ENCLOSED HEREWITH RECLASSIFICATION RECEIVED FROM MUKESH VORA HUF
Awaiting price reaction for this filing.
Mukesh N Vora HUF, a member of the promoter group, has formally requested Deccan Bearings Limited to reclassify it from the 'Promoter Group' category to the 'Public Category' under SEBI LODR Regulation 31A. The HUF has already sold its entire equity stake (0.00% holding) via a Share Purchase Agreement dated 22 October 2024 to acquirer Mr. Satyajit Mishra, and the subsequent open offer formalities were completed on 25 March 2025. The HUF confirms it holds no shares, has no board or KMP representation, exercises no control, and has no special rights in the company. The new acquirer, Mr. Satyajit Mishra, is now the largest shareholder with a controlling stake and has been classified as the new promoter.
This is a procedural post-event formalization — the actual change in control and share transfer already happened in 2024-2025. For shareholders, the promoter group has effectively been restructured around a new controlling shareholder (Mr. Satyajit Mishra), and the old promoter entity is exiting the books.