Enclosed Herewith Revised Board Meeting Outcome dated 08th November 2025
Awaiting price reaction for this filing.
Deccan Bearings Limited announced a complete overhaul of its leadership on 8 November 2025, with the entire board being reconstituted. Mr. Priyankbhai Ghelani resigned as both Managing Director and CFO, while two independent directors (Mr. Nishith Trivedi and Mr. Sandip Pawar) also stepped down. In their place, Mr. Paresh Satani was appointed as Managing Director, along with Mr. Tanuj Satani as Whole-time Director and CFO, and Mr. Chirag Satani as Whole-time Director—all from the same family. The company also proposed changing its name to 'Satani Bearings Limited,' shifting its registered office within Mumbai, and opening a new corporate office in Gujarat. The unaudited results for Q2 FY26 show zero revenue from operations, total expenses of Rs 30.29 lakhs for H1 FY26 (versus Rs 9.07 lakhs in H1 FY25), and a widened loss of Rs 30.29 lakhs versus Rs 6.41 lakhs previously. The equity share capital rose from Rs 218.33 lakhs to Rs 318.33 lakhs, indicating a fresh share issuance.
Shareholders should note the company has no operating revenue, deepening losses, and negative operating cashflows, though a Rs 17.82 crore share issuance has strengthened liquidity. The Satani family taking full control signals a strategic pivot, but the lack of business operations raises questions about future direction.