ENCLSOED HEREWITH MATERIAL EVENT UNDER REG 30 AND 31A OF SEBI LODR, 2015 FOR RECLASSIFICATION FROM PROMOTER TO PUBLIC CATEGORY
Awaiting price reaction for this filing.
The board of Deccan Bearings Limited has approved applications seeking reclassification of certain persons from the 'Promoter/Promoter Group' category to the 'Public' category under Regulation 30 and 31A of SEBI LODR Regulations, 2015. The board confirmed the applicants meet all eligibility criteria under Regulation 31A, including not holding any voting shares, not exercising control over the company, having no special rights or board representation, and not being classified as willful defaulters or fugitive economic offenders. The board meeting was held on 5th September 2025, commencing at 5:00 PM and concluding at 7:45 PM. The company has submitted the outcome to BSE under BSE Code 505703.
This reclassification will reduce the effective promoter group shareholding/count and increase the public category, which may marginally improve the free-float and public holding profile of the stock. For existing shareholders, this is largely a procedural restructuring with no direct change in actual share ownership or business operations.