Enclosed herewith Reclassification Letter received from Mukesh Vora on 22/04/2025
Awaiting price reaction for this filing.
Mr. Mukesh N Vora, a former promoter of Deccan Bearings Limited, has formally requested the board to reclassify him from the 'Promoter' category to the 'Public' category of shareholders. He currently holds 0.00% equity shares (nil shares) after selling his entire stake via a Share Purchase Agreement dated 22 October 2024 to acquirer Mr. Satyajit Mishra, with the open offer formalities completed on 25 March 2025. Mr. Vora confirmed he is not on the board, not a KMP, and has no family members holding shares or board positions in the company. The acquirer, Mr. Satyajit Mishra, is now classified as the new promoter of the company with a controlling stake. The reclassification is being processed under Regulation 31A of SEBI LODR Regulations, 2015.
This is a housekeeping reclassification filing — the actual promoter exit already happened via the October 2024 SPA and March 2025 open offer. Shareholders should note a change in controlling interest, with Mr. Satyajit Mishra now identified as the new promoter. No immediate impact on share price is expected from the reclassification itself, but the change in promoter identity may influence future strategic decisions.