The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Satyajit Mishra
Awaiting price reaction for this filing.
Satyajit Mishra, classified as a member of the promoter group of Deccan Bearings Limited (BSE: 505703), has disclosed a complete exit from the company under SEBI's Takeover Regulations. He sold his entire holding of 11,47,504 shares, representing 52.56% of the company's equity share capital (total capital being 21,83,334 shares of Rs. 10 each). The transaction was executed off-market through a Share Purchase Agreement dated 22 April 2025, with the seller citing volatile securities market conditions as the reason for the sale. After the transaction, his holding stands at NIL shares and NIL voting rights.
This is a major negative signal — the promoter has fully exited, which could trigger further selling pressure, governance concerns, and uncertainty about the company's future direction. Shareholders should brace for potential volatility and watch for any new acquirer's identity, as a 52.56% change in controlling stake typically attracts open offer obligations under SEBI takeover rules.