ENCLOSED HEREWITH Notice of 02nd Extra Ordinary General Meeting to be held on 19th December 2025 at 2:00 PM
Awaiting price reaction for this filing.
Deccan Bearings Limited (BSE: 505703) has called its 2nd EGM on Friday, 19th December 2025 at 2:00 PM via video conferencing. The meeting will consider six special business items: (1) regularising Mr. Paresh Gushabhai Satani as Director, (2) appointing him as Managing Director for 3 years (Nov 20, 2025 – Nov 19, 2028) with remuneration, (3) appointing Mr. Tanuj Pareshkumar Satani as Wholetime Director for 3 years, (4) appointing Mr. Chirag Ramjibhai Satani as Wholetime Director for 3 years, (5) changing the company name from 'Deccan Bearings Limited' to 'Satani Bearings Limited', and (6) altering the main object clause of the Memorandum of Association to widen business scope into manufacturing of bearing rings, automotive components, alloy/ferrous metals, fabrication, and R&D. The cut-off date for e-voting eligibility is 12th December 2025, with remote e-voting running from 16th–18th December 2025.
Shareholders should note a major board overhaul with three members of the Satani family being appointed to key leadership positions, alongside a proposed company rebranding and expansion of business activities beyond bearings. These changes require special resolution approval, so voting outcomes on 19th December will be decisive for the company's strategic direction.