ENCLOSED HEREWITH DICLOSRE UNDER REG 30 OF SEBI (LODR) 2015
Awaiting price reaction for this filing.
Deccan Bearings Ltd held a board meeting on 27 May 2025 and approved a major overhaul of its board. Four new Independent Directors were appointed: Mrs. Aakansha Vaid (a Company Secretary with 10+ years' experience), Mr. Nishith Trivedi (finance and engineering expertise), Mr. Nitin Arvind Oza (a Chartered Accountant with 25+ years' experience), and Mr. Ajay Jagdishbhai Gohel (marketing and sales). Mr. Priyankbhai Vasantbhai Ghelani was appointed as both Director and Managing Director with remuneration. The board also approved increasing authorized share capital to Rs. 20 crore (2 crore equity shares of Rs. 10 each), raising borrowing limits under Section 180, and approving loans, investments, and guarantees beyond the prescribed thresholds under Sections 185 and 186.
This is a sweeping board restructuring combined with significantly expanded capital and borrowing capacity, suggesting the company is preparing for growth, expansion, or possible acquisitions. Shareholders should watch for follow-up announcements explaining the strategic intent behind the larger capital and debt headroom.