83 15.83 17.02 17.02
Total 24,338.62 24,338.62 31,621.24 31,620.24
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Annual Report 2024-25

NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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31 [st] March 2025 31 [st] March 2024
Particulars Level Carrying Fair Carrying Fair
amount value amount value
Financial liabilities
Measured at amortised
cost
Non-current
Borrowings 3 54,668.41 54,668.41 38,447.87 38,447.87
Lease liabilities 3 2.52 2.52 46.43 46.43
Current
Borrowings 3 16,733.19 16,733.19 13,484.63 13,484.63
Trade payables 3 3,615.36 3,615.36 4,073.804 4,073.804
Lease liabilities 3 10.69 10.69 31.68 31.68
Other fnancial liabilities 3 8,395.10 8,395.10 7,054.06 7,054.06
Total 83,425.27 83,425.27 63,138.48 63,138.48
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*Fair value of instruments is classified in various fair value hierarchies based on the following three levels:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.
Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques, which maximise the use of observable market data and rely as little as possible on entity specific estimates. If significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.

Level 3: If one or more of the significant inputs are not based on observable market data, the instruments are included in Level 3. Management uses its best judgement in estimating the fair value of its financial instruments. However, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented above are not necessarily indicative of the amounts that the Company could have realized or paid in sale transactions as of respective dates. As such, the fair value of financial instruments subsequent to the reporting dates may be different from the amounts reported at each reporting date.

The Company is exposed to market risk (fluctuation in foreign currency exchange rates, price and interest rate), liquidity risk and credit risk, which may adversely impact the fair value of its financial instruments. The Company assesses the unpredictability of the financial environment and seeks to mitigate potential adverse effects on the financial performance of the Company.

(A) Market risk

Market risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices. Market risk comprises of currency risk, interest rate risk and price risk. Financial instruments affected by market risk include loans and borrowings, trade receivables and trade payables involving foreign currency exposure. The sensitivity analyses in the following sections relate to the position as at March 31, 2025 and March 31, 2024. The analysis excludes the impact of movements in market variables on the carrying values of financial assets and liabilties. The sensitivity of the relevant profit or loss item is the effect of the

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

assumed changes in respective market risks. This is based on the financial assets and financial liabilities held at 31 March 2025 and 31 March 2024.

(i) Foreign currency exchange rate risk

Foreign currency risk is the risk that the fair value or future cash flows of an exposure will fluctuate because of changes in foreign exchange rates. The Company’s exposure to the risk of changes in foreign exchange rates relates primarily to the capital advances. The risks primarily relate to fluctuations in Euros against the functional currencies of the Company. The Company’s exposure to foreign currency changes for all other currencies is not material. The Company evaluates the impact of foreign exchange rate fluctuations by assessing its exposure to exchange rate risks.

The following tables demonstrate the sensitivity to a reasonably possible change in Euros exchange rates, with all other variables held constant. The impact on the Company’s profit before tax is due to changes in the fair value of monetary assets and liabilities.

(ii) Sensitivity

The sensitivity of profit or loss to changes in the exchange rates arises mainly from foreign currency denominated financial instruments and from foreign forward exchange contracts:

Foreign currency exposure (EURO)

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As at March 31 [st] As at March 31 [st]
Particulars
2025 2024
Capital advances 2,737.98 2,645.58
Net exposure to foreign currency risk 2,737.98 2,645.58
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Increase/(decrease) in
Increase/(decrease) in
other components of
Particulars profit before tax equity
31-Mar-25 31-Mar-24 31-Mar-25 31-Mar-24
Change in EURO
1% increase 27.38 26.46 20.49 19.80
1% decrease (27.38) (26.46) (20.49) (19.80)
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The movement in the pre-tax effect is a result of a change in the fair value of monetary assets and liabilities denominated in Euros, where the functional currency of the entity is a currency other than Euros.

(ii) Interest rate risk

Interest rate risk is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of change in market interest rates. The Company’s exposure to the risk of changes in market interest rates relates primarily to the Company’s debt obligations with floating interest rates. As the Company has certain debt obligations with floating interest rates, exposure to the risk of changes in market interest rates are dependent of changes in market interest rates. As the Company has no significant interest bearing assets, the income and operating cash flows are substantially independent of changes in market interest rates.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

The following table demonstrates the sensitivity to a reasonably possible change in interest rates on that portion of loans and borrowings affected. With all other variables held constant, the Company’s profit before tax is affected through the impact on floating rate borrowings, as follows:

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Increase/(decrease) in
Increase/(decrease)
Particulars in profit before tax other components of equity
31 [st] March 31 [st] March 31 [st] March 31 [st] March
2025 2024 2025 2024
Change in interest rate
increase by 100 basis points (106.88) (107.31) (79.98) (80.30)
decrease by 100 basis points 106.88 107.31 79.98 80.30
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The assumed increase/decrease in interest rate for sensitivity analysis is based on the currently observable market environment.

(B) Credit Risk

Credit risk is the risk arising from credit exposure to customers, cash and cash equivalents held with banks and current and non-current held-to financial assets of the Company include trade receivables, employee advances, security deposits held with government authorities and bank deposits which represents Company’s maximum exposure to the credit risk.

With respect to credit exposure from customers, the Company has a procedure in place aiming to minimise collection losses. Credit Control team assesses the credit quality of the customers, their financial position, past experience in payments and other relevant factors. The Company’s exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including default risk associate with the industry and country in which customers operate. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. With respect to other financial assets viz., loans & advances, deposits with government and banks, the credit risk is insignificant since the loans & advances are given to employees only and deposits are held with government bodies and reputable banks. The credit quality of the financial assets is satisfactory, taking into account the allowance for credit losses.

Credit risk on trade receivables and other financial assets is evaluated as follows:

(i) Expected credit loss for trade receivable under simplified approach:

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Particulars 31 [st] March 2025 31 [st] March 2024
Gross carrying amount 5,807.01 5,435.20
Expected credit loss (34.55) (25.80)
Carrying amount of trade receivables 5,772.46 5,409.40
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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(ii) Expec ted credit loss for financial assets where general model is applied

The financial assets which are exposed to credit are loans to employees.

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Particulars 31 [st] March 2025 31 [st] March 2024
Estimated gross Estimated gross
Asset group carrying amount carrying amount
at default at default
Gross carrying amount
Staff Loans 18.18 8.76
18.18 8.76
Expected credit losses - -
Net carrying amount
Staff Loans 18.18 8.76
Total 18.18 8.76
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(ii) Reconciliation of loss allowance provision

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Particulars Trade receivables
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Loss allowance as at 01 April 2023	31.98
Changes in loss allowance during the year	(6.18)
Loss allowance as at 01 April 2024	25.80
Changes in loss allowance duringtheyear	8.75
Loss allowance as at 31 March 2025	34.55

(iii) Significant estimates and judgements

Impairment of financial assets:

The impairment provisions for financial assets disclosed above are based on assumptions about risk of default and expected loss rates. The company uses judgement in making these assumptions and selecting the inputs to the impairment calculation, based on the company’s past history, existing market conditions as well as forward looking estimates at the end of each reporting period.

(C) Liquidity risk

Prudent liquidity risk management implies maintaining sufficient cash and the availability of funding to meet obligations when due and to close out market positions. Company’s treasury maintains flexibility in funding by maintaining availability under deposits in banks.

Management monitors cash and cash equivalents on the basis of expected cash flows.

(i) Financing arrangements:

The company had access to the following undrawn borrowing facilities at the end of the reporting period

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As at
Particulars
31 [st] March 2025 31 [st] March 2024
Expiring within one year (bank overdraft and 6,510.00 6,360.00
other facilities)
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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(ii) Maturities of financial liabilities

Contractual maturities of financial liabilities as at :

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31 [st] March 2025 31 [st] March 2024
Particulars Less than More than Less than More than
12 months 12 months 12 months 12 months
Borrowings 16,733.19 54,668.41 13,484.63 38,447.87
Trade payables 3,615.36 - 4,073.80 -
Lease liabilities 10.69 2.52 31.68 46.43
Other financial liabilities 8,395.10 - 7,054.06 -
Total 28,754.34 54,670.93 24,644.18 38,494.30
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(iii) Management expects finance cost to be incurred for the year ending 31 March 2026 to be Rs. 2802.98 Lakhs.

35. Capital management

A. Capital management and gearing ratio

For the purpose of the Company’s capital management, capital includes issued equity capital, share premium and all other equity reserves attributable to the equity holders. The primary objective of the company’s capital management is to maximise the shareholder value.

The company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants. The company monitors capital using a gearing ratio, which is debt divided by total capital. The company includes within debt, interest bearing loans and borrowings.

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Particulars 31 [st] March 2025 31 [st] March 2024
Borrowings
Current 16,733.19 13,484.63
Non current 54,668.41 38,447.87
Debt 7,1401.60 51,932.50
Equity
Equity share capital 700.38 700.38
Other equity 71,543.63 71,197.11
Total capital 72,244.01 71,897.49
Gearing ratio in % (debt/ equity) 98.83% 72.23%
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In order to achieve this overall objective, the Company’s capital management, amongst other things, aims to ensure that it meets financial covenants attached to the interest-bearing loans and borrowings that define capital structure requirements. Breaches in meeting the financial covenants would permit the bank to immediately call loans and borrowings.

No changes were made in the objectives, policies or processes for managing capital during the years ended 31 March 2025 and 31 March 2024.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

B. Dividends

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Particulars 31 [st] March 2025 31 [st] March 2024
Dividends recognised
For the year ended, the directors have recommended final 84.05 420.23
dividend of INR 0.60/- per fully paid equity share (March
31, 2024 - INR 3.00/-). This proposed dividend is subject to
the approval of shareholders in the ensuing annual general
meeting, hence the same is not recognised.
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36. Segment information:

a) The Company’s Executive Chairman, Managing Director and Chief Financial Officer examine the Company’s performance from a product perspective and have identified two operating segments viz., Cement Division and Power Division. Operations of both the segments are based in India. As per the threshold limits prescribed under Ind AS 108 “Operating Segments”, the management has identified one reportable segment “Cement Division”. Other segment “Power Division” is below the threshold limits prescribed under Ind AS 108. Hence, segment reporting is not given.
b) Information about products:

Revenue from external customers - Sale of Cement : Rs. 52021.06 Lakhs (P.Y: 79651.59 Lakhs)

Revenue from external customers - Sale of Power: Rs. 575.45 Lakhs (P.Y: 192.46 Lakhs)

Revenue from external customers - Sale of Tile adhesives: Rs. 57.04 Lakhs (P.Y: Nil)

c) The Company has not made external sales to a single customer meeting the criteria of 10% or more of the entity’s revenue.

37. Additional Regulatory Information

a. Financial Ratios

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Numerator/ 31-Mar- 31-Mar- Variance
Ratio Reasons for variance
Denominator 25 24 %
Current Assets/
(a) Current Ratio 1.17 1.46 -19.86% -
Current Liabilities
This is on account of
(b) Debt-Equity Total Debt/Total
0.99 0.72 37.50% increase in borrowings for
Ratio equity
the expansion project.
Reduction in sales
Earnings quanity and price resulted
(c) Debt Service available for debt 0.25 0.54 -53.70% in decrease in profits.
Coverage Ratio service/Debt Also there is increase in
Service borrowings for expansion
project
Net Income/
(d) Return on Average 0.01 0.05 -80.00% [Reduction in net income is ]
Equity Ratio Shareholder’s due to decrease in sales
Equity
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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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Numerator/ 31-Mar- 31-Mar- Variance
Ratio Reasons for variance
Denominator 25 24 %
Turnover reduced due to
(e) Inventory Sales/Average
5.23 7.46 -29.89% decrease in sales quantity
turnover Ratio Inventory
and selling price.
(f) Trade Net Credit
Receivables Sales/Average 9.43 19.43 -51.47% [This is on account of ]
decrease in sales.
Turnover Ratio receivables
Net Credit
(g) Trade Payables Purchases/ 12.02 14.06 -14.51% -
Turnover Ratio Average
Payables
This is on account of
(h) Net Capital Net Sales/
10.57 6.10 73.28% decrease in sales and
Turnover Ratio Working Capital
working capital.
(i) Net Profit Ratio Net Profit/Net Sales 0.01 0.05 -80.00% This is on account of decrease in sales and
profts.
(j) Return on
Capital EBIT/Capital 0.02 0.05 -60.00% [This is on account of ]
Employed decrease in earnings.
Employed
Income
generated
(k) Return on from investing 0.06 0.07 -14.29% -
Investment
activities/Average
invested funds
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Reason for variance is given for ratios having % change more than 25%.
b. The Company has borrowings from banks on the basis of security of current assets. The quarterly statements/revised statements of current assets filed by the company with banks are in agreement with the books of accounts.
c. Registration of charges or satisfaction with Registrar of Companies :

As on 31st March 2025, there are no charges that are to be created or satisfied.

However, in past the Company had availed credit facilities from ICICI Bank Ltd, for which charge was created with the Registrar of Companies, and as on 31st March 2025, in the books of the Company there were no dues towards the following charge

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Date of
Amount creation as
Charge ID Charge created in favour of
(in Rs.) per MCA
website
The Industrial Credit and Investment Corp. of India
90337693 Limited, 163; Backbay Reclamation, Bombay, 84,00,000 24/9/1981
Maharashtra 400020
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The Company has approached the Bank to ensure filing of Satisfaction of Charges with the MCA. However, as per the records of the Ministry of Corporate Affairs the above charge is still outstanding though the same was cleared/satisfied by the company.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

Amounts in Rs.

38. Expenditure during construction period (included in CWIP):

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Particulars 31 [st] March 2025 31 [st] March 2024
Balance brought forward (A) 32,05,45,620 4,86,35,782
Expenditure incurred during the year
Employee benefits expense 3,40,26,952 2,10,55,585
Power and fuel 3,38,94,291 42,46,454
Interest on Term loan (Capitalisation rate : 7.16%) 38,28,80,290 22,95,55,653
Rates and taxes 5,00,000 7,93,868
Insurance 44,33,201 25,72,168
Professional, consultancy and legal expenses 54,68,653 43,70,003
Travelling and conveyance 43,19,593 56,07,847
Spares Consumption 1,46,48,692
Labour Charges 77,41,415
Miscellaneous 1,42,06,307 37,08,260
Total expenditure during construction period (B) 50,21,19,394 27,19,09,838
Less: Turnover (C) - -
Less: Stocks of finished goods out of trial run production (D) - -
Total (A+B-C-D) 82,26,65,013 32,05,45,620
Allocated to property, plant and equipment
Balance carried forward 82,26,65,013 32,05,45,620
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39. The Board of Directors approved the standalone financial statements for the year ended March 31, 2025 and authorised for issue on May 27, 2025.

40. Code on Social Security

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its standalone financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

41. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

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NOTES TO THE STANDALONE FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

42. The Company has used accounting software for maintaining its books of account, which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software impacting books of account at application level. Also, the audit trail is not disabled/tampered. Further, the audit trail (edit log) is preserved as per the provisions of the Companies Act. However, the feature of recording audit trail (edit log) facility at database level is not enabled.

The accompanying notes are an integral part of the standalone financial statements.

As per our report of even date On behalf of Board of Directors For M.Anandam & Co., Chartered Accountants

(Firm Registration Number: 000125S)

Sd/Sd/Sd/- P.Parvathi Chairperson & Managing Director DIN : 00016597

B.V.Suresh Kumar Partner Membership Number: 212187

S.Venkateswarlu Whole-time Director DIN : 08602254

Place: Hyderabad Date: 27.05.2025

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT

Independent Auditor’s Report

To the Members of Deccan Cements Limited

Report on the Audit of the Consolidated Financial Statements

Opinion

We have audited the consolidated financial statements of Deccan Cements Limited (hereinafter referred to as “the Holding Company”) and its subsidiary (the Holding Company and its subsidiary together referred to as “the Group”), which comprise the Consolidated Balance Sheet as at March 31, 2025, and the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), the Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flows for the year then ended, and notes to the consolidated financial statements, including a summary of the material accounting policies and other explanatory information (hereinafter referred to as “the consolidated financial statements”).

In our opinion and to the best of our information and according to the explanations given to us, the aforesaid consolidated financial statements give the information required by the Companies Act, 2013 (“the Act”), in the manner so required and give a true and fair view in conformity with Indian Accounting Standards prescribed under section 133 of the Act read with the Companies (Indian Accounting Standards) Rules, 2015, as amended, (“Ind AS”) and other accounting principles generally accepted in India, of the consolidated state of affairs of the Group as at March 31, 2025, of its consolidated profit (including other comprehensive income), consolidated changes in equity and its consolidated cash flows for the year ended on that date.

Basis for Opinion

We conducted our audit of the consolidated financial statements in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013. Our responsibilities under those Standards are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements section of our report. We are independent of the Group, in accordance with the ethical requirements that are relevant to our audit of the consolidated financial statements in India in terms of the Code of Ethics issued by the Institute of Chartered Accountants of India (“ICAI”) and the relevant provisions of the Companies Act, 2013, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Key Audit Matters

Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the consolidated financial statements of the current period. These matters were addressed in the context of our audit of the consolidated financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. We have determined the matters described below to be the key audit matters to be communicated in our report.

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT

Sr. No.	Key Audit Matter	Auditor’s Response
1.	Revenue Recognition – Price Discounts (Holding Company) • Revenue is measured net of discounts earned by customers on the Company’s sales. • Due to the Company’s presence across diferent marketing regions within the country and the competitive business environment, price discounts vary based on the customer and market it caters to and recognised based on sales made during the year. These discounts are calculated based on the market study reports which reports are collated periodically by the management and are prone to manual interventions. • Therefore, there is a risk of revenue being misstated as a result of incorrect computation of price discounts. • Given the complexity involved in the assessment of price discounts and their periodic recognition against sales, the same is considered as key audit matter. Refer Note – 2(iv)of Material AccountingPolicies	Principal Audit Procedures • Assessed the appropriateness of the Company’s accounting policy relating to price discounts by comparing with applicable Indian Accounting Standard. • Assessed the design and tested the implementation and operating efectiveness of Company’s internal controls over the approvals, calculation, accounting and issuance of credit notes. • Obtained and inspected, on a sample basis, supporting documentation for price discounts recorded and credit notes issued during the year as well as credit notes issued after the year end date to determine whether these were recorded appropriately. • Compared the historical trend of price discounts to sales made to determine the appropriateness of current year’s discount charge.
2.	The Holding Company has material litigations which involve signifcant judgement to determine the possible outcome of these litigations. Refer Note 29 of the consolidated fnancial statements.	Principal Audit Procedures • We understood from the management, assessed and tested the design and operating efectiveness of the Company’s key controls surrounding assessment of litigations relating to the relevant laws and regulations. • We have reviewed the legal and other professional expenses and enquired with the management for recent developments and the status of the material litigations which were reviewed. • Obtaining a litigation list and making inquiries, circulating and reviewing legal confrmations from external counsel. • We performed our assessment on a test basis on the underlying calculations supporting the contingent liabilities/ other signifcant litigations disclosed in the consolidated fnancial statements. • Discussing the status of the cases with the legal team regarding the progress and probability assessment of the outcomes. • We used auditor’s experts/specialists to gain an understanding and to evaluate the disputed tax matters. • Evaluating the evidence supporting the judgement of the management about possible outcomes and the reasonableness of the estimates. • We evaluated management’s assessments by understanding precedents set in similar cases and assessed the reliability of the management’s past estimates/judgements. • Evaluating appropriateness of adequate disclosures in accordance with the applicable Indian accounting standards.

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT

3.	Inventories as disclosed in Note 6 to the consolidated fnancial statements include: • Raw materials comprising iron-ore, gypsum, limestone, laterite and fy ash; • Work-in-progress mainly comprising clinker • Coal The above items of inventory are stored in sheds, stockpiles and silos. As the weighing of these inventories is not practicable, management assesses the reasonableness of the quantities on hand by obtaining measurements of stockpiles and converting these measurements to unit of volumes by using angle of repose and bulk density. The Company involves its team in the inventory count process. Due to the signifcance of inventory balances in the Holding Company and related estimations involved, this is considered as a keyaudit matter.	Principal Audit Procedures The Company performs annual inventory counts at the year end and issues prior notifcation of procedures to be performed for such inventory counts. Our audit procedures to assess the existence of such items of inventory included the following: • Assessed the management’s process of measurement of stockpiles and the determination of values using conversion of volumes and density to total weight and the related yield. • Obtained and reviewed the inventory count report of the management’s team and assessed its accuracy on a sample basis.

Information Other than Financial Statements (Other Information)

The Holding Company’s Board of Directors is responsible for the other information. The other information comprises the information included in the Annual Report but does not include the consolidated financial statements and our auditor’s report thereon. The Holding Company’s annual report is expected to be made available to us after the date of this auditor’s report.

Our opinion on the consolidated financial statements does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the consolidated financial statements, our responsibility is to read the other information identified above when it becomes available and, in doing so, consider whether the other information is materially inconsistent with the consolidated financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.

When we read the Annual report if we conclude that there is a material misstatement therein, we are required to communicate the matter to those charged with Governance.

Responsibilities of Management and Those Charged with Governance for the Consolidated Financial Statements

The Holding Company’s Board of Directors is responsible for the preparation and presentation of the consolidated financial statements in term of the requirements of the Act that give a true and fair view of the consolidated financial position, consolidated financial performance, consolidated changes in equity and consolidated cash flows of the Group in accordance with the accounting principles generally accepted in India, including the Accounting Standards specified under section 133 of the Act. The respective Board of Directors of the companies included in the Group are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Group and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial statements that give a true and fair view and are free from material misstatement, whether due to fraud or error, which

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT

have been used for the purpose of preparation of the consolidated financial statements by the Directors of the Holding Company, as aforesaid.

In preparing the consolidated financial statements, the respective Board of Directors of the companies included in the Group are responsible for assessing the ability of the respective entities to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective management either intend to liquidate their respective entities or to cease operations, or has no realistic alternative but to do so.

Those respective Board of Directors of the companies included in the Group are also responsible for overseeing the financial reporting process of the Group.

Auditor’s Responsibilities for the Audit of the Consolidated Financial Statements

Our objectives are to obtain reasonable assurance about whether the consolidated financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of the consolidated financial statements.

As part of an audit in accordance with SAs, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the consolidated financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Holding Company has adequate internal financial controls with reference to consolidated financial statements and the operating effectiveness of such controls.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management.
Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements, including the disclosures, and whether the consolidated financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements.

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Materiality is the magnitude of misstatements in the consolidated financial statements that, individually or in aggregate, makes it probable that the economic decisions of a reasonably knowledgeable user of the financial statements may be influenced. We consider quantitative materiality and qualitative factors in (i) planning the scope of our audit work and in evaluating the results of our work; and (ii) to evaluate the effect of any identified misstatements in the financial statements.

From the matters communicated with those charged with governance, we determine those matters that were of most significance in the audit of the consolidated financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication.

Report on Other Legal and Regulatory Requirements

As required by Section 143(3) of the Act, we report that:
a) We have sought and obtained all the information and explanations which to the best of our knowledge and belief were necessary for the purposes of our audit.
b) In our opinion, proper books of account as required by law have been kept by the Group so far as it appears from our examination of those books except for the matter stated in paragraph (i)(vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.
c) The Consolidated Balance Sheet, the Consolidated Statement of Profit and Loss (including Other Comprehensive Income), Consolidated Statement of Changes in Equity and the Consolidated Statement of Cash Flows dealt with by this Report are in agreement with the relevant books of account maintained for the purpose of the preparation of the consolidated financial statements.
d) In our opinion, the aforesaid consolidated financial statements comply with the Indian Accounting Standards prescribed under Section 133 of the Act.
e) On the basis of the written representations received from the directors of the Holding Company and the subsidiary company as on 31st March, 2025 taken on record by the Board of Directors of the respective company, none of the directors of the Holding Company and subsidiary company is disqualified as on 31st March, 2025 from being appointed as a director in terms of Section 164 (2) of the Act.
f) The modification relating to the maintenance of accounts and other matters connected therewith are as stated in paragraph 1(b) above and paragraph (i)(vi) below on reporting under Rule 11(g) of the Companies (Audit and Auditors) Rules, 2014.
g) With respect to the adequacy of the internal financial controls with reference to consolidated financial statements and the operating effectiveness of such controls, refer to our separate Report in “Annexure A”.

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h) In our opinion and to the best of our information and according to the explanations given to us, the remuneration paid by the Holding Company to its directors during the year is in accordance with the provisions of section 197 of the Act. No remuneration was paid by the Subsidiary Company to its directors.
i) With respect to the other matters to be included in the Auditor’s Report in accordance with Rule 11 of the Companies (Audit and Auditors) Rules, 2014, in our opinion and to the best of our information and according to the explanations given to us:
i. The Group has disclosed the impact of pending litigations on its financial position in its consolidated financial statements (Refer Note No. 29 of the consolidated financial statements).
ii. The Group did not have any long-term contracts including derivative contracts for which there were any material foreseeable losses.
iii. There has been no delay in transferring amounts, required to be transferred, to the Investor Education and Protection Fund by the by the Holding Company. There are no amounts which were required to be transferred to the Investor Education and Protection Fund by the subsidiary company.
iv. (a) The respective Managements of the Holding Company and its subsidiary company have represented (Refer Note 40 of the consolidated financial statements) that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Holding Company or its subsidiary company to or in any other person or entity, including foreign entity (“Intermediaries”), with the understanding, whether recorded in writing or otherwise, that the Intermediary shall, whether, directly or indirectly lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Holding Company or its subsidiary company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
- (b) The respective Managements of the Holding Company and its subsidiary company have represented (Refer Note 40 of the consolidated financial statements) that, to the best of its knowledge and belief, no funds (which are material either individually or in the aggregate) have been received by the Holding Company or its subsidiary company from any person or entity, including foreign entity (“Funding Parties”), with the understanding, whether recorded in writing or otherwise, that the Holding Company or its subsidiary company shall, whether, directly or indirectly, lend or invest in other persons or entities identified in any manner whatsoever by or on behalf of the Funding Party (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries;
- (c) Based on the audit procedures that have been considered reasonable and appropriate in the circumstances performed by us, nothing has come to our notice that has caused us to believe that the representations under sub-clause (i) and (ii) of Rule 11(e), as provided under (a) and (b) above, contain any material misstatement.
v. The final dividend paid by the Holding Company during the year in respect of the same declared for the previous year is in accordance with Section 123 of the Act to the extent it applies to payment of dividend. The subsidiary company has not declared or paid any dividend during the year.

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As stated in Note 34b of the consolidated financial statements, the Board of Directors of the Holding Company have proposed final dividend for the year which is subject to the approval of the members of the Holding Company at the ensuing Annual General Meeting. The dividend declared is in accordance with Section 123 of the Act to the extent it applies to declaration of dividend.

vi. Based on our examination which included test checks, the Holding Company has used an accounting software for maintaining its books of account, which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software impacting books of account at application level.

Further, during the course of our audit, we did not come across any instance of audit trail feature being tampered with.

Further, the audit trail in respect of the previous year has been preserved by the Company as per the statutory requirements for record retention.

The Subsidiary Company has used accounting software for maintaining its books of accounts which does not have feature of audit trail (edit log) facility. Accordingly, we are unable to comment on the reporting requirements with reference to the audit trail under Rule 11(g) of Companies (Audit and Auditors) Rules, 2014.

As required by the Companies (Auditor’s Report) Order, 2020, (“the Order”) issued by the Central Government of India in terms of Section 143 (11) of the Act, we give in “Annexure B” a statement on the matters specified in paragraph 3(xxi) of the Order.

For M. Anandam & Co., Chartered Accountants (Firm’s Registration No. 000125S)

Place: Hyderabad Date: 27[th] May, 2025

Sd/B V Suresh Kumar Partner Membership No. 212187 UDIN: 25212187BMKXYR3786

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Annexure “A” to the Independent Auditor’s Report

(Referred to in paragraph 1(g) under ‘Report on Other Legal Regulatory Requirements’ section of our report of even date)

Report on the Internal Financial Controls with reference to Consolidated Financial Statements under Clause (i) of Sub-section 3 of Section 143 of the Companies Act, 2013 (“the Act”)

Opinion

We have audited the internal financial controls with reference to the consolidated financial statements of Deccan Cements Limited (“the Holding Company”) and its subsidiary company as of 31 March 2025 in conjunction with our audit of the consolidated financial statements of the Holding Company and its subsidiary company for the year ended on that date.

In our opinion, to the best of our information and according to the explanations given to us, the Holding Company and the subsidiary company have, in all material respects, an adequate internal financial controls system with reference to the consolidated financial statements and such internal financial controls with reference to the consolidated financial statements were operating effectively as at 31 March 2025, based on the internal control over financial reporting criteria established by the Holding Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls Over Financial Reporting issued by the Institute of Chartered Accountants of India.

Management’s Responsibility for Internal Financial Controls

The respective management of the companies included in the group are responsible for establishing and maintaining internal financial controls based on the internal control over financial reporting criteria established by the Holding Company considering the essential components of internal control stated in the Guidance Note on Audit of Internal Financial Controls over Financial Reporting issued by the Institute of Chartered Accountants of India (‘ICAI’). These responsibilities include the design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the orderly and efficient conduct of its business, including adherence to the Holding Company’s policies, the safeguarding of its assets, the prevention and detection of frauds and errors, the accuracy and completeness of the accounting records, and the timely preparation of reliable financial information, as required under the Companies Act, 2013.

Inherent Limitations of Internal Financial Controls with reference to the Consolidated Financial Statements

Because of the inherent limitations of internal financial controls with reference to the consolidated financial statements, including the possibility of collusion or improper management override of controls, material misstatements due to error or fraud may occur and not be detected. Also, projections of any evaluation of the internal financial controls with reference to the consolidated financial statements to future periods are subject to the risk that the internal financial control with reference to the consolidated financial statements may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Auditor’s Responsibility

Our responsibility is to express an opinion on the Holding Company’s internal financial controls with reference to the consolidated financial statements based on our audit. We conducted our audit in accordance with the Guidance Note on Audit of Internal Financial Controls over Financial Reporting (the “Guidance Note”) and the Standards on Auditing prescribed under section 143(10) of the Companies Act, 2013, to the extent applicable to an audit of internal financial controls. Those Standards and the Guidance Note require that we comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether adequate internal financial controls with reference to the consolidated financial statements were established and maintained and if such controls operated effectively in all material respects.

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT

Our audit involves performing procedures to obtain audit evidence about the adequacy of the internal financial controls system with reference to the consolidated financial statements and their operating effectiveness. Our audit of internal financial controls with reference to the consolidated financial statements included obtaining an understanding of internal financial controls with reference to the consolidated financial statements, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the consolidated financial statements, whether due to fraud or error.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion on the Group’s internal financial controls with reference to the consolidated financial statements.

Meaning of Internal Financial Controls with reference to the Consolidated Financial Statements

A Company’s internal financial control with reference to the consolidated financial statements is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal financial control with reference to the consolidated financial statements includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorisations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorised acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

For M. Anandam & Co., Chartered Accountants (Firm’s Registration No. 000125S)

Place: Hyderabad Date: 27[th] May, 2025

Sd/B V Suresh Kumar Partner Membership No. 212187 UDIN: 25212187BMKXYR3786

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CONSOLIDATED INDEPENDENT AUDITOR'S REPORT

Annexure “B” to the Independent Auditors’ Report

With reference to Paragraph 2 under ‘Report on Other Legal and Regulatory Requirements’ section of our report to the Members of the Company, we report that:

In terms of the information and explanations sought by us and given by the Holding Company and its subsidiary company, the books of account and records examined by us in the normal course of audit and to the best of our knowledge and belief we state that there are no qualifications or adverse remarks in the report on Companies (Auditors Report) Order, 2020 of the companies included in the consolidated financial statements.

For M. Anandam & Co., Chartered Accountants (Firm’s Registration No. 000125S)

Sd/B V Suresh Kumar

Place: Hyderabad Date: 27[th] May, 2025

Partner Membership No. 212187 UDIN: 25212187BMKXYR3786

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CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED BALANCE SHEET AS AT 31[ST] MARCH 2025

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Rs. in lakhs
As at 31 [st]
Particulars Note
March 2025
I. ASSETS
Non-current assets
(a) Property, plant and equipment 3.1 38,129.84
(b) Other Intangible assets 3.2 2,095.51
(c) Right-of-use assets 3.3 13.09
(d) Capital work-in-progress 3.4 80,538.06
(e) Financial assets
(i) Investments 4.1 15.93
(ii) Other financial assets 4.2 3,611.59
(f) Other non-current assets 5 3,490.35
Current assets
(a) Inventories 6 10,063.06
(b) Financial assets
(i) Trade receivables 7.1 5,772.45
(ii) Cash and cash equivalents 7.2 14,298.06
(iii) Other bank balances 7.3 138.80
(iv) Loans 7.4 18.18
(v) Other financial assets 7.5 482.66
(c) Current tax assets (net) 8 14.34
(d) Other current assets 9 3,857.49
TOTAL ASSETS 1,62,539.41
II. EQUITY AND LIABILITIES
Equity
(a) Equity share capital 10 700.38
(b) Other equity 11 71,542.18
Attributable to the owners of the Parent 72,242.56
Non-controlling interests -
72,242.56
Liabilities
Non-current liabilities
(a) Financial liabilities
(i) Borrowings 12.1 54,668.41
(ii) Lease liabilities 3.2 2.52
(b) Provisions 13 564.91
(c) Deferred tax liabilities (net) 14 5,402.83
Current liabilities
(a) Financial liabilities
(i) Borrowings 15 16,733.19
(ii) Trade payables
a) Total outstanding dues of micro enterprises and small enterprises 493.54
b) Total outstanding dues of creditors other than micro enterprises and small
15.1 3,122.27
enterprises
(iii) Lease liabilities 3.3 10.69
(iv) Other financial liabilities 15.2 8,395.10
(b) Other current liabilities 16 717.46
(c) Provisions 17 185.93
TOTAL EQUITY AND LIABILITIES 1,62,539.41
Summary of material accounting policies 2
The accompanying notes are an integral part of the consolidated fnancial statements.
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As per our report of even date On behalf of Board of Directors For M.Anandam & Co., Chartered Accountants

(Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

Sd/-

P.Parvathi Chairperson & Managing Director DIN : 00016597

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/- S.Venkateswarlu

Whole-time Director DIN : 08602254

Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

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Year ended 31 [st]
Particulars Note
March 2025
I. Income
Revenue from operations 18 52,697.72
Other income 19 1,619.90
Total income 54,317.62
II. Expenses
Cost of materials consumed 20 6,955.14
Purchases of stock-in-trade 37.50
Changes in inventories of finished goods, work-in-progress and stock-in-trade 21 (200.35)
Employee benefits expense 22 3,067.96
Finance costs 23 1,275.17
Depreciation and amortization expenses 24 2,807.71
Power and fuel 21,431.82
Freight charges 9,761.37
Other expenses 25 8,107.22
Total expenses 53,243.54
III. Profit before exceptional items and tax (I - II) 1,074.08
IV. Exceptional items -
V. Profit before tax (III-IV) 1,074.08
VI. Tax expense:
(1) Current tax 347.12
(2) Earlier year’s tax (2.25)
(3) Deferred tax (22.64)
VII. Profit for the year (V- VI) 751.85
VIII. Other comprehensive income
Items that will not be reclassified to profit or loss
a) Remeasurement of defined benefit plans 17.97
b) Income tax relating to item (a) above (4.52)
Other comprehensive income/(loss) (net of tax) 13.45
IX. Total comprehensive income for the year 765.30
Profit for the year attributable to:
Owners of the Company 751.85
Non-controlling interests -
Other comprehensive income for the year attributable to:
Owners of the Company 13.45
Non-controlling interests -
Total comprehensive income for the year attributable to:
Owners of the Company 765.30
Non-controlling interests -
X. Earnings per equity share (Face value of Rs. 5/- each)
(1) Basic (in Rs.) 32 5.37
(2) Diluted (in Rs.) 5.37
Summary of material accounting policies 2
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The accompanying notes are an integral part of the consolidated financial statements.

As per our report of even date On behalf of Board of Directors For M.Anandam & Co., Chartered Accountants

(Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

Sd/-

P.Parvathi Chairperson & Managing Director DIN : 00016597

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/- S.Venkateswarlu Whole-time Director DIN : 08602254 Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31[ST] MARCH 2025

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Rs. in lakhs
Year ended
Particulars
31 [st] March 2025
Cash flow from operating activities
Profit before tax 1,074.08
Adjustments for:
Depreciation and amortisation expenses 2,807.71
Net Profit/loss on sale of property, plant and equipment (312.36)
Interest income on deposits and others (1,060.72)
Rental income (2.57)
Dividend income (0.55)
Liabilities no longer required written back (221.19)
Provision for bad and doubtful debts 8.75
Finance costs 1,275.17
Gain on derecognition of lease liabilities (3.44)
Net (gain)/loss on fair value changes of investment designated at FVTPL 1.19
Operating Profit before working capital changes 3,566.06
Changes in operating assets and liabilities
(Increase) / decrease in Trade Receivables (371.80)
(Increase) / decrease in financial assets other than trade receivables (1,217.30)
(Increase) / Decrease in other assets (1,800.37)
(Increase) / Decrease in Inventories 44.08
Increase / (Decrease) in Trade payables (236.80)
Increase / (Decrease) in other financial liabilities (880.99)
Increase / (Decrease) in provisions (16.68)
Increase / (Decrease) in other liabilities (2,650.40)
Cash Generated from Operations (3,564.20)
Income taxes paid (200.00)
Net cash flow from/(used in) operating activities (3,764.20)
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CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

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Year ended
Particulars
31 [st] March 2025
Cash flows from investing activities
Payment for property, plant and equipment, Capital WIP (27,808.03)
Advances given for property, plant and equipment and Capital WIP 3,494.73
Proceeds from sale of property, plant and equipment 371.87
Interest received on deposits and others 1,205.80
Dividend received 0.55
Rent received 2.57
Net cash flow from/ (used in) investing activities (22,732.51)
Cash flow from financing activities
Proceeds from non-current borrowings 16,387.96
Repayment of non-current borrowings (167.42)
Proceeds from/ (repayment) of current borrowings 3,248.55
Dividend paid (420.23)
Interest paid (1,235.19)
Interest on lease liabilities (6.04)
Payment for principal component of lease liabilities (29.59)
Net cash flow from/ (used in) financing activities 17,778.06
Net increase (decrease) in cash and cash equivalents (8,718.65)
Cash and Cash equivalents at the beginning of the year 23,016.71
Effects of exchange rate changes on cash and cash equivalents -
Cash and Cash equivalents at the end of the year (Note 7.2) 14,298.06
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CONSOLIDATED FINANCIAL STATEMENTS

Rs. in lakhs

Reconciliation of cash and cash equivalents as per the cash flow statement

Cash and Cash equivalents as per above comprise of the following:

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Year ended
Particulars
31 [st] March 2025
a) Balances with banks
in current accounts 48.53
in deposit accounts 13,284.86
in margin money deposit accounts 36.69
debit balance in cash credit accounts 917.87
b) Cash on hand 10.11
Total 14,298.06
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Statement of Cash Flows has been prepared under the indirect method as set out in Ind AS - 7 specified under Section 133 of the Companies Act, 2013.

15.1(a) Net Debt Reconciliation

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Year ended
Particulars
31 [st] March 2025
Opening balance of borrowings 51,932.50
Add:- Net Proceeds from non-current borrowings 16,387.96
Less: (Repayment) of non-current borrowings (167.42)
Proceeds/ (repayment) from current borrowings (net) 3,248.55
Fair value adjustments -
Closing balance of borrowings 71,401.59
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Summary of material accounting policies (refer Note 2)

The accompanying notes are an integral part of the consolidated financial statements.

As per our report of even date For M.Anandam & Co., Chartered Accountants (Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

On behalf of Board of Directors

Sd/- P.Parvathi Chairperson & Managing Director DIN : 00016597

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/- S.Venkateswarlu Whole-time Director DIN : 08602254

Sd/- Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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CONSOLIDATED FINANCIAL STATEMENTS

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31[ST] MARCH 2025

Rs. in lakhs

a. Equity share capital

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Particulars Note 31 [st] March 2025
Balance at the beginning of the year 10 700.38
Add: Changes in equity share capital due to prior period errors -
Restated balance at the beginning of the year 700.38
Changes in equity share capital during the year -
Balance at the end of the year 700.38
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b. Other equity

Year ended 31st March, 2025

Particulars Note	Reserves and surplus Total Securities premium General reserve Retained earnings
Balance as at 01st April, 2024 11 Proft for the year Dividend Other comprehensive income/(loss) (net of tax)	1,250.14 4,639.52 65,307.45 71,197.11 - - 751.85 751.85 - - (420.23) (420.23) - - 13.45 13.45
Balance as at 31st March 2025	1,250.14 4,639.52 65,652.52 71,542.18

Year ended 31st March, 2024

Particulars Note	Reserves and surplus Total Securities premium General reserve Retained earnings
Balance as at 01st April, 2023 11 Proft for the year Dividend Other comprehensive income/(loss) (net of tax)	- - - - - - - - - - - - - - - -
Balance as at 31st March, 2024	- - - -
Summaryof material accounting policies 2

The accompanying notes are an integral part of the Consolidated Financial Statements.

As per our report of even date For M.Anandam & Co., Chartered Accountants (Firm Registration Number: 000125S)

Sd/-

B.V.Suresh Kumar Partner Membership Number: 212187

Place: Hyderabad Date: 27.05.2025

On behalf of Board of Directors

Sd/-

P.Parvathi Chairperson & Managing Director DIN : 00016597

Sd/-

D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/- S.Venkateswarlu Whole-time Director DIN : 08602254

Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Notes forming part of the Consolidated Financial Statements for the year ended 31[st] March 2025

1 Corporate Information:

Deccan Cements Limited (‘the Company’/’the Parent’/’the Holding Company’ ) is a public limited company incorporated in India having its registered office situated at Deccan Chambers, 6-3-666/B, Somajiguda, Hyderabad, Telangana 500082. The Company together with its subsidiary is collectively referred to as “the Group”. The Group is engaged in the manufacturing and selling of Cement, production and selling of power from hydel and wind sources and trading of tile adhesives.

1.1 Principles and basis of consolidation

The Consolidated Financial Statements (CFS) include the financial statements of the Parent Company and its subsidiary.

Subsidiary

Subsidiary is entity controlled by the Group. Control is achieved when the Group is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. Specifically, the Group controls an investee if, and only if, the Group has:

(i) Power over the investee (i.e. existing rights that give it the current ability to direct the relevant activities of the investee);
(ii) Exposure, or rights, to variable returns from its involvement with the investee; and the ability to use its power over the investee to affect its returns.
(iii) The ability to use its power over the investee to affect its returns.

The Group re-assesses whether or not it controls an investee if facts and circumstances indicate that there are changes to one or more of the three elements of control. Consolidation of a subsidiary begins when the Group obtains control over the subsidiary and ceases when the Group loses control of the subsidiary. Assets, liabilities, income and expenses of a subsidiary acquired or disposed of during the year are included in the consolidated financial statements from the date the Group gains control until the date the Group ceases to control the subsidiary.

Consolidated financial statements are prepared using uniform accounting policies for like transactions and other events in similar circumstances. If a member of the Group uses accounting policies other than those adopted in the consolidated financial statements for like transactions and events in similar circumstances, appropriate adjustments are made to that Group member’s financial statements in preparing the consolidated financial statements to ensure conformity with the Group’s accounting policies.

The financial statements of all entities used for the purpose of consolidation are drawn up to same reporting date as that of the Holding Company, i.e. year ended on March 31.

Consolidation procedures:

a. Combine like items of assets, liabilities, equity, income, expenses and cash flows of the Holding Company with that of its subsidiary. For this purpose, income and expenses of the subsidiary are based on the amounts of the assets and liabilities recognized in the consolidated financial statements at the acquisition date.

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b. Offset (eliminate) the carrying amount of the Holding Company’s investment in the subsidiary and the Holding Company’s portion of equity of the subsidiary. Business combinations policy explains how to account for any related goodwill.
c. Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the Group (profits or losses resulting from intragroup transactions that are recognized in assets, such as inventory and property, plant and equipment and intangible assets, are eliminated in full). Intragroup losses may indicate an impairment that requires recognition in the consolidated financial statements. Ind AS 12 Income Taxes applies to temporary differences that arise from the elimination of profit and losses resulting from intragroup transactions.
d. The excess of the Group’s investment in a subsidiary over its share in the net worth of such subsidiary on the date control is acquired is treated as goodwill while a deficit is considered as a capital reserve in the consolidated financial statements.

Non-controlling interests (NCI)

NCI is measured at their proportionate share of the acquiree’s net identifiable assets at the date of acquisition. The Group presents the non-controlling interests in the Balance Sheet within equity, separately from the equity of the Group as owners.

Changes in the Group’s equity interest in a subsidiary that do not result in a loss of control are accounted for as equity transactions.

Subsidiary considered in the consolidated financial statements:

Deccan Swarna Cements Pvt Ltd, incorporated in India, where the Holding Company has 100% ownership has been considered for the purpose of consolidated financial statements.

2 Material Accounting Policies:

This note provides a list of the material accounting policies adopted in the preparation of the consolidated financial statements. These policies have been consistently applied to all the years presented, unless otherwise stated.

i) Statement of Compliance:

The consolidated financial statements have been prepared in accordance with the Indian Accounting Standards (Ind AS) as per the Companies (Indian Accounting Standards) Rules, 2015 as amended from time to time, notified under section 133 of the Companies Act, 2013, (“Act”) and other relevant provisions of the Act.

ii) Basis of preparation:

The consolidated financial statements have been prepared under the historical cost convention with the exception of certain assets and liabilities that are required to be carried at fair values as per Ind AS. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.

iii) Use of estimates and critical accounting judgements:

In preparation of the consolidated financial statements, the Group makes judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and the associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

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The estimates and the underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised and future periods affected.

Significant judgements and estimates relating to the carrying values of assets and liabilities include useful lives of property, plant and equipment and intangible assets, impairment of property, plant and equipment, intangible assets and investments, provision for employee benefits and other provisions, recoverability of deferred tax assets, commitments and contingencies.

iv) Revenue Recognition:

i) Sale of Products

Revenue is recognised when the performance obligations have been satisfied, which is once control of the goods is transferred from the Company to the customer.

Cement: Revenue related to the sale of goods is recognised when the product is delivered to the destination specified by the customer, and the customer has gained control through their ability to direct the use of and obtain substantially all the benefits from the asset. Revenue is measured based on consideration specified in the contract with a customer which is measured at the fair value of the consideration received or receivable, net of returns and allowances, trade discounts and volume rebates and excludes amounts collected on behalf of third parties.

Power: Revenue from sale of power is recognized net of wheeling and banking charges, line losses and the selling costs.

ii) Other income

Interest income is recognized on time proportion basis taking into account the amount outstanding and the rate applicable.

v) Borrowing Costs:

vi) Employee Benefits:

(i) Short-term obligations

(ii) Other long-term employee benefit obligations

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by employees up to the end of the reporting period using the projected unit credit method. The benefits are discounted using the market yields at the end of the reporting period that have terms approximating to the terms of the related obligations. Remeasurements as a result of the experience adjustments and changes in actuarial assumptions are recognized in profit or loss. The obligations are presented as current liabilities in the balance sheet if the entity does not have an unconditional right to defer settlement for at least twelve months after the reporting period, regardless of when the actual settlement is expected to occur.

(iii) Gratuity obligations

The liabilities or assets recognized in the balance sheet in respect of gratuity plans is the present value of the defined benefit obligation at the end of the reporting period less the fair value of plan assets. The defined benefit obligation is calculated annually by actuaries using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future cash outflows by reference to market yields at the end of the reporting period on government bonds that have terms approximating to the terms of the related obligation. The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is included in employee benefit expense in the statement of profit and loss. Remeasurement gains and losses arising from experience adjustments and changes in actuarial assumptions are recognized in the period in which they occur, directly in other comprehensive income. They are included in retained earnings in the statement of changes in equity and in the balance sheet. Changes in the present value of the defined benefit obligation resulting from plan amendments or curtailments are recognized immediately in profit or loss.

(iv) Defined contribution plans

The Group pays provident fund contributions to publicly administered funds as per local regulations and super annuation fund to LIC of India. The Group has no further payment obligations once the contributions have been paid. The contributions are accounted for as defined contribution plans and the contributions are recognized as employee benefit expense when they are due.

(v) Bonus plans

The Group recognizes a liability and an expense for bonuses. The Group recognizes a provision where contractually obliged or where there is a past practice that has created a constructive obligation.

vii) Income Taxes:

Tax expense for the year comprises current and deferred tax.

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differences can be utilised. Such deferred tax assets and liabilities are not recognised if the temporary differences arise from the initial recognition (other than in a business combination) of assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. In addition, deferred tax liabilities are not recognised if the temporary difference arises from the initial recognition of goodwill.

Tax relating to items recognized directly in equity or other comprehensive income is recognised in equity or other comprehensive income and not in the Statement of Profit and Loss.

Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax liabilities and assets and they are related to income taxes levied by the same tax authority, but they intend to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously.

viii) Property, plant and equipment (PPE):

Property, Plant and equipment retired from active use and held for sale are stated at the lower of their net book value and net realizable value and are disclosed separately.

ix) Intangible Assets:

Intangible assets acquired separately are measured on initial recognition cost

x) Depreciation and amortisation expenses:

The estimated useful lives of Property, Plant and Equipment are as follows:

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Asset description Life of the asset (in years)
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Buildings	3 years to 60 years
Plant and Equipment	3 years to 40 years
Furniture and Fittings	3 years to 10 years
Vehicles	8 years to 10 years
Ofce equipment	3 years to 10 years
RailwaySidings	10years to 15years

Intangible assets are amortized on straight line method based on the estimated useful lives.

The amortized period and amortization method are reviewed at each financial year end.

xi) Expenditure during construction period:

xii) Impairment of Assets:

Intangible assets and property, plant and equipment are evaluated for recoverability whenever events or changes in circumstances indicate that their carrying amounts may not be recoverable. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. In such cases14, the recoverable amount is determined for the Cash Generating Unit (CGU) to which the asset belongs. If such assets are considered to be impaired, the impairment to be recognized in the statement of profit and loss is measured by the amount by which the carrying value of the assets exceeds the estimated recoverable amount of the asset. An impairment loss is reversed in the statement of profit and loss if there has been a change in the estimates used to determine the recoverable amount. The carrying amount of the asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had no impairment loss been recognized for the asset in prior years.

xiii) Inventories:

Raw Materials, Fuel, Stores & Spares and Packing Materials

Materials in Transit:

Valuation of Inventories of Materials in Transit is done at Cost.

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Work-in-Progress (WIP) and Finished Goods

xiv) Provisions, Contingent Liabilities and Contingent Assets :

The Group recognises provisions when there is present obligation as a result of past event and it is probable that there will be an outflow of resources and reliable estimate can be made of the amount of the obligation. If the effect of the time value of money is material, provisions are determined by discounting the expected future cash flows to net present value using an appropriate pre-tax discount rate that reflects current market assessments of the time value of money and, where appropriate, the risks specific to the liability. Unwinding of the discount is recognised in the Statement of Profit and Loss as a finance cost. Provisions are reviewed at each reporting date and are adjusted to reflect the current best estimate.

Contingent assets are not recognized in financial statements since this may result in the recognition of income that may never be realised.

xv) Financial instruments:

Financial assets and financial liabilities are recognised when the Group becomes a party to the contractual provisions of the instrument. Financial assets and financial liabilities are initially measured at fair value. Transaction costs that are directly attributable to the acquisition or issue of financial assets and financial liabilities (other than financial assets and financial liabilities at fair value through profit or loss) are added to or deducted from the fair value of the financial assets or financial liabilities, as appropriate, on initial recognition. Transaction costs directly attributable to the acquisition of financial assets or financial liabilities at fair value through profit or loss are recognised immediately in profit or loss.

Financial assets

(i) Financial assets carried at amortised cost

(ii) Financial assets at fair value through other comprehensive income

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based on its business model, for its investments which are classified as equity instruments, the subsequent changes in fair value are recognized in other comprehensive income.

(iii) Financial assets at fair value through profit or loss

A financial asset which is not classified in any of the above categories are subsequently fair valued through profit or loss.

(iv) The Group recognizes loss allowances using the expected credit loss (ECL) model for the financial assets which are not fair valued through profit or loss. Loss allowance for trade receivables with no significant financing component is measured at an amount equal to lifetime ECL. For all other financial assets, expected credit losses are measured at an amount equal to the 12-month ECL, unless there has been a significant increase in credit risk from initial recognition in which case those are measured at lifetime ECL. The amount of expected credit losses (or reversal) that is required to adjust the loss allowance at the reporting date to the amount that is required to be recognised is recognized as an impairment gain or loss in statement of profit or loss.

Financial liabilities and equity instruments

Classification as debt or equity

Financial liabilities and equity instruments issued by the Group are classified according to the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument.

Equity Instruments

An equity instrument is any contract that evidences a residual interest in the assets of the Group after deducting all of its liabilities. Equity instruments are recorded at the proceeds received, net of direct issue costs.

Financial Liabilities

Derecognition of financial instruments

The Group derecognizes a financial asset when the contractual rights to the cash flows from the financial asset expire or it transfers the financial asset and the transfer qualifies for derecognition under Ind AS 109. A financial liability (or a part of a financial liability) is derecognized from the group’s balance sheet when the obligation specified in the contract is discharged or cancelled or expires.

Fair value of financial instruments

In determining the fair value of its financial instruments, the Group uses a variety of methods and assumptions that are based on market conditions and risks existing at each reporting date. The methods used to determine fair value include discounted cash flow analysis, available

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quoted market prices and dealer quotes. All methods of assessing fair value result in general approximation of value, and such value may or may not be realized.

Offsetting financial instruments

xvi) Earnings Per Share :

xvii) Cash and cash equivalents:

xviii) Government Grants:

Grants from the government are recognised at fair value where there is a reasonable assurance that the grant will be received and the Group will comply with all attached conditions. Government grants relating to income are deferred and recognised in the profit or loss over the period necessary to match them with the costs they are intended to compensate and presented within other income. Government grants relating to the purchase of property, plant and equipment are included in non-current liabilities as deferred income and are credited to profit and loss on a straight line basis over the expected lives of the related assets and presented within other income. The benefit of a government loan at below current market rate of interest is treated as a government grant.

xix) Leases

As a lessee:

The Group assesses whether a contract contains a lease, at inception of a contract. A contract is, or contains, a lease if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. To assess whether a contract conveys the right to control the use of an identified asset, the Group assesses whether:

(1) The Contract involves the use of an identified asset;
(2) The Group has substantially all the economic benefits from use of the asset through the period of the lease and
(3) The Group has the right to direct the use of the asset.

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The Group recognizes a right-of-use asset (“ROU”) and a corresponding lease liability for all lease arrangements in which it is a lessee, except for leases with a term of twelve months or less (short-term leases) and low value leases. For these short-term and low value leases, the Group recognizes the lease payments as an operating expense on a straight-line basis over the term of the lease. Certain lease arrangements includes the options to extend or terminate the lease before the end of the lease term. ROU assets and lease liabilities includes these options when it is reasonably certain that they will be exercised.

The lease liability is initially measured at amortized cost at the present value of the future lease payments. The lease payments are discounted using the interest rate implicit in the lease or, if not readily determinable, using the incremental borrowing rates in the country of domicile of the leases. Lease liabilities are re-measured with a corresponding adjustment to the related right of use asset if the Group changes its assessment if whether it will exercise an extension or a termination option.

Lease liability and ROU asset shall be separately presented in the Balance Sheet and lease payments shall be classified as financing cash flows.

xxi) Dividend Distribution

xxii) Rounding off amounts

All amounts disclosed in the consolidated financial statements and notes have been rounded off to the nearest lakh as per the requirement of Schedule III, unless otherwise stated.

xxiii) Standards issued but not yet effective

There is no such notification is applicable from April 1, 2025.

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----- Start of picture text -----

st
st
82.88 12.12 45.79
Net carrying amount As at 31 March 2025 3,731.34 5,110.89 26,780.83 166.92 2,199.07 38,129.84 Net carrying amount As at 31 March 2025 2,082.29 13.22 2,095.51
-
st
st
As at 31 March 2025 2,485.03 15,015.44 51.77 254.55 116.23 82.92 1,795.98 19,801.91 As at 31 March 2025 590.30 251.24 841.54
- - -
- - -
17.70 5.53 0.42 43.35 2.19 69.19
On
On
disposals
disposals
Year - 337.14 13.07 45.31 3.28 15.39 274.64 Year 69.68 62.81
For the 1,955.73 2,644.56 For the 132.49
Accumulated depreciation - Accumulated amortisation
As at st1 April 2024 2,165.59 13,065.24 39.12 252.59 112.95 69.71 1,521.34 17,226.54 As at st1 April 2024 520.62 188.43 709.05
All amounts in Rs.lakhs, unless otherwise stated
st March 2025 3,731.34 7,595.92 134.65 421.47 128.35 128.70 3,995.05 st March 2025 2,672.59 264.46 2,937.05
As at 31 41,796.26 57,931.77 As at 31
Deletions - 45.86 7.37 0.44 72.72 - 2.30 - 128.70 Deletions - - -
- - -
488.67 110.69 91.20 8.12 6.00 4.33 4.36 126.28 839.64 Additions
Gross carrying amount Additions Gross carrying amount
As at st1 April 2024 3,242.68 7,531.09 41,712.44 126.97 488.19 124.03 126.65 3,868.77 57,220.82 As at st1 April 2024 2,672.59 264.46 2,937.05
Property, plant and equipment
current and previous year.
3.1 (a) Particulars Owned assets Land Buildings Plant and equipment Furniture and fixtures Vehicles Computers Office equipment Railway sidings TOTAL 3.1 (b) The details of assets pledged as borrowings, refer note no.12.1 and 15 to the consolidated financial statements. 3.1 (c) The Company has not revalued any property, plant and equipment or intangible assets after initial recognition, during the 3.1 (d) Refer Note 30 for capital commitments 3.2 Intangible assets Particulars Compensatory land & afforesta- tion expenses Computer software (acquired) TOTAL
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----- Start of picture text -----

As at March 2025 75.64 20.98 52.86 30.67 13.09 As at March 2025 10.69 2.52 13.21 As at March 2025 78.11 20.98 6.04 56.30 35.63 13.21
st st st
31 31 31
Following are the changes in the carrying value of right of use assets:
Particulars Opening Balance Add: Additions during the year Less: Deletions during the year Less: Amortisation during the year Closing Balance The aggregate depreciation expense on ROU assets is included under depreciation and amortisation expense in the Statement of Profit and Loss. The following is the break-up of current and non-current lease liabilities: Particulars Current lease liabilities Non-current lease liabilities Total The following is the movement in lease liabilities: Particulars Balance at the beginning of the year Additions during the year Finance Cost accrued during the year Deletions Payment of lease liabilities Balance at the end of the year
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----- Start of picture text -----

As at 11.30 3.22 0.01 14.53 As at (3.44) 6.04 30.67 -
March 2025st March 2025st As at 80,538.06 80,538.06 Total 80,538.06 80,538.06
March 2025
31 31 st -
31
481.77 481.77
463.43 463.43
-
Capitalised/ Adjustments
21,133.20 21,133.20
2 - 3 years More than 3 years
-
29,634.05 29,634.05
Additions
Amount in CWIP for a period of
1 - 2 years 28,585.48 28,585.48
51,367.44 51,367.44 30,337.62 - 30,337.62
As at
April 2024
st
1
Less than 1 year
Amount recognised in the Statement of Profit and Loss:
The table below provides details regarding the contractual maturities of lease liabilities on an undiscounted basis: Particulars Less than one year One to two years Two to three years Total (ii) Particulars Gain on derecognition of lease liabilities Interest expenses Amortisation of right- of- use assets The Company does not face a significant liquidity risk with regard to its lease liabilities as the current assets are sufficient to meet the obligations related to lease liabilities as and when they fall due. The incremental borrowing rate used for the measurement of lease liability is 9.6% per annum which is the rate that the individual lessee would have to pay to borrow the funds necessary to obtain an asset of similar value to the right-of-use asset in a similar economic environment with similar terms, security and conditions. Rental expense recorded for short-term leases is Rs. 1.00 lakh for the year ended March 31, 2025 (P.Y. Nil) 3.4 (a) Capital work-in-progress: Particulars Capital work-in-progress Total CWIP ageing schedule as at 31st March 2025 Particulars Projects in progress Projects temporarily suspended Total
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	Total	78,188.24 - - - 78,188.24	78,188.24 - - - 78,188.24	Projects:	Actual Cost incurred upto 31.03.2025
in	More than 3 years
					Latest Revised Cost
be completed	2-3 years
To	1-2 years
					Original Cost
	Less than 1 year
Particulars		Projects in Progress Line - 3	Total	Capital work-in-progress - Cost Overrun a) As at 31 March 2025	Particulars

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All amounts in Rs.lakhs, unless otherwise stated

4.1. Investments

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As at
Particulars
31 [st ] March 2025
Investments in equity instruments (quoted - fully paid up)
Fair value through profit and loss (FVTPL)
Tata Consultancy Services Limited 15.83
440 (P.Y - 440) Equity Shares of Re. 1 /- each
Investment in others (unquoted - fully paid up)
At amortised cost
DCFEMAC Co-operative Stores Limited 0.10
236 (P.Y - 236) Equity Shares of Rs. 100 /- each
TOTAL 15.93
Aggregate amount of quoted investments 15.83
Aggregate amount of unquoted investments 0.10
Aggregate amount of impairment in value of investments -
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The Group has not traded or invested in Crypto currency or Virtual currency during the current year and previous year.

4.2. Other financial assets (non-current)

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As at
Particulars
31 [st ] March 2025
Earmarked balances with banks
Margin money deposits against bank guarantees 162.33
Others
Deposits with government companies and others 3,449.26
TOTAL 3,611.59
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includes upfront payment made by the Company to Government of Rajasthan of Rs. 300 lakhs on successful bidding of mine as on 31st March 2025. (P.Y: Nil) and Rs. 703.89 lakhs (P.Y: Nil) to Government of Telangana on successful bidding of mine at Saidulnama Block.

5. Other non-current assets

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As at
Particulars
31 [st] March 2025
Unsecured, considered good
Capital advances 2,911.47
Advances other than capital advances
Taxes paid under protest 448.66
Prepaid expenses 130.22
TOTAL 3,490.35
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All amounts in Rs.lakhs, unless otherwise stated

6. Inventories (Valued at lower of cost and net realisable value)

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As at
Particulars
31 [st] March 2025
a) Raw materials 158.56
b) Work-in-progress 2,084.17
c) Finished goods 407.48
d) Stores and spares 4,822.29
e) Packing materials 130.22
f) Coal (Includes RDF and material in transit Rs. 516 lakhs (P.Y Nil) 2,450.61
g) Tile adhesives 9.73
TOTAL 10,063.06
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6.1 For inventories secured against borrowings, refer note no.12.1 to the Consolidated financial statements.

7.1. Trade receivables

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----- Start of picture text -----

As at
Particulars
31 [st] March 2025
a) Secured, considered good 2,383.12
b) Unsecured, considered good 3,391.00
Less: Allowance for credit losses (6.66)
c) Credit impaired 32.88
Less: Allowance for credit losses (27.89)
TOTAL 5,772.45
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7.1 Trade receivables are non-interest bearing and generally on credit term of 30 to 120 days.
7.2 For Trade receivables secured against borrowings, refer note no. 12.1 to the Consolidated financial statements.
7.3 For Group’s exposure to the market risk and credit risk, refer note no. 33 to the Consolidated financial statements.

Trade Receivables ageing schedule

As at 31st March, 2025

Particulars	Outstanding for following periods from date of transaction
	Less than 6 months 6 months - 1 year 1 - 2 years 2 - 3 years More than 3 years Total
(i) Undisputed Trade receivables – considered good (ii) Undisputed Trade receivables – which have signifcant increase in credit risk	5,682.83 52.16 9.13 16.67 13.33 5,774.12 - - - - - -

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All amounts in Rs.lakhs, unless otherwise stated

==> picture [419 x 51] intentionally omitted <==

credit impaired
(iv) Disputed Trade receivables–	-	-	-	-	-	-
considered good
(v) Disputed Trade receivables – which have signifcant increase	-	-	-	-	-	-
in credit risk
(vi) Disputed Trade receivables –	-	-	-	-	32.88	32.88
credit impaired
(vii) Expected credit loss rate (in %)	-	-	-	20.00%	47.46%	-
(viii) Expected credit loss	-	-	-	(3.33)	(31.21)	(34.55)
TOTAL	5,682.83	52.16	9.13	13.35	15.00	5,772.47

7.2. Cash and cash equivalents

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As at
Particulars
31 [st] March 2025
a) Balances with banks
in current accounts 48.53
in deposit accounts 13,284.86
in margin money deposit accounts 36.69
debit balance in cash credit accounts 917.87
b) Cash on hand 10.11
TOTAL 14,298.06
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The deposits maintained by the company with the banks comprise time deposits, which can be withdrawn without prior notice or penalty on the principal.

7.3. Other bank balances

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As at
Particulars
31 [st] March 2025
Earmarked balances with banks
Unpaid dividend accounts 35.42
Margin money deposit accounts 103.38
TOTAL 138.80
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7.4. Loans (current)

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As at
Particulars
31 [st] March 2025
Unsecured, considered good
Staff Loans 18.18
TOTAL 18.18
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All amounts in Rs.lakhs, unless otherwise stated

7.5. Other financial assets (current)

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As at
Particulars
31 [st] March 2025
Interest accrued on deposits and others 168.97
Power and Sales tax incentive receivable 19.65
Banked energy 280.04
Deposits with government 14.00
TOTAL 482.66
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8. Current tax assets (net)

Particulars	As at 31st March 2025
Advance tax(net ofprovision)	14.34
TOTAL	14.34

8.1 Movement of Current tax assets (net)

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As at
Particulars
31 [st] March 2025
Opening balance 408.96
TDS pertaining to previous year 19.28
Advance tax and TDS of current year 361.46
Provision for income tax of current year (347.12)
Tax refunds received (428.24)
Closing balance 14.34
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9. Other current assets

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As at
Particulars
31 [st ] March 2025
Prepaid expenses 318.96
Advances to suppliers 3,513.01
Earnest money deposits 25.52
TOTAL 3,857.49
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10. Equity share capital

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As at
Particulars
31 [st ] March 2025
AUTHORIZED
2,00,00,000 equity shares of Rs. 5/- each 1,000.00
(P.Y - 2,00,00,000 equity shares of Rs. 5/- each)
TOTAL 1,000.00
ISSUED, SUBSCRIBED & PAID-UP CAPITAL
1,40,07,500 equity shares of Rs. 5/- each 700.38
(P.Y - 1,40,07,500 equity shares of Rs. 5/- each)
TOTAL 700.38
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~~188~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(A) Movement in equity share capital:

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Number
Particulars
of shares
Balance at April 1, 2023 14,007,500
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Movement in equity share capital: Particulars Balance at April 1, 2023	Number of shares 14,007,500
Movement during the year	-
Balance at March 31, 2024	14,007,500
Movement during the year	-
Balance at March 31, 2025	14,007,500

(B) Details of shareholders holding more than 5% shares in the Company

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As at 31st March, 2025
Name of the shareholder No. of Shares % holding
----- End of picture text -----

Melvillie Finvest Private Limited	4,868,712	34.76
DCL Exim Private Limited	1,230,828	8.79
Lakshmi Manthena	1,692,256	12.08
Fidelity Investment Trust Fidelity Emerging Market’s	730,039	5.21
DiscoveryFund

(C) Terms/Rights attached to equity shares

The Company has only one class of equity shares having a face value of Rs. 5/- each (P.Y Nil). Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividends in Indian Rupees. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing Annual General Meeting. In the event of liquidation of the Company, the equity shareholders will be entitled to receive remaining assets of the company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders.

(D) Shares alloted as fully paid pursuant to contract without payment being received in cash or as fully paid up bonus shares during the period of five years immediately preceding 31st March, 2025: Nil

(E) (i) Shareholding of promoters at the end of March 31, 2025

Name of the promoter	No. of shares	% of total shares	% of change during theyear
Lakshmi Manthena	1,692,256	12.08%	0.00%
Parvathi Penmetcha	38,006	0.27%	0.00%
Melvillie Finvest Private Limited	4,868,712	34.76%	0.00%
Dcl Exim Private Limited	1,230,828	8.79%	0.00%
Anirudh Raju Penmetcha	23,406	0.17%	0.00%
Aishwarya Penmetcha	21,500	0.15%	0.00%
P Varun Raju Kumar	2,000	0.01%	0.00%
P V R Raju	1,600	0.01%	0.00%
Venugopal Raju Penmetcha	600	0.00%	0.00%
Total	7,878,908	56.24%	0.00%

~~189~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

11. Other equity

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As at
Particulars
31 [st] March 2025
Reserves and surplus
Securities premium 1,250.14
General reserve 4,639.52
Retained earnings 65,652.52
TOTAL 71,542.18
Retained earnings
As at
Particulars
31 [st] March 2025
Opening balance 65,307.45
Add: Profit for the year 751.85
Less: Dividend (420.23)
Add: Items of other comprehensive income/(loss) recognised directly in retained
earnings
- Remeasurements of defined benefit plans (net of tax) 13.45
Closing balance 65,652.52
Nature and purpose of other reserves
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(i) Securities premium

Securities premium is used to record the premium on issue of shares. The reserve can be utilized in accordance with the provisions of the Companies Act, 2013.

(ii) General reserve

General reserve is used for strengthening the financial position and meeting future contingencies and losses.

(iii) Retained earnings

12.1. Borrowings (Non- current)

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As at
Particulars
31 [st ] March 2025
a) Secured loans
Equipment Loans from Banks 125.57
Term Loans from Banks 53,450.84
b) Unsecured loans
From directors 942.00
Inter corporate deposits from related parties 150.00
TOTAL 54,668.41
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~~190~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

i) Secured loans from banks:

The Company has availed term loans from Bank of Bahrain & Kuwait (BBK). The loan is repayable in 20 equal quarterly installments starting from Feb 2022. The loans are availed for the purchase of equipments and dumpers.

During the financial year 2022-23, the Company was sanctioned a term loan of Rs. 73000.00 lacs for setting up of clinker production unit (1.2 million tonnes per annum), Cement Grinding Unit (0.8 million tonnes per annum) and a split grinding unit (1 million tonnes per annum) at different locations, from State Bank of India, IDBI Bank Limited, Canara Bank and IndusInd Bank Ltd. The said term loan is modified to Rs. 67000.00 lacs. On company’s request, the lenders have extended date of completion of project from 31.12.2025 to 31.12.2026. The term loan is repayable in 28 equal quarterly instalments starting from the quarter June’26 and ending March’33 to all the bankers. Out of total loan sanctioned, the Company has drawn an amount of Rs. 53450.84 lacs upto 31st March’25.

ii) Security:

iii) Repayment Schedule with rate of interest:

Name of the bank	Rate of interest	2025-26	2026-27
Bank of Bahrain & Kuwait	9.45%	75.16	56.37
Bank of Bahrain & Kuwait	9.45%	92.26	69.20

Name of the bank		Rate of interest	From 2026-27 to 2032-33 (each year)
State Bank of India		8.80%	4,914.29
IDBI Bank Limited		8.85%	1,642.86
Canara Bank		9.00%	1,642.86
IndusInd Bank Limited		8.35%	1,371.43

Unsecured loans:

~~191~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

13. Provisions (non-current)

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As at
Particulars
31 [st ] March 2025
Employee benefits
Gratuity 339.66
Leave encashment 157.63
Others
Mine closure activities 67.62
TOTAL 564.91
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Movement in Other provisions

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----- Start of picture text -----

As at
Particulars
31 [st ] March 2025
Opening balance 61.60
Add : Interest added during the year 6.02
Closing balance 67.62
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14. Deferred tax liabilities (net)

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As at
Particulars
31 [st ] March 2025
(i) Deferred tax liabilities on account of:
WDV of assets 5,581.21
(ii) Deferred tax assets on account of:
Expenses allowable on payment basis, investments etc., 178.38
Deferred tax liabilities (net) (i) -(ii) 5,402.83
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Movement in deferred tax liabilities (net)

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Expenses allowable on payment
Particulars WDV of assets
basis and investments
As at 01 [st] April, 2023 5,455.22 168.33
(Charged )/Credited
to Statement of profit and loss (5.76) (123.35)
to Other comprehensive income - (16.46)
As at 31 [st ] March, 2024 5,449.46 28.51
(Charged )/Credited
to Statement of profit and loss 131.76 154.39
to Other comprehensive income - (4.52)
As at 31st March, 2025 5,581.21 178.38
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~~192~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

15. Borrowings

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As at
Particulars
31 [st] March 2025
Secured
Repayable on demand
Working capital loans from banks 14,739.80
Unsecured
Repayable on demand
From Banks -
From Others 1,825.97
Credit card payable -
Current maturities of long term debt
Equipment loans from banks 167.42
Sales tax deferment loan -
TOTAL 16,733.19
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The Company has availed corporate bill discounting facility from Receivables Exchange of India Ltd for making payments to the suppliers with a credit period of upto 90 days. For the Company’s exposure to the interest rate risk and liquidity risk, refer note no.34 to the Consolidated financial statements.

15.1. Trade payables

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As at
Particulars
31 [st] March 2025
Dues to micro enterprises and small enterprises 493.54
Dues to creditors other than micro enterprises and small enterprises 3,122.27
TOTAL 3,615.81
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Trade payables aging schedule

As at March 31,2025

Particulars	Outstanding for following periods from date of transaction
	Unbilled Less than 1 year 1-2 years 2-3 years More than 3 years Total*
(i) MSME (ii) Others (iii) Disputed Dues - MSME (iv) Disputed Dues - Others	17.30 476.69 - - - 970.68 1,355.64 1,766.63 - - - 4,888.90 - - - - - - - - - - - -
Total	1,372.94 2,243.32 - - - 5,859.58

There are no amounts outstanding for more than 180 days.

~~193~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

15.2. Other financial liabilities (current)

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As at
Particulars
31 [st] March 2025
Unpaid dividend 35.42
Interest accrued but not due on borrowings 211.31
Employee benefits payable 106.83
Expenses payable 164.75
Other recoveries payable 11.96
Security deposits from transporters and suppliers 818.83
Capital creditors 2,401.85
Security deposits from stockists and dealers 4,644.15
TOTAL 8,395.10
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Includes dues to micro and small enterprises of Rs. 33.25 lakhs (P.Y: Nil) and outstanding for less than 45 days.

16. Other current liabilities

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As at
Particulars
31 [st] March 2025
Advances from customers 237.80
Earnest money deposits 3.40
Statutory liabilities 476.26
-
Forest transit fee payable
TOTAL 717.46
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17. Provisions (current)

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||||
|---|---|---|
|As at|
|Particulars|
|31|[st]|March 2025|
|Employee benefits|
|Gratuity|128.79|
|Leave encashment|57.14|
|TOTAL|185.93|

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18. Revenue from operations

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Year ended
Particulars
31 [st] March 2025
Sale of products
(a) Cement 51,964.02
(b) adhesives 57.04
(c) Power
(Net of charges for wheeling and banking)
Wind 46.21
Hydel 529.24
Other operating revenues
Scrap sales 101.21
TOTAL 52,697.72
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Includes unbilled revenue

~~194~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

19. Other income

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Year ended
Particulars
31 [st] March 2025
Interest income on bank deposits and others at amortised cost 1,060.72
Dividend income 0.55
Profit on sale of property, plant and equipment 312.36
Liabilities no longer required written back 221.19
Miscellaneous income 19.07
Rental income 2.57
Amortisation of revenue grant -
Net gain on fair value changes of investment designated at FVTPL -
Net gain on sale of investment property -
Gain on derecognition of lease liabilities 3.44
TOTAL 1,619.90
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20. Cost of materials consumed

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Year ended
Particulars
31 [st] March 2025
Raw materials consumed:
Lime stone 1,871.43
Iron ore 674.51
Gypsum 1,554.55
Fly ash 2,772.79
Laterite 301.18
Sub Total 7,174.46
Less : Internal Consumption 219.32
TOTAL 6,955.14
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21. Changes in inventories of finished goods, work-in-progress and stock-in-trade

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Year ended
Particulars
31 [st] March 2025
Opening inventories
Finished goods 448.24
Work-in-progress 1,852.79
Stock-in-trade 0.00
(A) 2,301.03
Closing inventories
Finished goods 407.48
Work-in-progress 2,084.17
Stock-in-trade 9.73
(B) 2,501.38
-
TOTAL (A B) (200.35)
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~~195~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

22. Employee benefits expense

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Year ended
Particulars
31 [st] March 2025
Salaries, wages and bonus 2,623.87
Contribution to provident and other funds 317.68
Staf welfare expenses 126.41
TOTAL 3,067.96
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23. Finance costs

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Year ended
Particulars
31 [st] March 2025
Interest on borrowings 1,160.64
Interest on lease liabilities 6.04
Other borrowing costs 102.47
Interest cost on mine closure 6.02
TOTAL 1,275.17
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24. Depreciation and amortization expense

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Year ended
Particulars
31 [st] March 2025
Depreciation of property, plant and equipment 2,644.55
Depreciation on investment property -
Amortisation of intangible assets 132.49
Amortisation of right-of-use assets 30.67
TOTAL 2,807.71
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25. Other expenses

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||||
|---|---|---|
|Year ended|
|Particulars|
|31|[st]|March 2025|
|Consumption of stores and spares|2,490.28|
|Consumption of packing materials|2,189.80|
|Labour charges|576.26|
|Operating and maintenance charges|504.70|
|Repairs and maintenance|
|Buildings|86.99|
|Plant and equipment|201.22|
|Others|372.19|
|Travelling and conveyance|101.14|
|Printing and stationery|13.25|
|Communication expenses|23.80|
|Legal and professional charges|168.52|
|Bank charges|8.00|
|Insurance|142.59|
|Auditor’s remuneration|19.10|
|Rent|1.00|

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~~196~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

Particulars	Year ended 31st March 2025
Rates and taxes	101.56
Donations	-
Security service charges	152.81
Corporate social responsibility expenses	159.08
Sales promotion and other selling expenses	477.27
Net loss on fair value changes of investment designated at FVTPL	1.19
Provision for bad and doubtful debts	8.75
Net loss on sale of property, plant and equipment	-
Environmental protection expenses	213.87
Miscellaneous expenses	93.85
TOTAL	8,107.22

26. Reconciliation of tax expenses and the accounting profit multiplied by tax rate

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Year ended
Particulars
31 [st] March 2025
Consolidated Profit before income tax expense 1,074.08
Loss of subisidiary not to be considered (1.46)
Profit before income tax expense (Net) 1,075.54
Enacted tax rate in India 25.168%
Computed tax expense 270.69
Effect of non-deductible expense 756.19
Effect of allowances for tax purpose (679.76)
Effect of deferred tax (22.64)
Effect of earlier year’s tax (2.25)
Tax expense 322.23
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27. Ind AS 115 – Revenue from Contracts with Customers

(A) Reconciliation of revenue as per contract price and as recognised in statement of profit and loss:

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Year ended
Particulars
31 [st] March 2025
Revenue from contract with customer as per contract price 64,041.07
Less: Discounts and Incentives 11,418.20
Less: Sales Returns/Credits/Reversals 26.36
Revenue from contract with customer as per statement of profit and loss 52,596.51
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The Company does not provide performance warranty for products, therefore there is no liability towards performance.

~~197~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

The Company does not have any material performance obligations which are outstanding as at the year end as the contracts entered for sale of goods are for short term in nature.

(B) Contract balances

The following table provides information about the receivables, contract assets and contract liabilities from contracts with customers:

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----- Start of picture text -----

Year ended
Particulars
31 [st] March 2025
Trade receivables 5,772.45
Contract liabilities 237.80
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Trade receivables are the amounts receivable by the Company from the Revenues from Contracts with customers and other revenues.

The contract liabilities primarily relate to the advance consideration received from customers.

28. Notes forming part of the Consolidated Financial Statements for the year ended 31st March 2025

(i) Leave obligations

The leave obligation covers the company’s liability for earned leave which is unfunded.

(ii) Defined contribution plans

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Particulars 31 March 2025
Company’s contribution to provident fund 161.27
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(iii) Post- employment obligations

a) Gratuity

The following table sets out the amounts recognised in the consolidated financial statements in respect of gratuity plan

~~198~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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Year ended
Particulars
31 [st] March 2025
Change in defined benefit obligations:
Obligation at the beginning of the year 665.53
Current service costs 54.69
Interest costs 45.89
Remeasurement (gains)/losses (16.29)
Benefits paid (58.25)
Obligation at the end of the year 691.57
Change in plan assets:
Fair value of plan assets at the beginning of the year 159.86
Interest income 12.92
Remeasurement (gains)/losses 1.69
Employer’s contributions 106.93
Benefits paid (58.25)
Fair value of plan assets at the end of the year 223.15
Expenses recognised in the statement of profit and loss consists of:
Employee benefits expense:
Current service costs 54.69
Net interest expenses 32.97
Benefits paid 59.09
146.75
Other comprehensive income:
(Gain)/loss on plan assets (1.69)
Actuarial (gain)/loss arising from changes in financial assumptions 17.36
Actuarial (gain)/loss arising from changes in experience adjustments (33.65)
(17.98)
Expenses recognised in the statement of proft and loss 128.77
Amounts recognised in the balance sheet consist of
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Year ended
Particulars
31 [st] March 2025
Fair value of plan assets at the end of the year 223.15
Present value of obligation at the end of the year 691.57
Recognised as
Retirement benefit liability - Non-current 339.66
Retirement beneft liability - Current 128.79
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Fair value of plan assets --- 100% with LIC of India

Expected contribution to post-employment benefit plan of gratuity for the year ending 31[st] March 2026 is Rs. 96 Lakhs.

~~199~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

iv) Significant estimates and sensitivity Analysis

The sensitivity of the defined benefit obligation to changes in key assumptions is:

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----- Start of picture text -----

Defned beneft obligation
Key
Increase in assumption Decrease in assumption
assumptions
Particulars by by
31 [st] March 31 [st] March 31 [st] March
Rate Rate
2025 2025 2025
Discount rate 6.79% 1% 651.70 1% 736.89
Salary growth rate 7.00% 1% 739.87 1% 647.89
Mortality rate 100.00% 10% 691.59 10% 691.62
Attrition rate 3.00% 1% 690.22 1% 693.07
----- End of picture text -----

v) Risk exposure

Through its defined benefit plans, the Group is exposed to a number of risks, the most significant of which are detailed below:

Interest rate risk:

The defined benefit obligation calculated uses a discount rate based on government bonds. If bond yields fall, the defined benefit obligation will tend to increase.

Salary inflation risk:

Higher than expected increases in salary will increase the defined benefit obligation.

Demographic risk:

~~200~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

29. Contingent Liabilities

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S. As at
No [Particulars] 31 [st] March 2025
i. Sales tax matters:
Sales tax demand for the deemed excess production based on the
Energy audit for the years 1999-2000 & 2000-01. Stay has been granted 85.68
by the High court of Telangana in SPLA 1/2007 and SPLA 2/2007 ,
matters are pending for hearing.
ii. Water Usage Rate:
The A.P. Government has issued a G.O. Ms.No 39, levying water
cess on the quantum of water used in the generation of power and
demanded payment of Rs.723.29 Lakhs for the period 1997 to February
2008. Company has filed Writ Petition 2816/2003 before the Hon’ble
Andhra Pradesh, and the matter is pending.
Further, the Irrigation & CAD Department, Govt. of AP vide their letter
dated 15.06.2017 to the Company have stated that total demand upto
February 2017 was Rs.15,92,21,667/- calculated as per the GOMs.
No 39, out of which Rs.63,91,508/- had been paid as per the old
calculations, and Balance was shown as Rs.15,28,30,159/-. Ministry
of Power, Government of lndia, vide File No. 15127 12023-Hydel-ll
(MoP), Dated 25th April 2023 addressed to The Chief Secretaries - All 2,162.01
the State Governments & UTs, in connection with imposition of Water
Tax / Cess by various State Government on HEPs, stated that “Hydro
Power Projects do not consume water to produce electricity. Electricity
is generated by directing the flow of water through a turbine which
generates electricity- on the same principle as electricity from wind
projects where wind is utilized to turn the turbine to produce electricity.
Therefore, there is no rationale for levy of “water cess” or “air cess”. The
levy of water cess is against the provisions of the Constitution Entry-17
of List-ll, does not authorize the State to levy any tax or duty on water.
ln light of the above constitutional provisions no taxes / duties may be
levied by any State under any guise on generation of electricity and if
any taxes / duties have been so levied, it may be promptly withdrawn.”
iii. Electricity Duty:
Duty on electricity generated and consumed was levied by the AP Govt
at 25 paise per unit from 17-07-2003 to 23-5-2013. As per the directions
of Hon’ble Supreme Court, subject to outcome of the SLP 18363/2016 230.00
(WP 6340/2004), the company has paid 15 paisa per unit generated
and consumed out of total duty of 25 paisa per unit. (22,97,61,497 Units
x 10 paisa per unit = Rs.2,29,76,150)
iv. Entry Tax:
Levy of entry tax on the purchase of certain goods from FY 2012-13 to 18.38
FY 2016-17. Appeals are pending before Appellate Tribunal. 50% of the
disputed amount has been paid before fling the appeals.
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~~201~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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S. As at
No [Particulars] 31 [st] March 2025
v. Voltage Surcharge Matter:
Difference in the voltage surcharge charged by AP Transco for the
period from Jan 1999 to Mar 2000 for which the company has filed WP
25326/1999, WP 595/2000, WP 2635/2000, WP 6802/2000 before the
Hon’ble Telangana High Court, wherein the Hon’ble single judge bench
passed the order favouring to APTRANSCO. Accordingly, the Company Nil
has paid entire demand of Rs.109.94 Lakhs and filed Writ Appeals.
After hearing the Writ Appeals the division bench of Hon’ble Telangana
High Court has set aside the order of single judge and remanded the
matter for fresh adjudication. Accordingly, the Writ Petitions are active
and pending for hearing. As the entire demand of Rs.109.94 lakhs has
already been paid under protest, there is no contingent liability.
vi. Wheeling Charges:
(A) Consequent to the judgement passed by the Hon’ble Supreme
court, the Company had made a provision of Rs.962.41 Lakhs
towards Wheeling Charges during the financial year 2019–2020.
The Company has reversed excess provision of Rs.124.12 Lakhs
during FY 2024-25.
(B) The company has received demand notice from TSSPDCL for
Rs.2,336.05 Lakhs (including interest of Rs.1,725.76 Lakhs). The
Company has filed Writ Petition 31170/2021 challenging the levy
of interest. The Hon’ble High Court of Telangana put a stay on the
interest portion of Rs.1,725.76 Lakhs till further order, whereas,
as per the directions of the Hon’ble High Court of Telangana, the
Company has paid the entire differential Wheeling Charges of
Rs.726.64 Lakhs to TSSPDCL.
(C) The Company had received demand of Rs.101.62 Lakhs from
APCPDCL for differential Wheeling Charges for the period 2014- 1,725.76 (Disputed
Interest Amount)
15 to 2018-19. However, on the representation by the Company,
APCPDCL has revised the demand to Rs.22.04 Lakhs, subject
to verification/reconciliation. Accordingly, the Company has paid
Rs.22.04 Lakhs to APCPDCL on 18.09.2020.
(D) The Company had received demand of Rs.10.03 Lakhs from APSPDCL
for the differential Wheeling Charges for FY 2015-16. The Company
has paid the said amount on 11.11.2022.
Transmission Charges:
(E) APTRANSCO has issued an Invoice for Rs.138.19 Lakhs towards
Transmission Charges from 2004-14. The Company made
a provision for the said amount in FY 2020-21. However, the
Company raised a dispute on method of calculation of Transmission
Charges. In this connection, an application (OP 33/2022) was filed
by APTRANSCO before the Hon’ble APERC to decide on method
of calculation of Transmission Charges.
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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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S. As at
No [Particulars] 31 [st] March 2025
Pending the matter before the APERC, M/s. Sudha Agro Oils &
Chemicals Ltd. has filed a Writ Petition before the Hon’ble High
Court of AP questioning the action of the APTRANSCO. Therefore,
on 29.11.2023, the APERC closed the matter in OP 33 of 2022
stating that as the issues raised in this OP are the subject matter
of the Writ Petition before the Hon’ble High Court and also the fact
that the petitioners are seeking to revise the demands, it is not
appropriate to decide this OP, on merits, at this stage. Accordingly,
the OP is closed.
(F) As per APTRANCO Letter Lr.No./CGM/Comml/GM/Comml/DGM-
Comm/ DEE-OA/F- Wheeling Gen /D.No. 270/23, dt: 12.07.2023,
on 4th August 2023 we have paid an amount of Rs.53,02,224/-
to APTRANSCO towards Undisputed Transmission charges on
delivered energy during FY 2004-05 to FY 2013-14: Rs.24,63,324/-,
and 25% on the Balance Total Demand of Rs.1,38,18,924/- towards
Transmission charges pertaining to the period FY 2004-05 to FY
2013-14 calculated on installed capacity [25% on (Rs.1,38,18,924
– Rs.24,63,324) = Rs.28,38,900/-]
vii. Wheel Loader Matter:
The Joint Commissioner, Office of the Commissioner of Customs,
Chennai-II (Imports) in their adjudication order F.No.ADJ/ADC/677/2022-
GR 5 DATE:09-03-2023, have confirmed the demand of differential
duty amounting to Rs.14,35,420/-, confirmed the accrued interest of
Rs.2,76,659/-, imposed redemption fine of Rs.5,00,000/- in terms of
provisions of 125(1) of the Customs Act, 1962, and imposed a penalty 24.12
of Rs.17,12,079/- under section 114A of the Customs Act, 1962, and
imposed a penalty of Rs.2,00,000/- in terms of 114AA of the Customs
Act, 1962, and appropriated of the amount of Rs.17,12,079/- paid vide
TR-6 Challan No. MCM 1001810 dated 10.01.2022 deposited by the
Company towards differential duty and interest. The Company has filed
-
appeal before the Commissioner of Customs (Appeals II).
viii Income tax:
The Company has received re-assessment order for AY 2015-16 by
making an addition of Rs. 3,97,68,148/- to Income, and issued demand
notice for Rs.2,75,08,974/-. The Company has filed an appeal before
the National Faceless Appeal Centre, New Delhi against the order
passed by the assessing officer. 248.09
In this connection, the Company has filed a stay application before the
Principal Commissioner of IT for collection of taxes. The said authority
has passed order stating that“Subject to payment of Rs.27 Lakhs in two
instalments (February and March 2025) and the balance amount is stayed
till 31st October 2025”. Accordingly, the Company has paid Rs.27 Lakhs.
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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S. As at
No [Particulars] 31 [st] March 2025
ix. GST Matters:
(A) The Joint Commissioner (GST Commissionerate, Hyderabad)
has issued a demand Notice for an amount of Rs.28.77 Lakhs for
28.77
non-payment to creditors within 180 Days and delay in filing GST
Returns. The Company is in process of filing an appeal before the
appellate authority.
(B) The Company has participated in Tender process for E Auction of
Mining lease for Lime Stone Block at Rata Mandha-1A (RM-1A),
Tehsil Shri Mohangarh District, Jaisalmer in the State of Rajasthan
conducted by Department of Mines & Petroleum, Government
of Raj asthan, Directorate of Mines & Geology, Udaipur, and the
Company has been declared as the Preferred Bidder. As per
the Tender Process, upon declaration of Preferred Bidder, the
Company had total amount of Upfront Payment of Rs.2,145.14
Lakhs. The Company had filed an application before the Rajasthan 386.12
ARR seeking Advance Ruling on certain matters, including the
query, whether GST is payable on Upfront Payment of instalments.
The ARR pronounced that GST is payable on upfront payment.
Against the said order, the Company had filed appeal before the
Appellate Authority for ARR. The appellate authority has rejected
the appeal filed by the Company. The Company has filed Writ
Petition before the Hon’ble High Court of Rajasthan at Jaipur. GST
on Rs. 2,145.14 Lakhs come to Rs. 386.12 Lakhs.
(C) Suppliers had wrongly reported B2B supply in Form GSTR 01 as
B2C supply, for the tax period 2017-18. The adjudicating authority
passed the order demanding a total amount of Rs.15.97 Lakhs. The 15.05
Company has pre-deposited Rs.0.92 Lakhs and filed an Appeal
before the Appellate Additional Commissioner (ST) at Vijaywada.
x. Mineral Bearing Land Infrastructure Cess:
The Company had filed the WP before the Hon’ble High Court of
Telangna and got the Stay order on collection of cess under the 381.20
provisions of the Andhra Pradesh Mineral Bearing Lands Infrastructure
Cess Act 2005 over the Limestone Mineral used by the Company. The
Writ Petition is pending before the Hon’ble High Court.
xi. Steam Coal Case:
The Company had imported 25,000 MTs of coal from different suppliers
and cleared the same classifying under CTH 2701 1920 claiming the
same as “Steam Coal”. The Company claimed the benefit of exemption
Notification No. 12/2012-Cus. Dated 17.03.2012 (SI. No. 123 as
amended). On the ground that the calorific value of coal imported by
the Company was greater than 5833 kcal/kg and its volatile matter
exceeded 14%, the Commissioner of Customs, Central Excise and
Service Tax, Guntur, the Adjudicating Authority passed the order that the
coal imported by the Company was correctly classifiable as Bituminous
coal under CTH 2701 12 00.
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NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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S. As at
No [Particulars] 31 [st] March 2025
Therefore, the Company was liable to duty as provided for SI. No. 124
in the notification ibid. Initially, the Company had paid Rs.1.00 crore on
12.11.2012.
Again, before the adjudication order was passed, the Company had
paid entire differential duty of Rs.1,42,42,498 along with interest to the
Commissioner of Customs, Guntur.
However, the Commissioner of Customs in OIO No. 38/2013- Customs
dated 28.11.2013, passed the order that the Company required to pay
an amount of Rs. 1,42,42,498/- as differential duty and imposed a
penalty of Rs. 1,55,27,200/-.
Against the said adjudication order passed by the Commissioner,the 155.27
Company had filed Appeal No. C/20762/2014-DB, and Stay Application
No. C/Stay/2084/2014 before the CESTAT, Bangalore
CESTAT, Bangalore on 03.07.2014 passed the final order in 21062/2014
wherein they upheld the decision of the Adjudicating Authority as far as
demand for customs duty and interest thereon. Whereas, they set aside
the penalty and redemption of fine. Department has filed the appeal
(CEA-85/2015) before the High Court of AP to set aside the CESTAT’s
Final Order No 21062/2014 dt. 03-07-2014 to the extent of dropping the
penalty and redemption of fine against the Company, which amounts to
Rs.1,55,27,200/-.
xii. District Mineral Foundation Fund:
The Industries Dept. and Mines & Geology Dept. vide their letter No
1046/P/2015SF dated 29.01.2016 had demanded M/s Singareni
Collieries Company Limited for the Contribution towards District Mineral
Foundation in respect of mining of coal retrospectively from 12.01.2015.
Consequently, M/s Singareni Collieries Company Limited, with whom
the Company has entered into Fuel Supply Agreements, through their 391.50
price Notification No. 66/201516, dated 09.02.2016 has raised a demand
of Rs.391.50 Lakhs towards District Mineral Foundation Contribution at
30% of the Royalty charged for the supply of coal from 12.01.2015 to
09.02.2016. The said demand was challenged by the Company in the
High Court of Andhra Pradesh and Telangana. The Hon’ble High Court
stayed the demand.
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30. Commitments

Capital and Other commitments

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Particulars 31 [st] March 2025
Estimated amount of contracts remaining to be executed on capital account not 7,172.39
provided for (net of advances)
Other commitments
- As per action plan of MoEF -
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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

31. Related party transactions

Names of related parties and nature of relationship

Names of the related parties Nature of relationship i) Key Management Personnel (KMP): Ms. P.Parvathi Chairperson & Managing Director, Director of Subsidiary Company Mr. S.Venkateswarlu Wholetime Director, Director of Subsidiary Company Mr. D.Raghava Chary Chief Financial Officer Mr. Bikram Keshari Prusty Company Secretary, Director of Subsidiary Company Mrs.Mahpara Ali Independent Director Mr.P.Srinivasa Rao Independent Director (From 01[st] April 2024) Mr. Rabindra Srikanthan Independent Director (From 01[st] April 2024) Mr. Srivari Chandrasekhar Independent Director (From 28[th] May 2024) Mr.K.P.Singh Independent Director (Upto 11[th] July 2024) ii) Enterprises in which KMP and/or their close members have significant influence/control: Melvillie Finvest Private Limited DCL Exim Private Limited iii) Close members of related party: Ms. M.Lakshmi Mother of Ms. P.Parvathi Mr. P.Anirudh Raju Son of Ms. P.Parvathi Ms. P.Aishwarya Daughter of Ms. P.Parvathi Mr. P V R Raju Spouse of Ms. P.Parvathi iv) Wholly owned subsidiary Deccan Swarna Cements Private Limited (w.e.f 13-03-2024)

Details of transactions during the year where related parties:

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Year ended
Names of the related parties Nature of Transactions
31 [st] March 2025
Key Management Personnel Short-term employee benefits 334.00
Key Management Personnel Post employment benefits -
Melvillie Finvest Private Limited Dividend 146.06
Ms. P.Parvathi Dividend 1.14
Ms. M Lakshmi Dividend 50.77
Mr. P.Anirudh Raju Dividend 0.70
DCL Exim Private Limited Dividend 36.92
Ms. P.Aishwarya Dividend 0.65
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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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Year ended
Names of the related parties Nature of Transactions
31 [st] March 2025
Mr. P V R Raju Dividend 0.05
Mr. P.Anirudh Raju Salary 28.07
Ms. P.Parvathi Interest on unsecured loan@ 76.53
Receipt of unsecured loan 92.00
DCL Exim Private Limited Interest on unsecured loan@ 13.47
Ms. M Lakshmi Rent paid 24.00
Mr. D.Raghava Chary Staff Advance 2.00
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Post employment benefits are actuarially determined on overall basis and hence not seperately provided. @ Interest is paid at monthly floating rate of the bank upto Feb’2025 and @ 7.5% p.a. from March 2025.

Details of outstanding balances as at the year end where related party relationship existed:

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Year ended
Names of the related parties Nature
31 [st] March 2025
Key Management Personnel Short-term employee benefits payable -
Unsecured loan 942.00
DCL Exim Private Limited Unsecured loan *** 150.00
Mr. D.Raghava Chary Staff Advance 1.39
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** Short-term employee benefits to be settled in cash with no credit period.

*** The amount of outstanding balances as shown above are unsecured and will be settled/recovered in cash

32. Earnings per equity share (EPS)

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Particulars 31 [st] March 2025
Profit for the year (Rs. in lakhs) 751.85
Number of equity shares (in number) 1,40,07,500
Weighted average number of equity shares in calculating basic and diluted EPS 1,40,07,500
Face value per share (Rs.) 5.00
Basic and diluted earnings per share (EPS) (Rs.) 5.37
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33. Financial instruments and risk management

Fair values

The carrying amounts of trade payables, other financial liabilities (current), borrowings (current), lease liabilities, trade receivables, cash and cash equivalents, other bank balances, other financial assets and loans are considered to be the same as fair value due to their short term nature.

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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(i) Categories of financial instruments

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31 [st] March 2025
Particulars Level Carrying
Fair value
amount
Financial assets
Measured at amortised cost:
Non-current
Investments 3 0.10 0.10
Other financial assets 3 3,611.59 3,611.59
Loans 3 0.00 0.00
Current
Trade receivables 3 5,772.45 5,772.45
Cash and cash equivalents 3 14,298.06 14,298.06
Other bank balances 3 138.80 138.80
Loans 3 18.18 18.18
Other financial assets 3 482.66 482.66
Measured at fair value through profit and loss
Non-current
Investments 1 15.83 15.83
Total 24,337.67 24,337.67
Financial liabilities
Measured at amortised cost
Non-current
Borrowings 3 54,668.41 54,668.41
Lease liabilities 3 2.52 2.52
Current
Borrowings 3 16,733.19 16,733.19
Trade payables 3 3,615.81 3,615.81
Lease liabilities 3 10.69 10.69
Other fnancial liabilities 3 8,395.10 8,395.10
Total 83,425.72 83,425.72
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*Fair value of instruments is classified in various fair value hierarchies based on the following three levels:

Level 1: Level 1 hierarchy includes financial instruments measured using quoted prices.
Level 2: The fair value of financial instruments that are not traded in an active market is determined using valuation techniques, which maximise the use of observable market data and rely as little as possible on entity specific estimates. If significant inputs required to fair value an instrument are observable, the instrument is included in Level 2.
Level 3: If one or more of the significant inputs are not based on observable market data, the instruments are included in Level 3.

Management uses its best judgement in estimating the fair value of its financial instruments. However, there are inherent limitations in any estimation technique. Therefore, for substantially all financial instruments, the fair value estimates presented above are not necessarily indicative of the amounts that the Company could have realized or paid in sale transactions as of respective dates. As such, the fair value of financial instruments subsequent to the reporting dates may be different from the amounts reported at each reporting date.

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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(A) Market risk

The analysis excludes the impact of movements in market variables on the carrying values of financial assets and liabilties .

The sensitivity of the relevant profit or loss item is the effect of the assumed changes in respective market risks. This is based on the financial assets and financial liabilities held at 31 March 2025 and 31 March 2024.

(i) Foreign currency exchange rate risk

(ii) Sensitivity

The sensitivity of profit or loss to changes in the exchange rates arises mainly from foreign currency denominated financial instruments and from foreign forward exchange contracts:

Foreign currency exposure (EURO)

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As at
Particulars
March 31 [st] , 2025
Capital advances 2,737.98
Net exposure to foreign currency risk 2,737.98
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~~209~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

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Increase/(decrease) in profit Increase/(decrease) in other
Particulars before tax components of equity
31 [st ] March 2025 31 [st ] March 2025
Change in EURO
1% increase 27.38 20.49
1% decrease (27.38) (20.49)
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(ii) Interest rate risk

As the Company has no significant interest bearing assets, the income and operating cash flows are substantially independent of changes in market interest rates.

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Increase/(decrease) in profit Increase/(decrease) in other
Particulars before tax components of equity
31 [st ] March 2025 31 [st ] March 2025
Change in interest
rate
increase by 100 (106.88) (79.98)
basis points
decrease by 100 106.88 79.98
basis points
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The assumed increase/decrease in interest rate for sensitivity analysis is based on the currently observable market environment.

(B) Credit Risk

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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

exposure to credit risk is influenced mainly by the individual characteristics of each customer. However, management also considers the factors that may influence the credit risk of its customer base, including default risk associate with the industry and country in which customers operate. Credit quality of a customer is assessed based on an extensive credit rating scorecard and individual credit limits are defined in accordance with this assessment. With respect to other financial assets viz., loans & advances, deposits with government and banks, the credit risk is insignificant since the loans & advances are given to employees only and deposits are held with government bodies and reputable banks. The credit quality of the financial assets is satisfactory, taking into account the allowance for credit losses.

Credit risk on trade receivables and other financial assets is evaluated as follows:

(i) Expected credit loss for trade receivable under simplified approach:

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Particulars 31 [st] March 2025
Gross carrying amount 5,807.01
Expected credit loss (34.55)
Carrying amount of trade 5,772.46
receivables
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(ii) Expected credit loss for financial assets where general model is applied

The financial assets which are exposed to credit are loans to employees.

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Particulars 31 [st] March 2025
Estimated gross
Asset group carrying amount
at default
Gross carrying amount
Staff Loans 18.18
18.18
Expected credit losses -
Net carrying amount
Staff Loans 18.18
Total 18.18
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(ii) Reconciliation of loss allowance provision

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Particulars Trade receivables
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Loss allowance as at 01 April 2023	31.98
Changes in loss allowance during the year	(6.18)
Loss allowance as at 01 April 2024	25.80
Changes in loss allowance during the year	8.75
Loss allowance as at 31 March 2025	34.55

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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

(iii) Significant estimates and judgements

Impairment of financial assets:

(C) Liquidity risk

Management monitors cash and cash equivalents on the basis of expected cash flows.

(i) Financing arrangements:

The company had access to the following undrawn borrowing facilities at the end of the reporting period

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As at
Particulars
31 [st] March 2025
Expiring within one year (bank overdraft and other facilities) 6,510.00
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(ii) Maturities of financial liabilities

Contractual maturities of financial liabilities as at :

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31 [st] March 2025
Particulars
Less than 12 months More than 12 months
Borrowings 16,733.19 54,668.41
Trade payables 3,615.81 -
Lease liabilities 10.69 2.52
Other financial liabilities 8,395.10 -
Total 28,754.79 54,670.93
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(iii) Management expects finance cost to be incurred for the year ending 31 March 2026 to be Rs. 2,802.98 Lakhs.

34. Capital management

A. Capital management and gearing ratio

The company manages its capital structure and makes adjustments in light of changes in economic conditions and the requirements of the financial covenants.

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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

The company monitors capital using a gearing ratio, which is debt divided by total capital. The company includes within debt, interest bearing loans and borrowings.

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Particulars 31 [st] March 2025
Borrowings
Current 16,733.19
Non current 54,668.41
Debt 71,401.60
Equity
Equity share capital 700.38
Other equity 71,542.18
Total capital 72,242.56
Gearing ratio in % (debt/ equity) 98.84%
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No changes were made in the objectives, policies or processes for managing capital during the years ended 31[st] March 2025 and 31[st] March 2024.

B. Dividends

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Particulars 31 [st] March 2025
Dividends recognised
For the year ended, the directors have recommended final dividend of INR 84.05
0.60/- per fully paid equity share (March 31, 2024 - INR 3.00/-). This proposed
dividend is subject to the approval of shareholders in the ensuing annual gen-
eral meeting, hence the same is not recognised.
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35. Segment information:

a) The Company’s Executive Chairman, Managing Director and Chief Financial Officer examine the Company’s performance from a product perspective and have identified two operating segments viz., Cement Division and Power Division. Operations of both the segments are based in India. As per the threshold limits prescribed under Ind AS 108 “Operating Segments”, the management has identified one reportable segment “Cement Division”. Other segment “Power Division” is below the threshold limits prescribed under Ind AS 108. Hence, segment reporting is not given.

b) Information about products:

Revenue from external customers - Sale of Cement : Rs. 52,021.06 Lakhs (P.Y: Nil)

Revenue from external customers - Sale of Power: Rs. 575.45 Lakhs (P.Y: Nil)

Revenue from external customers - Sale of Tile adhesives: Rs. 57.04 Lakhs (P.Y: Nil)

~~213~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

c) The Company has not made external sales to a single customer meeting the criteria of 10% or more of the entity’s revenue.

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36. Expenditure during construction period (included in CWIP): Amounts in Rs.
Particulars 31 [st] March 2025
Balance brought forward (A) 32,05,45,620
Expenditure incurred during the year
Employee benefits expense 3,40,26,952
Power and fuel 3,38,94,291
Interest on Term loan (Capitalisation rate : 7.16%) 38,28,80,290
Rates and taxes 5,00,000
Insurance 44,33,201
Professional, consultancy and legal expenses 54,68,653
Travelling and conveyance 43,19,593
Spares Consumption 1,46,48,692
Labour Charges 77,41,415
Miscellaneous 1,42,06,307
Total expenditure during construction period (B) 50,21,19,394
Less: Turnover (C) -
Less: Stocks of finished goods out of trial run production (D) -
Total (A+B-C-D) 82,26,65,013
Allocated to property, plant and equipment
Balance carried forward 82,26,65,013
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36. Expenditure during construction period (included in CWIP):

37. The Board of Directors approved the consolidated financial statements for the year ended March 31, 2025 and authorised for issue on May 27, 2025.

38. Code on Social Security

The Indian Parliament has approved the Code on Social Security, 2020 which would impact the contributions by the company towards Provident Fund and Gratuity. The Ministry of Labour and Employment has released draft rules for the Code on Social Security, 2020 on November 13, 2020, and has invited suggestions from stakeholders which are under active consideration by the Ministry. The Company will assess the impact and its evaluation once the subject rules are notified and will give appropriate impact in its consolidated financial statements in the period in which, the Code becomes effective and the related rules to determine the financial impact are published.

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Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

All amounts in Rs.lakhs, unless otherwise stated

39. Additional information as required by Paragraph 2 of the General Instructions for Preparation of Consolidated Financial Statements to Schedule III of the Companies Act, 2013:

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Parent
Deccan Cements 100.00% 72,244.01 100.19% 753.30 100.00% 13.45 100.19% 766.75
Ltd
Subsidiary
Deccan Swarna 0.00% (0.45) -0.19% (1.45) 0.00% - -0.19% (1.45)
Cements Pvt Ltd
Non-controlling 0.00% - - - - - - -
interest
Less: Inter 0.00% 1.00 0.00% 0.00 0.00% - 0.00% 0.00
company
adjustment
Total 72,242.56 751.85 13.45 765.30
Net Asset i.e.total assets minus total liablities Share in profit or loss Share in other com- prehensive income Share in total com- prehensive income
As %
As % of net assets Amount Amount income Amount income Amount
consolidated profit or loss As % of total
of consolidated comprehensive comprehensive
Name of the entity in the Group
As % of consolidated other
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40. No funds have been advanced or loaned or invested (either from borrowed funds or share premium or any other sources or kind of funds) by the Company to or in any other person(s) or entity(ies), including foreign entities (“Intermediaries”) with the understanding, whether recorded in writing or otherwise, that the Intermediary shall lend or invest in party identified by or on behalf of the Company (Ultimate Beneficiaries). The Company has not received any fund from any party(s) (Funding Party) with the understanding that the Company shall whether, directly or indirectly lend or invest in other persons or entities identified by or on behalf of the Company (“Ultimate Beneficiaries”) or provide any guarantee, security or the like on behalf of the Ultimate Beneficiaries.

~~215~~

Annual Report 2024-25

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

41. The Company has used accounting software for maintaining its books of account, which has a feature of recording audit trail (edit log) facility and the same has operated throughout the year for all relevant transactions recorded in the software impacting books of account at application level. Also the audit trail is not disabled/tampered. Further, the audit trail (edit log) is preserved as per the provisions of the Companies Act. However, the feature of recording audit trail (edit log) facility at database level is not enabled. The subsidiary company has used accounting software Tally 6.6.3 and is in the process of establishing necessary controls and maintaining documentation relating to audit trail (edit log).

The accompanying notes are an integral part of the consolidated financial statements.

As per our report of even date For M.Anandam & Co., Chartered Accountants (Firm Registration Number: 000125S)

On behalf of Board of Directors

Sd/- B.V.Suresh Kumar Partner Membership Number: 212187

Sd/-

P.Parvathi

Chairperson & Managing Director DIN : 00016597

Sd/-

S.Venkateswarlu

Whole-time Director DIN : 08602254

Place: Hyderabad Date: 27.05.2025

Sd/- D. Raghava Chary Chief Financial Officer PAN: ABKPD6101E

Sd/-

Bikram Keshari Prusty Company Secretary PAN: AOCPP6191F

~~216~~

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AI assistant

Deccan Cements Ltd. — Annual Report 2025

61739_rns_2025-08-30_a6dfe316-8135-4dc8-8d1b-15bffca007c5.pdf

Subject: 45[th] Annual Report 2024-25. Notice of 45[th] Annual General Meeting (AGM).

Ref: Regulation 34 of SEBI (LODR) Regulations, 2015.

Deccan Cements Limited Corporate Information

Board of Directors

Senior Management

Bankers

Statutory Auditors

Secretarial Auditors

Registrar and Share Transfer Agent

Cost Auditors

Registered Office

Contents

NOTICE

ORDINARY BUSINESSES:

SPECIAL BUSINESSES:

Notes:

PROCEDURE FOR JOINING THE AGM THROUGH VC / OAVM:

Members are requested to follow the procedure given below:

PROCEDURE FOR REMOTE E-VOTING:

Details of Option-1 are mentioned below:

Annual Report 2024-25

Details of Option-2 are mentioned below:

Login method for e-voting for members other than Individuals holding securities in demat mode and members holding securities in physical mode.

Details of Options-3 are mentioned below:

PROCEDURE FOR INSPECTION OF DOCUMENTS:

DIVIDEND RELATED INFORMATION:

A. RESIDENT MEMBERS:

A.1 Tax Deductible at Source for Resident Members:

B. NON-RESIDENT MEMBERS:

Notes:

IEPF RELATED INFORMATION:

OTHER INFORMATION:

Explanatory statement under Section 102 of the Companies Act, 2013

Item No. 4: To consider and ratify Cost Auditor’s remuneration for the Financial Year 2025-26:

Item No. 5: To consider and appoint Secretarial Auditor of the Company:

Rationale for appointment:

ANNEXURE TO THE NOTICE DATED 12[th] AUGUST 2025

Details of Director Retiring by Rotation at the Annual General Meeting:

Mr. SHONTI VENKATESWARLU (DIN: 08602254):

ATTENTION SHAREHOLDERS

"SAKSHAM NIVESHAK” CAMPAIGN FOR UPDATING OF KYC AND OTHER DETAILS

SPECIAL WINDOW FOR RE-LODGEMENT OF TRANSFER REQUESTS OF PHYSICAL SHARES

DIRECTORS’ REPORT

Dear Shareholders,

Financial Results:

Results of Operations:

(Rs. in Lakhs)

Transfer to Reserves:

Dividend:

Capital Structure:

Deposits:

Management Discussion and Analysis Report:

Business Responsibility Report:

Corporate Governance:

Transfer to Investor Education and Protection Fund (IEPF):

Directors and Key Managerial Personnel:

Familiarization program for Independent Directors:

Declaration by Independent Directors:

Statutory Auditor:

Cost Auditor:

Secretarial Auditor:

Annual Return:

Board Meetings:

Directors’ Responsibility Statement:

CEO/CFO Certification:

Policy on Directors’ appointment and remuneration and other details:

Particulars of loans, guarantees or investments

under Section 186:

Particulars of Contracts or arrangement with related parties referred under Section 188(1):

Energy Conservation, Technology Absorption and Foreign Exchange:

Internal Control Systems and its Adequacy:

Risk Management:

Corporate Social Responsibility (CSR):

Board Evaluation:

Particulars of Employees:

Prevention of Sexual Harassment Policy:

Others:

Deccan Cements Ltd. Annual Report 2025