Enclosed herewith Revised Voting Results for 2nd EGM dated 19/12/2025
Awaiting price reaction for this filing.
Deccan Bearings Limited held its 2nd EGM on 19 December 2025 (2:00 PM to 2:10 PM) via video conferencing, where all 6 special resolutions were passed. Key items approved include: appointment of Mr. Paresh Gushabhai Satani as Director and Managing Director (with remuneration), appointment of Mr. Tanuj Pareshkumar Satani and Mr. Chirag Ramjibhai Satani as Whole-time Directors, change of company name from 'Deccan Bearings Limited' to 'Satani Bearings Limited', and alteration of the Main Object Clause of the Memorandum of Association. Of the 2 crore total outstanding shares, only 35.19 lakh shares (17.60%) were polled — entirely from public non-institutional shareholders — and 100% voted in favour with zero votes against. Promoters (holding 63.82%) did not cast votes. The scrutinizer was Suprabhat Chakraborty of Suprabhat & Co. The meeting was notably brief at just 10 minutes.
This EGM marks a significant restructuring — new promoter-family leadership (Satani family) is taking charge and the company's name and main business objects are being changed, signaling a potential pivot in business direction for shareholders to watch closely. Low voting turnout (17.6%) means decisions were driven entirely by public minority shareholders, though all voted in favour.