Deccan Bearings Ltd — Updates, 30-07-2025: Company Update

Deccan Bearings has received a reclassification request from NIP Export Pvt Ltd, moving them from 'Promoter' to 'Public' category. NIP Exports, formerly part of the promoter group, now holds 0% shares after selling its entire stake to Mr. Satyajit Mishra. Mr. Mishra completed an open offer and is now the largest shareholder, expected to be the new promoter. This marks a significant shift in the company's ownership dynamics, as a former promoter entity formally exits its classified status. The company will initiate the required process.