ENCLOSED HEREWITH THE INTIMATION OF DEREMENT OF BOARD MEETING DATED 03/05/2025
Awaiting price reaction for this filing.
Deccan Bearings Limited (Scrip Code: 505703) has informed the BSE that its Board Meeting, originally scheduled for Saturday, May 3, 2025 at 5:00 p.m., has been deferred to Saturday, May 17, 2025 at 4:00 p.m. The deferment is due to the non-availability of the Chairman of the Audit Committee. The company had previously intimated the board meeting on April 29, 2025. The intimation is filed under Regulations 29, 30, and 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The communication is signed by Director Nitin Arvind Oza.
This is a routine procedural delay, but the inability to constitute a full Audit Committee may raise governance concerns among shareholders. If the board meeting was meant to approve quarterly results, investors should expect a delay of about two weeks in the results announcement.