Description

Both JK Lakshmi Cement and Deccan Cements clarify media reports about potential acquisition discussions, stating no material events requiring disclosure.

Summary

BSE sought clarifications from JK Lakshmi Cement Limited and Deccan Cements Limited regarding media reports on Moneycontrol.com suggesting JK Lakshmi and Chettinad were in race to acquire Deccan Cements. Both companies responded clarifying their positions on the reported acquisition discussions and confirming compliance with disclosure obligations under SEBI Listing Regulations.

Key Points

  • JK Lakshmi Cement confirms it evaluates various opportunities as part of inorganic growth strategies
  • JK Lakshmi states no current event warrants reporting under Regulation 30 of SEBI Listing Regulations
  • Deccan Cements clarifies it is not privy to any acquisition discussions mentioned in media reports
  • Deccan Cements confirms no material information or impending announcements that could affect share price/volume
  • Both companies reaffirm commitment to timely and accurate disclosure obligations
  • Media reports do not have any impact on Deccan Cements’ operations

Regulatory Changes

No regulatory changes announced. This circular relates to compliance with existing disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance Requirements

  • Companies must promptly clarify media reports that could impact share price movements
  • Maintain robust mechanisms for disclosure obligations compliance
  • Provide accurate and adequate disclosures in timely manner as required by SEBI Listing Regulations
  • Follow company policies on determining materiality of events

Important Dates

  • July 25, 2025: Date of BSE clarification request and company responses
  • No specific deadlines mentioned for ongoing compliance requirements

Impact Assessment

The clarifications provide market transparency by addressing speculation about potential cement sector consolidation. JK Lakshmi’s acknowledgment of evaluating inorganic growth opportunities while stating no current material events suggests strategic planning without immediate transactions. Deccan Cements’ denial of involvement in acquisition discussions helps clarify market rumors. Both responses demonstrate regulatory compliance and help stabilize any price volatility caused by media speculation.

Impact Justification

Clarification addresses market speculation about acquisition but confirms no material events, providing transparency to investors