Enclosed herewith Board Meeting Intimation for the Board Meeting to be held on 22/04/2025 , Tuesday at 5:00 pm to consider Preferential Issue and other related matters.
Awaiting price reaction for this filing.
Deccan Bearings Limited (BSE Code: 505703) has informed the stock exchange about a Board Meeting scheduled for Tuesday, 22nd April 2025 at 5:00 p.m. The main agenda is to consider and approve proposals for raising funds through a wide range of options, including equity shares, convertible preference shares, convertible debentures, non-convertible debentures with warrants, private placement, Qualified Institutions Placement (QIP), further public issue of debt or equity, preferential issue, or rights issue. The Board will also decide the issue size and issue price, and may seek shareholder approval as required. No specific amount, price, instrument type, or investor has been disclosed at this stage — this is only a prior intimation of intent.
This is just an advance notice that the Board will discuss possible fund-raising routes; no concrete plan, size, or dilution has been announced yet. Shareholders should watch for the outcome on 22nd April, as any equity or convertible instrument issuance could lead to dilution and affect share price.