ENCLSOED HEREWITH EGM OUTCOME & PROCEEDINGS FOR EGM HELD DON 27/05/2025

Deccan Bearings held an Extraordinary General Meeting on 27 May 2025 via video conferencing where all 11 resolutions were passed by shareholders. The key resolution approved the preferential allotment of 1,78,16,666 equity shares (face value Rs 10 each) to non-promoters, alongside an increase in authorized share capital to Rs 20 crore (2 crore equity shares of Rs 10 each). Several directors were appointed or regularised, including Priyankbhai Vasantbhai Ghelani as Managing Director and four Independent Directors. The meeting also cleared higher borrowing limits under Section 180 and expanded powers for loans, investments, and guarantees. Only 11 of 697 shareholders attended the meeting.