Deccan Bearings Ltd — Others, 29-05-2025: AGM/EGM

Deccan Bearings Ltd has announced the successful conclusion of its Extra-Ordinary General Meeting held via video conference, where all resolutions were approved by shareholders with the required majority. Key decisions include a preferential issue and allotment of 1.78 crore equity shares to non-promoter investors, an increase in authorized share capital to Rs. 20 crore, and the appointment of multiple directors including the Managing Director, Priyankbhai Vasantbhai Ghelani. Shareholders also approved raising the company’s borrowing limits and sanctioning higher thresholds for loans, investments, guarantees, and security provisions. This strengthens the company's governance and financial flexibility.