Enclosed herewith Disclosure to Reclassify Mr. Satyajit Mishra and Others from Promoter Category to Public Category on Completion of Open Offer
Awaiting price reaction for this filing.
Deccan Bearings Limited has informed BSE that an open offer by Mr. Pareshbhai Gushabhai Satani, Mr. Tanuj Pareshkumar Satani, Mr. Chirag Ramjibhai Satani, and Mr. Ramjibhai Gushabhai Satani (along with persons acting in concert) under SEBI SAST Regulations has been completed on November 26, 2025. Following the completion of this open offer, 12 outgoing promoters — led by Mr. Satyajit Mishra and members of the Vora family (including Kiran N Vora, Manish N Vora, Mukesh N Vora, Prerna K Vora, and related HUFs) — have been reclassified from the Promoter category to the Public category. This disclosure is made under Regulation 31A(10) read with Regulation 30 of SEBI LODR Regulations, 2015. The filing effectively marks a change in control of the company to the Satani family.
Shareholders should note a change of control — the Satani family (acquirers) is now the new promoter group of Deccan Bearings, while the previous Mishra/Vora promoter group has been moved to the public category. This could lead to shifts in shareholding pattern, governance, and future strategic direction of the company. Investors may want to track post-open-offer shareholding disclosures for clarity on the new promoter shareholding percentage.