ENCLOSED HEREWITH RECLASSIFICATION RECEIVED FROM MALINI VORA
Awaiting price reaction for this filing.
Deccan Bearings Limited has received a request from Mrs. Malini M Vora to be reclassified from the 'Promoter' category to the 'Public' category of shareholders. Mrs. Vora currently holds nil equity shares (0.00%) of the company, having sold her entire stake to Mr. Satyajit Mishra through a Share Purchase Agreement dated 22 October 2024, after which Mr. Mishra's open offer formalities were completed on 25 March 2025. She is no longer on the board, not a key managerial person, and none of her family members hold shares or positions in the company. The acquirer Mr. Mishra is now the new promoter with a controlling stake, and the erstwhile promoter/promoter group has ceased to be promoter as per the SEBI Takeover Regulations. The company stated it will take the necessary steps for the reclassification in due course.
This is a procedural housekeeping filing that formalises a change of control that already occurred in late 2024 and early 2025 — there is no fresh share movement and no new direct impact on current shareholders. Investors should note that the new promoter Mr. Satyajit Mishra has been in control since the open offer closed in March 2025.