ENCLOSED HEREWITH INTIMATION OF RECLASSIFICATION OF MANISH VORA
Awaiting price reaction for this filing.
Mr. Manish N Vora, listed as a promoter of Deccan Bearings Limited (BSE: 505703), has formally requested the Board to reclassify him from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A. He currently holds Nil equity shares (0.00%) in the company, having sold his entire stake via a Share Purchase Agreement dated 25 July 2024 to Mrs. Sumita Mishra. He has confirmed he is not on the board, not a KMP, holds no voting rights, and exercises no control over the company. The company has acknowledged receipt and stated it will take necessary steps in due course.
This is a procedural housekeeping filing with no impact on shareholding or stock price, since Mr. Vora already holds 0% of the company. It simply removes his name from the promoter group list, which can marginally affect the optics of the promoter holding in future shareholding pattern filings.