Corrigendum to the Notice of Extra Ordinary General Meeting
Awaiting price reaction for this filing.
Satani Bearings Limited (BSE: 505703) has issued a corrigendum to the notice of its Extra-Ordinary General Meeting (EGM) scheduled for 30th April 2026 at 4:30 PM via video conferencing. The corrigendum adds a new agenda item (Item No. 9) — taking on record a certificate from statutory auditors M/s PAMS & Associates under SEBI LODR Regulation 45(3). This certificate is connected to the company's recent name change from Deccan Bearings Limited to Satani Bearings Limited, which was approved by the board on 8th November 2025, by shareholders on 19th December 2025, and cleared by the Registrar of Companies on 5th January 2026. The company admits it inadvertently failed to table the auditor's certificate at the December 2025 EGM and is now rectifying this on BSE's instructions. Notably, the auditor's certificate reveals the company had NIL total income during the period 1st October 2024 to 30th September 2025.
This is a procedural compliance filing to regularize a name change that was already approved. While no immediate stock price catalyst is expected, the disclosure of NIL total revenue across four consecutive quarters is a red flag worth monitoring. Shareholders should review the new special resolution and the auditor's certificate before the EGM.