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

Deccan Bearings Limited has announced a board meeting where 11 resolutions were approved with strong shareholder support via e-voting and video conferencing. Key approvals include a preferential issue of 1.78 Cr equity shares to non-promoters, increasing the authorized share capital to Rs. 20 Cr, and appointments of multiple independent directors. The appointment of Priyankbhai Vasantbhai Ghelani as Managing Director with fixed remuneration also received shareholder approval. Additionally, the company secured approvals for raising borrowing limits and authorizing loans, investments, guarantees, and securities beyond prescribed limits. These decisions strengthen the company’s financial flexibility and governance framework.