Enclosed Herewith Notice of 02nd Extra Ordinary General Meeting dated 19th December 2025 on 02:00 PM through Video Conferencing
Awaiting price reaction for this filing.
Deccan Bearings Limited has called its 2nd Extra Ordinary General Meeting on Friday, December 19, 2025 at 2:00 PM via video conferencing, with remote e-voting open from December 16 to December 18, 2025. Six special resolutions are on the agenda, including the regularization and appointment of Mr. Paresh Gushabhai Satani as Managing Director and Mr. Tanuj Pareshkumar Satani and Mr. Chirag Ramjibhai Satani as Wholetime Directors, each for a 3-year term effective November 20, 2025. The company also proposes to change its name from 'Deccan Bearings Limited' to 'Satani Bearings Limited' and to alter its main object clause to widen its business into bearing components, automotive parts, alloy steel, ferrous/non-ferrous metals, and metal fabrication. The cut-off date for eligibility to vote is December 12, 2025. The board stated these changes are aimed at strengthening management, aligning with future growth plans, and creating a stronger brand identity.
This is a major governance and strategic shift: three members of the Satani family are taking over key executive roles, the company is rebranding under the new promoter name, and its business scope is being widened beyond traditional bearings into automotive and metal products. Shareholders should review these resolutions carefully and vote by December 18, as approval will reshape both leadership and the company's business direction.