02ND EXTRA ORDINARY GENERAL MEETING HELD ON 19TH DECEMBER 2025 THROUGH VIDEO CONFERENCING
Awaiting price reaction for this filing.
Deccan Bearings Limited held its 2nd Extra-Ordinary General Meeting (EGM) on 19th December 2025 via video conferencing, lasting just 10 minutes from 2:00 PM to 2:10 PM. Of 731 eligible shareholders as on the 12th December 2025 cut-off date, only 8 members attended. Six special resolutions were passed: appointment of Mr. Paresh Gushabhai Satani as Director and Managing Director (3-year term from 20 Nov 2025 to 19 Nov 2028), appointment of Mr. Tanuj Pareshkumar Satani and Mr. Chirag Ramjibhai Satani as Whole-time Directors for the same 3-year period, change of company name from Deccan Bearings Limited to Satani Bearings Limited, and alteration of the Main Object Clause of the Memorandum of Association. Voting results and the Scrutinizer's Report will be filed by 23rd December 2025.
The resolutions signal a major restructuring at the company — three members of the Satani family are being brought into top management roles, the company is being rebranded to its promoter family name, and the main object clause is being altered, which may indicate a planned shift or expansion in business activities. Shareholders should watch for the voting result disclosure on 23rd December and any subsequent filings related to the name change and revised business objects.