Deccan Bearings Completes Promoter Reclassification Following Open Offer
Deccan Bearings Limited has completed the reclassification of seven promoter group members to public category following the completion of an open offer on November 26, 2025. The reclassification includes Mr. Satyajit Mishra, various Vora family entities, and NIP Exports Private Limited, representing a significant change in the company's ownership structure in compliance with SEBI regulations.
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Deccan Bearings Limited has completed the reclassification of multiple promoter group members from the 'Promoter' category to the 'Public' category following the completion of an open offer. The company disclosed that the open offer concluded on November 26, 2025, triggering the automatic reclassification of outgoing promoters as per their stated intent.
Open Offer Completion and Reclassification
The open offer was 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) pursuant to Regulation 34 of SEBI (SAST) Regulations, 2011. The completion of this open offer on November 26, 2025, facilitated the reclassification process for the erstwhile promoters.
Reclassified Promoter Group Members
The following promoter group members have been reclassified to public category:
| Reclassified Members: | Status |
|---|---|
| Mr. Satyajit Mishra: | Reclassified to Public |
| Kiran N Vora HUF: | Reclassified to Public |
| Mrs. Prerna Kvora: | Reclassified to Public |
| Mr. Manish N Vora: | Reclassified to Public |
| Mrs. Nirupa N Vora: | Reclassified to Public |
| Nirupa N Vora HUF: | Reclassified to Public |
| NIP Exports Private Limited: | Reclassified to Public |
Regulatory Compliance and Disclosure
The reclassification has been carried out pursuant to Regulation 31A(10) read with Regulation 30 of SEBI (LODR) Regulations, 2015. In a revised disclosure dated December 11, 2025, the company corrected an inadvertent omission by including NIP Exports Private Limited, which was previously missed in the initial disclosure despite being identified as an outgoing promoter in the letter of offer filed under SEBI regulations.
Corporate Governance Impact
This reclassification represents a significant change in the company's ownership structure, with multiple promoter group entities now classified as public shareholders. The process was completed in accordance with the intent disclosed in the letter of offer filed with SEBI and BSE, ensuring transparency and regulatory compliance throughout the transition.
Historical Stock Returns for Deccan Bearings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +27.54% | +70.27% | +85.84% | +108.77% | +3,600.00% |
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