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

Acquirers are making an open offer to acquire up to 0.52 crore equity shares, representing 26% of Deccan Bearings Limited's expanded voting capital, at ₹10 per share. The company's Independent Directors have assessed the offer price as fair. The offer is not a competing bid. Eligible public shareholders, whether holding shares physically or in dematerialized form, can tender their shares. The Letter of Offer has been dispatched, and investors can participate by following the outlined procedure through their brokers, providing an opportunity to exit at the stated price.