ENCLOSED HEREWITH INTIMATION OF RECLASSIFCATION RECEIVED FROM GOPA VORA
Awaiting price reaction for this filing.
Deccan Bearings Limited has received a request from Mrs. Gopa M Vora, classified as a promoter, to be reclassified into the 'Public' shareholder category under SEBI LODR Regulation 31A. She currently holds zero equity shares (0.00% of share capital) after selling her entire holding via a Share Purchase Agreement dated 25 July 2024 to acquirer Mrs. Sumita Mishra. She is not on the board, not a key managerial person, and has no family members holding shares or board positions in the company. The company will take the necessary steps to process this reclassification in due course.
This is a procedural reclassification with no impact on shareholding since the promoter already exited her stake in July 2024. It simply formalises her movement from the promoter group to the public category, and is unlikely to move the stock price.