Satani Bearings Limited (formerly Deccan Bearings Limited) approved the shifting of its registered office from Mumbai to Rajkot during its Annual General Meeting held on September 29, 2026. The company also passed special resolutions for the acquisition of two related businesses on a slump sale basis.

The meeting, conducted via Video Conferencing and Other Audio Visual Means (VC/OAVM), saw shareholders adopt the audited financial statements for the fiscal year ended March 31, 2026. This included the balance sheet, statement of profit and loss, and cash flow statement, along with the reports of the board of directors and auditors.

Corporate governance updates

Shareholders appointed M/s Bhatt Shah Mekhia & Co., Chartered Accountants, as the statutory auditors of the company. Additionally, Mr. Chirag Ramjibhai Satani was reappointed as a director following his retirement by rotation. The voting results for these resolutions will be disclosed in due course as per Regulation 44(3) of the Listing Regulations.

Strategic acquisitions and restructuring

The AGM focused significantly on structural changes through two special resolutions approving business acquisitions. These moves indicate a consolidation of operations within the Satani group structure.

The shift of the registered office to Rajkot in Gujarat necessitates a consequent alteration in the Memorandum of Association. The meeting concluded at 6:06 pm with a vote of thanks.

Satani Bearings Limited closed its trading window for all designated persons and their immediate relatives effective October 1, 2026. The restriction remains in force until 48 hours after the company announces its unaudited financial results for the period ending September 30, 2026.

This action is taken in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal Code of Conduct. The closure prevents insider trading during the sensitive period preceding the release of quarterly financial data.

Regulatory compliance details

The company filed this intimation with the Bombay Stock Exchange on September 25, 2026. The notice specifies that the trading window applies to all designated persons as defined under the regulatory framework. The specific date for the board meeting to consider the financial results will be communicated by the company in due course.

The filing was signed by Tanuj Pareshkumar Satani, Whole-time Director of the company. No financial figures or performance metrics were disclosed in this procedural notification.