ENCLOSED HEREWITH INTIMATION OF RECLASSIFCIATION LETTER RECEIVED FROM NIP EXPORTS PVT LTD
Awaiting price reaction for this filing.
NIP Exports Private Limited, a member of the promoter/promoter group of Deccan Bearings Limited, has formally requested reclassification to the 'Public' category. NIP Exports previously sold its entire equity holding (0.00% — already nil) to acquirer Mr. Satyajit Mishra through a Share Purchase Agreement, with the open offer formalities completed on 25th March 2025. NIP Exports holds no board position, is not a KMP, and has no remaining shares in the company. Mr. Satyajit Mishra will now be classified as the new promoter with a controlling stake in the company.
This is a housekeeping reclassification with no change in actual shareholding — the promoter-group entity already held zero shares. Shareholders should note that control of Deccan Bearings has shifted to Mr. Satyajit Mishra following his open offer, which is a meaningful change in management and control worth tracking.