ENCLOSED HEREWITH INTIMAYION OF RECLASSIFICATION LETTER RECEIVED FROM MUKESH VORA
Awaiting price reaction for this filing.
Deccan Bearings Limited has received a formal request from Mr. Mukesh N Vora, an erstwhile promoter, seeking reclassification from the 'Promoter' category to the 'Public' category under SEBI LODR Regulation 31A. Mr. Vora currently holds zero shares (0.00%) in the company after selling his entire stake via a Share Purchase Agreement dated 22 October 2024 to Mr. Satyajit Mishra. Mr. Mishra's subsequent open offer closed on 25 March 2025, making him the new promoter and largest shareholder of the company. Mr. Vora has confirmed he is not on the board, not a KMP, and has no control or special rights in the company.
This is a routine procedural reclassification formalising a change that effectively took place months ago when Mr. Vora exited and Mr. Satyajit Mishra took over as promoter. No immediate impact on share price or existing shareholders, though it officially reshapes the promoter group composition of the company.