Board approves Rs 50 Cr rights issue, 10:1 stock split and key changes

Satani Bearings board approved a rights issue of equity shares up to Rs 50 Crore to existing shareholders and increased authorized capital from Rs 20 Cr to Rs 35 Cr. It also approved a 10:1 stock split (Rs 10 face value to Rs 1) to improve liquidity and affordability. Other decisions: incorporate a wholly owned subsidiary in UAE, alter business objects to include agro/food products, appoint Ms. Niyati Lad as Company Secretary, and accept the resignation of Independent Director Ms. Aakansha Vaid. Borrowing and investment limits raised to Rs 500 Cr each. EGM scheduled for April 30, 2026.