Satani Bearings Limited has scheduled its 41st Annual General Meeting for Tuesday, September 29, 2026, at 6:00 pm IST. The meeting will be conducted through Online Audio-Visual Mode (OAVM) in compliance with the Companies Act, 2013 and SEBI (LODR) Regulations, 2015.

The company confirmed that notices have been dispatched electronically to shareholders with registered email addresses. Copies of the documents are available on the company website and the BSE India portal.

Voting Timeline and Eligibility

Shareholders are eligible to vote based on equity holdings as of the record date, September 22, 2026. Voting rights are proportional to the paid-up share capital held.

Remote e-voting via the National Securities Depository Limited (NSDL) system will be open from Saturday, September 26, 2026, at 9:00 am to Monday, September 28, 2026, at 5:00 pm IST. Members who cast remote votes may attend the AGM but cannot vote again during the meeting.

Those attending the AGM who have not voted remotely and are not barred from voting will be eligible to cast their votes during the session.

Shareholder Resources

For assistance, shareholders can access FAQs and user manuals at the NSDL e-voting portal. Support is available via toll-free numbers 1800 1020 990 and 1800 22 44 30, or by email at evoting@nsdl.co.in .

The notice was signed by Tanuj Pareshkumar Satani, Whole-Time Director (DIN: 11387693), on September 9, 2026.

Satani Bearings Limited (formerly Deccan Bearings Limited) reported a net profit of ₹5.12 lakh for the financial year ended March 31, 2026 (FY26), reversing a net loss of ₹16.37 lakh in the previous year. The company generated revenue from operations of ₹35.44 crore, compared to nil revenue in FY25.

The turnaround was supported by significant trading activity, with purchases of stock-in-trade reaching ₹34.09 crore. Total income for the year stood at ₹35.52 crore, while total expenses amounted to ₹35.43 crore. The Board of Directors did not recommend any dividend for the year.

What the Numbers Show

The company’s profitability is heavily concentrated in related-party transactions. Sales to three related entities—Satani Forge & Turn, Satani Industries, and Satani Hot Former—totalled approximately ₹40.21 crore, which exceeds the reported revenue from operations of ₹35.44 crore. This suggests that the majority of the company's turnover is derived from intra-group or promoter-linked entities rather than independent third-party customers.

Furthermore, other income contributed significantly to the bottom line. Interest income alone stood at ₹6.09 lakh, constituting roughly 85% of the final net profit of ₹5.12 lakh. This indicates that operational margins are thin, with non-operating income playing a critical role in achieving profitability.

Balance Sheet and Capital Structure

The company raised ₹17.82 crore through the preferential allotment of 1.78 million equity shares during the year. This infusion increased the issued share capital to ₹20.00 crore. As of March 31, 2026, cash and cash equivalents stood at ₹12.15 lakh, up from ₹0.73 lakh in the previous year.

A notable item on the balance sheet is a corporate deposit of ₹17.50 crore classified under other non-current assets. The auditor noted that this amount was paid to M/s Satani Hot Former, a related party, as a guarantee for the faithful performance of its obligations. Trade receivables rose sharply to ₹24.74 crore, primarily due to outstanding dues from related parties.

Corporate Actions and Governance

The company is seeking shareholder approval for several strategic changes at its Annual General Meeting scheduled for September 29, 2026. Key proposals include:

• Shifting the registered office from Mumbai, Maharashtra, to Rajkot, Gujarat.
• Acquiring the businesses of Satani Industries and Satani Forge & Turn on a slump sale basis.
• Reappointing Chirag Ramjibhai Satani as a director.

The statutory auditor, PAMS & Associates, resigned during the year with effect from June 19, 2026. The Board has recommended the appointment of Bhatt Shah Mekhia & Co. as the new statutory auditors for a five-year term.