Satani Bearings Limited (formerly known as Deccan Bearings Limited) has announced an Extra-Ordinary General Meeting (EGM) scheduled for April 30, 2026 at 04:30 PM IST. The meeting will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with regulatory requirements.

Meeting Schedule and Voting Details

The company has established a comprehensive timeline for shareholder participation and voting processes:

The company has engaged Purva Sharegistry (India) Pvt. Ltd to provide remote e-voting facilities and voting during the EGM, ensuring compliance with Section 108 of the Companies Act, 2013 and related regulations.

Major Capital Structure Changes

Authorized Capital Increase

The Board has proposed increasing the company's authorized share capital significantly:

This increase requires alteration of Clause V of the Memorandum of Association to reflect the enhanced authorized share capital structure.

Share Split Implementation

The company proposes to split existing equity shares to improve liquidity and accessibility for small investors:

Each existing equity share of Rs. 10 face value will be subdivided into 10 equity shares of Rs. 1 face value each, maintaining the same total paid-up capital.

Enhanced Financial Powers

Borrowing Capacity Expansion

The company seeks to enhance its borrowing powers under Section 180(1)(c) of the Companies Act, 2013 up to INR 500 crores. This supersedes earlier resolutions and provides the Board with authority to borrow from various sources including banks, financial institutions, and other entities in Indian or foreign currency.

Investment and Lending Authority

Shareholders will consider expanding the company's investment and lending capabilities beyond Section 186 limits of the Companies Act, 2013, up to INR 500 crores. This includes:

• Providing loans and inter-corporate deposits
• Giving guarantees on behalf of other entities
• Acquiring securities of other body corporates
• Investing in subsidiaries, associates, joint ventures, and related parties

Business Diversification

The company proposes to alter its Object Clause in the Memorandum of Association to include new business activities in the agro and food processing sector. The new sub-clause will enable the company to:

• Prepare, manufacture, process, market, and trade agro/food products
• Handle spices, oil seeds, grains, vegetables, herbs, and pickles
• Import and export agricultural and farming-related products
• Deal in items derived from agricultural activities

Corporate Governance Updates

The EGM agenda includes adoption of new sets of Memorandum of Association and Articles of Association aligned with the Companies Act, 2013. These updates will replace existing documents originally framed under the Companies Act, 1956, ensuring compliance with current regulatory framework and modern corporate governance practices.

Regulatory Compliance

The notice has been prepared in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The EGM notice is available on the company's website at https://satanibearings.com/ and on BSE Limited's website at www.bseindia.com .

Mr. Abhishek Chhajad from M/s SCS AND CO LLP has been appointed as Scrutinizer to oversee the voting process, ensuring fair and transparent conduct of the meeting proceedings.

SATANI Bearings Limited has successfully concluded its board meeting on April 02, 2026, approving comprehensive capital restructuring and expansion initiatives. The meeting addressed multiple strategic agenda items under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Major Capital Structure Decisions

The board has approved significant changes to the company's capital framework, demonstrating ambitious growth plans:

Share Split and Corporate Actions

The board approved a 10:1 share split, transforming each existing ₹10.00 face value share into 10 shares of ₹1.00 each. This strategic move aims to improve liquidity and make shares more accessible to retail investors:

Enhanced Financial Powers and International Expansion

The board has substantially increased the company's financial capabilities and approved international expansion:

Key Personnel Changes and Corporate Governance

The company has strengthened its leadership team while experiencing some departures:

Business Diversification and EGM Schedule

The board approved expansion into agro-food products, adding a new main object clause covering spices, oil seeds, grains, vegetables, herbs, and pickles. The board has appointed M/s. SCS & Co. LLP, Company Secretaries, as scrutinizer for the remote e-voting process.

An Extra-Ordinary General Meeting has been scheduled for April 30, 2026, through video conferencing to seek shareholder approval for all proposed changes. The board meeting commenced at 6:00 PM and concluded at 7:30 PM on April 02, 2026.

The comprehensive agenda reflects SATANI Bearings Limited's strategic transformation from a traditional bearings manufacturer to a diversified company with enhanced capital base, international presence, and expanded business scope. All major decisions require shareholder approval at the upcoming EGM.