Deccan Bearings Ltd

Financial results and audit

• Board approved unaudited standalone financial results for quarter ended 30 June 2026.
• Limited Review Report by Statutory Auditors issued for the same period.
• Results prepared in accordance with Ind AS; reviewed by Audit Committee and approved by Board.
• Company has a single reportable segment under IND AS 108.

Meeting Details

Key Agenda Items

Other Notes

Dematerialisation status

• Dematerialisation requests processed; confirmations/rejections communicated to depositories.
• Securities dematerialised listed on exchanges where earlier issued securities are listed.
• Physical certificates for dematerialisation mutilated and cancelled; registered owner updated.

Purpose of EGM

• To take on record statutory auditor certificate under SEBI Regulation 45(3)
• To approve compliance certificate related to company name change

Summary of Resolution

• Special resolution to record certificate issued by M/s PAMS & Associates
• Certificate confirms compliance with SEBI Listing Regulation 45(1) conditions
• Board authorized to submit certificate to stock exchanges and regulatory authorities
• No financial or other interest of directors or KMPs in the resolution

Voting Outcome

• Voting outcome not disclosed in the document

Impact on Shareholding/Control

• No change to shareholding pattern or control reported

Utilisation of Funds/Objects

• Not applicable; resolution relates to compliance certification

Board/Management Changes

• No changes to board or management reported

Other Significant Information

• Company changed name from Deccan Bearings Limited to Satani Bearings Limited
• Certificate confirms at least one year elapsed since last name change
• Revenue and asset criteria for name change compliance not applicable
• Certificate issued on 19 Dec 2025 by statutory auditors PAMS & Associates

Purpose of EGM

• Increase authorized share capital from Rs. 20 crore to Rs. 35 crore
• Increase borrowing powers up to Rs. 500 crore
• Create charges/mortgages on company assets up to Rs. 500 crore
• Approve investments, loans, guarantees beyond prescribed limits up to Rs. 500 crore
• Alter Object Clause to include agro and food products business
• Approve share split from Rs. 10 to Rs. 1 face value per equity share
• Adopt new Memorandum of Association aligned with Companies Act, 2013
• Adopt new Articles of Association aligned with Companies Act, 2013

Summary of Resolutions

• Ordinary Resolution to increase authorized capital to Rs. 35 crore with 3.5 crore shares
• Special Resolution to increase borrowing powers to Rs. 500 crore under Section 180(1)(c)
• Special Resolution to create charges/mortgages on movable and immovable assets up to Rs. 500 crore
• Special Resolution to authorize investments, loans, guarantees up to Rs. 500 crore under Section 186
• Special Resolution to alter Object Clause adding agro/food products activities
• Ordinary Resolution to split each Rs. 10 share into 10 shares of Rs. 1 face value
• Special Resolution to adopt new Memorandum of Association replacing existing MOA
• Special Resolution to adopt new Articles of Association replacing existing AOA

Voting Outcome

• Voting outcome not disclosed in notice

Impact on Shareholding/Control

• Authorized share capital increase expands potential equity base
• Share split increases number of shares tenfold without changing paid-up capital

Utilisation of Funds/Objects

• Increased borrowing powers to support future business prospects and funding needs
• Investment and loan limits enhanced for strategic business flexibility
• Object Clause alteration to enable diversification into agro and food product sectors

Board/Management Changes

• No changes to board or management reported

Other Governance/Financial Impacts

• New MOA and AOA adoption to align with Companies Act, 2013 and modern governance
• Creation of charges enables securing borrowings with company assets up to Rs. 500 crore

Meeting Details

• Board meeting scheduled on Tuesday, March 31, 2026 at the registered office

Key Agenda Items

• Increase the authorised share capital of the company
• Raise funds via equity shares, convertible bonds, debentures, or other securities
• Approve creation of charge/mortgages on assets to secure borrowings up to 500 Crores
• Approve borrowing limit increase up to 3500 Crores
• Approve investment, loans, guarantees limit up to 1500 Crores
• Consider appointment of Company Secretary and Compliance Officer
• Approve draft notice and decide details for Extra-Ordinary General Meeting
• Consider incorporation of wholly-owned subsidiary in Dubai, UAE
• Adopt Memorandum and Articles of Association as per Companies Act, 2013