Deccan Bearings Ltd — Important, 01-01-1970: Company Update

Deccan Bearings' Independent Directors have assessed the open offer to acquire 52 lakh shares (26% of expanded capital) at Rs 10 each. They opined the offer is fair and reasonable, citing infrequent trading, GSM Stage 4 surveillance with zero EPS, and a valuation-backed price. Key updates include a revised open offer timeline, clarity that locked-in shares cannot be tendered, and updated financial statements until FY25. Shareholders should review the offer independently to make an informed decision.