Deccan Bearings Ltd

Satani Bearings Ltd AGM filing chunk contains only authentication signature; no AGM details provided

Satani Bearings Ltd: Closure of Trading Window from October 01, 2026 until 48 hours after unaudited results for period ended September 30, 2026

Financial highlights

• Revenue from operations: 35,44,46,781 Rs for FY2025-26.
• Total income: 35,51,63,356 Rs.
• Total expenses: 35,42,51,214 Rs.
• Profit before tax: 9,12,142 Rs.
• Tax expense: (4,00,000) Rs.
• Net profit: 5,12,142 Rs.
• Basic EPS: 0.03; Diluted EPS: 0.03.
• Dividend for the year: not recommended.

Performance trend

• FY2025-26 revenue reported: 33,544.47 lakhs; net profit: 5.12 lakhs.
• Previous year: net loss of 316.37 lakhs.

Capital structure

• Authorized capital increased to Rs 20 crore.
• Equity shares issued during year: 1,78,16,666 at Rs 10 each to non-promoters.
• Outstanding equity shares: 2,00,00,000.

Strategic acquisitions

• Acquisition of Satani Industries on slump sale basis.
• Acquisition of Satani Forge & Turn on slump sale basis.
• Board to execute Business Transfer Agreement; approvals required.

Governance and leadership

• Chirag Ramjibhai Satani and Tanuj Pareshkumar Satani appointed Whole-time Directors from 20/11/2025.
• Paresh Gushabhai Satani appointed as Managing Director from 20/11/2025.
• Two Independent Directors ceased on 08/11/2025; board now six directors.

Audit and compliance

• Statutory auditors resigned on 19 June 2026.
• Bhatt Shah Mekhia & Co appointed as statutory auditors for 2026-31.
• Secretarial audit by Amarendra Mohapatra; no material non-compliance.

Related party transactions and risk

• RPT policy in place; approvals by Audit Committee.
• Significant related party transactions with Satani Industries and Satani Forge & Turn.
• 50 crore guarantee paid to Satani Hot Former.

AGM & e-voting

• AGM scheduled for 29 September 2026 at 06:00 PM via VC/OAVM.
• M/s SCS and Co LLP appointed as Scrutinizer for e-voting.

Auditor appointment

• Appointment of M/s Bhatt Shah Mekhia & Co as Statutory Auditor for five years.
• Term from conclusion of the ensuing AGM to 41st AGM, subject to shareholder approval.

Corporate actions

• Shift of registered office from Mumbai, Maharashtra to Rajkot, Gujarat, subject to shareholder approval.
• Acquisition of Satani Industries business on slump sale basis, subject to shareholder approval.
• Acquisition of Satani Forge & Turn business on slump sale basis, subject to shareholder approval.

Order details

• National Engineering Industries Ltd (Jaipur) service order valued Rs 1,2549,00,000 including GST.
• National Engineering Industries Ltd (Vadodara) service order valued Rs 2,51,07,50,000 including GST.

Totals and related-party terms

• Total service orders worth Rs 3,76,56,50,000 including GST.
• Promoter/group interest: No; order not related party.

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.