Enclosed herewith Reclassification Letter received from Mukesh Vora HUF on 22/04/2025
Awaiting price reaction for this filing.
Deccan Bearings Limited has received a request from Mukesh Vora HUF, a member of the promoter group, to be reclassified from the 'Promoter/Promoter Group' category to the 'Public' category under SEBI LODR Regulation 31A. The entity currently holds zero equity shares (0.00%) of the company, having sold its entire stake through a Share Purchase Agreement dated 22 October 2024 to acquirer Mr. Satyajit Mishra. The subsequent open offer formalities were completed on 25 March 2025. Mukesh Vora HUF has no board seat, is not a KMP or bank signatory, and no family members hold shares or board positions. Satyajit Mishra, the acquirer, will be the new promoter of the company with a controlling stake.
This filing is the formal paperwork cleanup following a completed change of control — the old promoter group has fully exited (0% holding) and a new promoter has taken over. Existing shareholders should be aware that the company now has new controlling ownership under Satyajit Mishra, which may influence future strategic direction.