Deccan Bearings Ltd — Board Meeting, 03-07-2025: Board Meeting

Deccan Bearings Limited has announced a board meeting outcome where the allotment of 98,64,427 equity shares at Rs 10 each was approved. The shares were fully subscribed by three non-promoter investors, with a total subscription amount of Rs 9.86 Cr. This preferential allotment supports the company’s equity base expansion, reflecting capital infusion from new investors. This move could enhance the company’s financial flexibility and support growth initiatives, benefiting shareholders by potentially strengthening the company’s market position.