ENCLOSED HERWITH RECLASSIFCIATION RECEIVED FROM NIRUPA VORA HUF
Awaiting price reaction for this filing.
Deccan Bearings Limited has received a request from Nirupa N Vora HUF (a promoter entity) to be reclassified from the 'Promoter' category to the 'Public' category of shareholders. Nirupa N Vora HUF currently holds Nil equity shares (0.00%) of the company, having already sold its entire stake to Mr. Satyajit Mishra via a Share Purchase Agreement dated 22 October 2024. The entity confirms it has no family members holding shares, no board representation, and no involvement in the company's day-to-day affairs. The company will now take the necessary steps under SEBI LODR Regulation 31A to process this reclassification.
This is a formal/administrative step that reflects a promoter exit that already took place in October 2024, so there is no fresh change in shareholding. Long-term, the promoter group shrinks further, which slightly reduces the perceived promoter skin-in-the-game for retail investors.