Financial Results for the Quarter ended 30.09.2025
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 FY26 (quarter ended 30 Sept 2025) and H1 FY26, both showing no revenue from operations and widening losses. Q2 FY26 reported a loss of about Rs. 1.15 lakh, while H1 FY26 loss stood at Rs. 30.29 lakh versus Rs. 6.50 lakh in H1 FY25, and operating cash flow was negative at Rs. (15.50) lakh. In a sweeping leadership overhaul, the entire senior management — Managing Director and CFO Priyankbhai Ghelani and two Independent Directors Nishith Trivedi and Sandip Pawar — resigned on 8 Nov 2025. They are being replaced by the Satani family: Paresh Satani (founder of Satani Industries, 40+ years in bearings) as new Managing Director, his son Tanuj Satani as Whole-time Director and CFO, and nephew Chirag Satani as Whole-time Director. The company also approved opening a new corporate office in Rajkot, Gujarat, and changing its name from Deccan Bearings to Satani Bearings Limited, subject to shareholder and Central Government approval. An EGM is scheduled for 13 Dec 2025.
This is effectively a promoter and business takeover of a dormant listed shell — the Satani group is set to pivot the company into an active bearings business. For existing shareholders, the core operations remain negligible with zero revenue and rising losses, so the near-term stock driver is the change-of-control story rather than financial performance. Watch the 13 Dec 2025 EGM outcome, as name change and new director appointments will determine the company's future direction.