Satani Bearings Limited (formerly known as Deccan Bearings Limited) has published a corrigendum to its Extra Ordinary General Meeting (EGM) notice in compliance with regulatory requirements. The company submitted the newspaper advertisement to the Bombay Stock Exchange on April 16, 2026, addressing specific changes to the original EGM notice.

EGM Schedule and Regulatory Compliance

The Extra Ordinary General Meeting remains scheduled for Thursday, April 30, 2026. The corrigendum was published in both Active Times (English) and Mumbai Lakshdeep (Marathi) newspapers on April 16, 2026, ensuring compliance with Regulations 30 and 47 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Corrigendum Details

The corrigendum specifically addresses changes in website information for taking on record the certificate issued by the Statutory Auditor in connection with the company's name change. This certificate was inadvertently not taken on record in the previous EGM held on December 19, 2025, where approval for the name change was obtained.

The company emphasized that except for the stated changes, all other contents of the EGM notice remain unchanged. The corrigendum forms an integral part of the EGM notice and should be read in conjunction with the original document.

Document Availability

The corrigendum has been circulated to company members and is available on multiple platforms for shareholder access:

• Company website: www.satanibearings.com
• BSE Limited website: www.bseindia.com

Company Information

Satani Bearings Limited operates under CIN L29130MH1985PLC035747, with its registered office located at 136, B Wing Arista, I.B. Patel Road, Saki Vihar Road, Sakinaka, Andheri (East), Mumbai, Maharashtra, 400072. The notice was signed by Tanuj Pareshkumar Satani, Whole Time Director (DIN: 11387693), ensuring proper authorization and compliance with corporate governance requirements.

Satani Bearings Limited (formerly known as Deccan Bearings Limited) has submitted newspaper advertisement copies to BSE Limited regarding its Extra-Ordinary General Meeting (EGM) scheduled for April 30, 2026 at 04:30 PM IST. The submission, made on April 08, 2026, complies with Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Advertisement Publication

The company published advertisements in Active Times (English) and Mumbai Lakshdeep (Marathi) newspapers on April 08, 2026, informing stakeholders about the upcoming EGM. The submission was signed by Tanuj Pareshkumar Satani, Whole Time Director (DIN: 11387693), ensuring proper regulatory compliance.

Meeting Schedule and Voting Framework

The EGM will be conducted through Video Conferencing (VC) and Other Audio-Visual Means (OAVM) in compliance with regulatory requirements. The company has established a comprehensive timeline for shareholder participation:

Purva Sharegistry (India) Pvt. Ltd has been engaged to provide remote e-voting facilities, ensuring compliance with Section 108 of the Companies Act, 2013.

Major Corporate Restructuring Proposals

Authorized Capital Enhancement

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

Share Split Implementation

The company proposes subdividing existing equity shares to enhance liquidity:

Enhanced Financial Powers and Business Diversification

Shareholders will consider expanding borrowing capacity up to INR 500 crores under Section 180(1)(c) of the Companies Act, 2013, along with investment and lending authority up to INR 500 crores beyond Section 186 limits.

The agenda includes business diversification into agro and food processing sectors, enabling the company to manufacture, process, and trade agricultural products, spices, and related items.

Corporate Governance and Accessibility

The EGM notice is available on the company's website at https://satanibearings.com/ and BSE's website. Mr. Abhishek Chhajad from M/s SCS AND CO LLP has been appointed as Scrutinizer to ensure transparent voting processes. The meeting will also consider adoption of new Memorandum and Articles of Association aligned with the Companies Act, 2013.