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:

* 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.

* 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-Policv.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,-

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.

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.

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 2025¬
26. 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,

except some observations, the clarification of which

is furnished hereunder:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.)

6. 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,

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.

7. 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 non¬
compliance 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;

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-aovernance.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.

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.

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 sub¬
section (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