Enclosed herewith Reclassification Letter received from Malini Vora on 22/04/2025
Awaiting price reaction for this filing.
Mrs. Malini M Vora, a listed promoter of Deccan Bearings Limited, has formally requested to be reclassified from the 'Promoter' category to the 'Public' category of shareholders under SEBI LODR Regulation 31A. She currently holds 0% equity shares in the company, having sold her entire stake to Mr. Satyajit Mishra through a Share Purchase Agreement dated 22 October 2024, after which his open offer was completed on 25 March 2025. She is no longer on the board, not a key managerial person, and has no family members holding shares or board positions in the company. The company will process the reclassification in due course.
This is an administrative housekeeping filing that formally removes an outgoing promoter from the promoter group after she has already fully exited her shareholding. The change in promoter (from Malini Vora to Satyajit Mishra) had already happened through the earlier SPA and open offer, so there is no new impact on shareholding or stock price from this announcement itself.