Change in Registered Office within the local limit and city
Awaiting price reaction for this filing.
The board on 8 November 2025 approved a sweeping change of control at Deccan Bearings. The entire old management team resigned — Managing Director and CFO Priyankbhai Ghelani plus independent directors Nishith Trivedi and Sandip Pawar — and three members of the Satani family (Paresh as new Managing Director, his son Tanuj as Whole-time Director and CFO, and nephew Chirag as Whole-time Director) were inducted for 3-year terms, subject to EGM approval. The company also plans to rename itself Satani Bearings Limited, shift its registered office within Andheri (East), open a new books-of-accounts office in Rajkot, and change its main objects clause. Financials are weak: revenue from operations is nil across all reported periods, Q2 FY26 posted a loss of Rs 4.15 lakh (vs Rs 26.14 lakh loss YoY), and H1 FY26 loss widened to Rs 30.29 lakh. However, the company raised Rs 1,781.67 lakh via share issuance, pushing cash balances to Rs 638.36 lakh from Rs 5.57 lakh a year earlier.
This is effectively a promoter-level takeover rather than a routine corporate update. Shareholders should note zero operating revenue, continuing losses, and a fresh management team with no public track record at this entity, though the large equity infusion materially strengthens the balance sheet and removes near-term solvency worries.