Change in Object of the company
Awaiting price reaction for this filing.
Satani Bearings Limited (formerly Deccan Bearings Limited) has received approval from the Ministry of Corporate Affairs for changing the objects clause of the company. The change was approved through a Special Resolution passed at an Extraordinary General Meeting held on 19 December 2025. The altered Memorandum of Association was officially registered on 12 January 2026 under Section 13(1) of the Companies Act, 2013. The specific details of the new objects or the nature of the change are not disclosed in this filing. The intimation was signed by Whole-time Director Tanuj Pareshkumar Satani (DIN: 11387693).
This formalizes a shift in the company's permitted business activities, but since the specific new objects are not detailed here, investors should wait for follow-up announcements to understand whether this signals diversification, expansion, or a strategic pivot.