ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 05/09/2025
Awaiting price reaction for this filing.
The board of Deccan Bearings Limited (BSE Code: 505703) met on 5th September 2025 and approved the reclassification of certain applicants from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 31A of SEBI LODR Regulations, 2015. The board reviewed the applications and confirmed the applicants meet all eligibility criteria: they hold no voting rights in the company, do not exercise control, have no special rights, no board representation, are not KMPs, and are not classified as willful defaulters or fugitive economic offenders. The board meeting ran from 5:00 PM to 7:45 PM. This filing is being made under Regulation 30 read with Regulation 31A(8) of SEBI LODR.
This reclassification will shift certain allottees from being classified as promoters to public shareholders, which could marginally increase the public shareholding count. Since the applicants already hold zero shares, there is no immediate change in shareholding pattern, but it formally cleans up the promoter group classification for compliance purposes.