Deccan Cements Issues Public Notice Over Alleged Defamation by Former Employee

Deccan Cements Ltd ( (IN:DECCANCE) ) has shared an announcement.

Deccan Cements Ltd has issued a public notice addressing ongoing defamatory actions by a former employee, Pasupuleti Suresh Babu, who was asked to resign over behavioural issues and subsequently refused to vacate company quarters for 22 months until police intervention. The company states that multiple appeals and petitions filed by him before the National Green Tribunal and the Telangana High Court have been dismissed as baseless, yet he continues to make allegations and media statements under the guise of environmental activism.

The company warns that these actions have led to repeated scrutiny, operational disruptions and loss of time and resources, and urges stakeholders not to be influenced by such claims. Deccan Cements also calls on print and electronic media outlets to exercise caution and avoid publishing unsubstantiated content based on his statements that could harm the company’s reputation among investors, regulators and the wider public.

More about Deccan Cements Ltd

Deccan Cements Ltd is a public limited company incorporated in 1979 and is a leading cement manufacturer in the state of Telangana. The company operates under a robust corporate environmental policy, holds ISO 9001, 14001 and 45001 certifications, and has received a 5-star rating from the Ministry of Mines for its implementation of the Sustainable Development Framework.

Average Trading Volume: 647

Technical Sentiment Signal: Hold

Current Market Cap: 9.12B INR

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