Deccan Bearings Officially Renamed to Satani Bearings Limited by MCA
The Ministry of Corporate Affairs has approved the name change of Deccan Bearings Limited to Satani Bearings Limited, effective January 05, 2026. This follows the recent completion of an open offer by the Satani family group and subsequent reclassification of seven former promoter entities to public shareholder status, representing a significant corporate restructuring.
*this image is generated using AI for illustrative purposes only.
Deccan Bearings Limited has officially been renamed to Satani Bearings Limited following approval from the Ministry of Corporate Affairs (MCA). The company received its fresh Certificate of Incorporation consequent to the name change dated January 05, 2026, marking a significant milestone in its corporate transformation.
Official Name Change Approval
The Ministry of Corporate Affairs, through its Central Processing Centre in Manesar, Haryana, issued the Certificate of Incorporation pursuant to change of name on January 05, 2026. The certificate confirms that the company name has been officially changed from "DECCAN BEARINGS LTD" to "SATANI BEARINGS LIMITED" with effect from the certificate date.
| Corporate Details: | Information |
|---|---|
| New Company Name: | SATANI BEARINGS LIMITED |
| Former Name: | DECCAN BEARINGS LIMITED |
| CIN: | L29130MH1985PLC035747 |
| Approval Date: | January 05, 2026 |
| Certificate Authority: | Ministry of Corporate Affairs |
Recent Corporate Restructuring
This name change follows the recent completion of a significant promoter reclassification process. The company had previously completed an open offer conducted by Mr. Pareshbhai Gushbhai Satani, Mr. Tanuj Pareshkumar Satani, Mr. Chirag Ramjibhai Satani, and Mr. Ramjibhai Gushbhai Satani along with their Persons Acting in Concert (PACs). The open offer concluded on November 26, 2025, leading to the reclassification of multiple promoter group members to the public category.
Reclassified Former Promoters
The following entities were reclassified from promoter to public category following the open offer:
| Reclassified Members: | New Status |
|---|---|
| Mr. Satyajit Mishra: | Public Shareholder |
| Kiran N Vora HUF: | Public Shareholder |
| Mrs. Prerna Kvora: | Public Shareholder |
| Mr. Manish N Vora: | Public Shareholder |
| Mrs. Nirupa N Vora: | Public Shareholder |
| Nirupa N Vora HUF: | Public Shareholder |
| NIP Exports Private Limited: | Public Shareholder |
Regulatory Compliance and Transition Requirements
The name change has been executed in full compliance with regulatory requirements under SEBI (LODR) Regulations, 2015. As per the MCA certificate, the company is obligated to display its former name "DECCAN BEARINGS LIMITED" along with the new name "SATANI BEARINGS LIMITED" for a period of two years at all places where the company is required to display its name under Section 12 of the Companies Act.
The certificate was digitally signed by Brijesh Kain, Assistant Registrar of Companies at the Central Processing Centre, ensuring the authenticity and legal validity of the name change process. This corporate transformation represents a complete restructuring of the company's identity and ownership structure, aligning with the new promoter group led by the Satani family.
Historical Stock Returns for Deccan Bearings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.99% | -1.98% | +111.62% | +179.76% | +229.97% | +5,748.08% |
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