Deccan Cements

Corporate Governance

Company's Philosophy on Corporate Governance:

Deccan Cements Limited believes that the 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
Offers better value to shareholders / stakeholders and the society at large.

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.

Corporate Governance Report	Code of Conduct
Corporate Governance Report 31.12.2012	Code of Conduct

Committees of the Board

1. Constitution of Audit Committee

Name of the Director	Status
Mr. J Narayanamurthy	Independent Non-Executive (Chairman)
Mr. Umesh Shrivastava	Independent Non-Executive
Mr. P Venugopal Raju	Non-Executive, Non-independent

2. Constitution of Remuneration Committee

Name of the Director	Status
Mr. Umesh Shrivastava	Independent Non-Executive (Chairman)
Mr. J Narayanamurthy	Independent Non-Executive
Dr. S A Dave	Independent Non-Executive
Mr. K P Singh	Independent Non-Executive

3. Constitution of Share Transfer & Investors' Relations Committee

Name of the Director	Status
Dr. S A Dave	Independent Non-Executive (Chairman)
Mr. J Narayanamurthy	Independent Non-Executive
Mrs. P Parvathi	Executive