Deccan Bearings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/04/2025 ,inter alia, to consider and approve Enclosed herewith Board Meeting ....
Awaiting price reaction for this filing.
Deccan Bearings Limited has informed BSE that its Board of Directors will meet on Tuesday, 22nd April 2025 at 5:00 p.m. to consider a proposal for raising funds. The options on the table include issuing equity shares, convertible preference shares, fully or partially convertible debentures, warrants, non-convertible debentures, or a combination of these. The fund raise could happen via private placement, Qualified Institutions Placement (QIP), preferential issue, rights issue, further public issue of debt or equity, or any other permissible mode. The Board will decide the issue size and price, and may seek shareholder approval under the Companies Act, 2013. No specific amount, instrument, or investor has been finalized yet — this is a prior intimation only.
This is just a preliminary intimation, so no concrete dilution or fund-raising impact can be assessed yet. Shareholders should watch the outcome of the 22nd April board meeting, as the chosen route (QIP, rights, preferential, etc.) will determine whether there is equity dilution and at what price.