OUTCOME OF THE BOARD OF DIRECTORS MEETING HELD ON SATURDAY, MAY 30, 2026, approved, Audited Standalone Financial Results of the Company for the period ended on March 31, 2026
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Satani Bearings Ltd (formerly Deccan Bearings Ltd) reported FY2026 total revenue of Rs. 3,551.63 Lacs, a dramatic increase from Rs. 4.01 Lacs in FY2025, indicating a major change in business scale or restatement. The company returned to profitability with PAT of Rs. 5.12 Lacs versus a loss of Rs. 16.36 Lacs in the prior year. Equity share capital stands at Rs. 2,000.00 Lacs with total assets of Rs. 4,255.68 Lacs. The company raised Rs. 217.81 Crores via equity preferential allotment. Auditors issued an unmodified (clean) opinion with no going concern doubts. Key audit observations include significant related party transactions with Satani Hot Former, including a Rs. 217.50 Crore guarantee paid to the related party, and purchases being concentrated from one party. The company lacks an internal audit system.
The company has emerged from losses to modest profitability with a large capital raise, but heavy reliance on related parties and lack of internal audit systems present governance risks. The massive jump in revenue from prior year warrants scrutiny by investors.