Enclosed herewith Voting Results for 40th AGM
Awaiting price reaction for this filing.
Deccan Bearings Limited held its 40th Annual General Meeting on 30 September 2025 via video conference from 4:00 PM to 4:10 PM. Out of 520 shareholders on the record date, only 14 public shareholders attended, while no promoter group shareholders were present. All four resolutions put to vote were passed with 100% approval and zero votes against. The resolutions included adoption of the audited financial statements for FY ending March 2025, re-appointment of Mr. Priyankbhai Vasantbhai Ghelani (DIN: 10989804) as Director via retirement by rotation, and re-appointment of Mrs. Shilpa Sagar Parab (DIN: 08338221) as Independent Director. A total of 57,64,135 shares (about 28.82% of the 2 crore total shares) were polled through remote e-voting.
The unanimous approval of all resolutions means smooth continuity in governance with the Managing Director and Independent Director retaining their positions. However, the very low shareholder participation (only 14 attendees from the public side and no promoter attendance) signals weak shareholder engagement, which is common in small-cap companies but worth noting.