ENCLOSED HEREWITH 02ND EXTRA ORDINARY GENERAL MEETING HELD ON 19TH DECEMBER 2025 THROUGH VIDEO CONFERENCING
Awaiting price reaction for this filing.
Deccan Bearings Limited held its 2nd EGM on 19th December 2025 through video conferencing, lasting just 10 minutes (2:00 PM to 2:10 PM). Only 8 members attended out of a total shareholder base of 731. Shareholders considered and passed six special resolutions, including the appointment of Mr. Paresh Gushabhai Satani as Managing Director and Mr. Tanuj Pareshkumar Satani and Mr. Chirag Ramjibhai Satani as Whole-time Directors for three-year terms starting 20th November 2025. The meeting also approved changing the company's name from 'Deccan Bearings Limited' to 'Satani Bearings Limited' and altering the Main Object Clause of the Memorandum of Association. Voting results and the scrutinizer's report will be filed with BSE by 23rd December 2025.
The resolutions mark a leadership transition to the Satani family and signal a corporate rebranding from Deccan Bearings to Satani Bearings, along with a likely change in business focus through the Main Object amendment. Shareholders may see fresh strategic direction under new management once the name change and MoA alteration become effective.