Dear Members,
Your Directors have pleasure in presenting 40 rh Annual Report of Deccan Bearings Ltd
['The Company'], together with the Audited Financial Statements [standalone and
consolidated] for the Financial Year ended March 31,2025.
HIGHLIGHTS OF FINANCIAL PERFORMANCE
(In Rs)
| Particulars |
2024-25 |
2023-24 |
| Revenue from Operations |
0.00 |
0.00 |
| Other Income |
4,00,790.10 |
4,56,618.00 |
| Total Income |
4,00,790.10 |
4,56,618.00 |
| Total Expenses |
19,98,188.00 |
22,25,590.00 |
| Profit before Tax |
(15,97,398.00) |
(17,68,972.00) |
| Total Tax Expenses |
39,446.00 |
0.00 |
| Net Profit/(Loss) |
(16,36,844.00) |
(17,68,972.00) |
| Earnings Per Equity Share [in Rs.] |
|
|
| Basic |
[0.75] |
(0.81) |
| Diluted |
[0.75) |
(0.81) |
Note: Previous year's figures have been regrouped/reclassified wherever necessary
to correspond with the currentyear's classification/disclosure.
OVERVIEW
During the year under review, there was no Revenue from operations of the Company other
income for FY 2024-25 was Rs. 4,00,790.00 as compared to Rs. 4,56,618.00 for FY 2023-24.
The loss after tax ["PAT"] attributable to shareholder for FY 2024-25 was Rs.
16,36,844.00 as against Rs. 17,68,972.00 for FY 2023-24.
Earnings per share was Rs [0.75] [Basic] and [Diluted] stood at in FY 2024-25 as
compared to Rs.[0.81] [Basic] and [Diluted] in FY 2023-24.
The company's Financial Statements have been prepared in compliance with the Indian
Accounting Standards [Ind-AS] as notified under the Companies [Indian Accounting
Standards] Rules, 2015, in accordance with Section 133 of the Companies Act, 2013, and
other applicable provisions of the Act The annual accounts have been prepared without any
significant deviations from the prescribed accounting norms.
The company ensures timely adoption of new or amended Ind-AS as applicable, and any
material impact arising from such changes is appropriately disclosed in the financial
statements. The financial reporting process involves a thorough review by the finance team
and consultation with external auditors to ensure adherence to statutory requirements.
TRANSFER TO RESERVES
Your Directors do not propose to transfer any amount to General Reserves for the year
under review.
CHANGE IN THE NATURE OF BUSINESS, IF ANY
There was no change in the nature of business of the Company during the year.
DIVIDEND
Your Directors did not recommend any dividend for the year.
INCREASE IN ISSUED, SUBSCRIBED AND PAID-UP EQUITY SHARE CAPITAL
There has been no increase/decrease in the Authorized Share Capital of your Company
during the year under review.
*Subsequent to the end of the financial year, with the approval of Members in the Extra
ordinary General Meeting held on 27 th May, 2025 the Authorised vcapital of the company
from Rs. 3,25,00,000/- (Rupees Three Crore Twenty Five Lakhs only) consists of 32,50,000
(Thirty Two Lakhs Fifty Thousand) equity shares of Rs. 10/- (Rupees Ten only) each to Rs.
20,00,00,000/- (Rupees Twenty Crore Only) consisting of 2,00,00,000 {Two Crore) Equity
Shares of face value of Rs. 10/- (Rupees Ten only)
** Subsequent to the end of the financial year in the Extra ordinary General Meeting
held on 27 th May, 2025 the company has issued and allot 1,78,16,666 (Equity Shares of the
Company of face value of Rs. 10/- per Equity Share at an issue price of Rs. 10/- each,
aggregating to Rs. 17,81,66,660/- to the Non promoters.
LISTING OF EQUITY SHARES
The Company's equity shares are listed on the following Stock Exchange:
(i) BSE Limited, Phiroze Jeejeebhoy Towers, Dalai Street, Mumbai - 400 001,
Maharashtra, India;
SUBSIDIARIES, ASSOCIATES AND JOINT VENTURE COMPANIES
The Company does not have any Subsidiary, Associates and Joint Venture companies
ANNUAL RETURN
In terms of Section 92(3) of the Companies Act, 2013 and Rule 12 of the Companies
(Management and Administration) Rules, 2014, the Annual Return of the Company is available
on the website of the Company at www.deccanbearings.in .
MANAGEMENT S DISCUSSION AND ANALYSIS
Management's Discussion and Analysis Report for the year under review, as stipulated
under Regulation 34 (3] read with Schedule Part V of the SEBI [Listing Obligations and
Disclosures Requirements] Regulations, 2015 with Stock Exchange in India, is presented in
a separate Annexure -I forming part of the Annual Report.
BOARD OF DIRECTORS AND KEY MANAGERIAL PERSONNEL KMPl Composition
The Company recognizes that a diverse and well-balanced Board is fundamental to its
sustained success and effective governance. In alignment with the provisions of Section
149 of the Companies Act, 2013 and Regulation 17 of the SEBI [Listing Obligations and
Disclosure Requirements] Regulations, the composition of the Board reflects an optimal mix
of Executive and Non-Executive Directors.
The Board comprises individuals with a wide spectrum of expertise, including industry
knowledge, financial acumen, legal insight, and operational experience. The Directors also
bring in diverse regional, cultural, and geographical perspectives, which contribute
meaningfully to informed decision-making and help maintain the Company's strategic edge in
a competitive environment
As of March 31, 2025, the Board consisted of seven [7] Directors, including:
?€? One Executive Directors and
?€? Six Independent Director including one Woman Independent Director
A ppointment/ Re-appointmen t/Resignation :
During the Financial Year 2024-25:
1. Mr. Priyankbhai Vasantbhai Ghelani [DIN: 10989804] appointed as [Executive- Managing
Director] Additional Director of the Company w.e.f 15 th March, 2025 and regularised at
the Extra-Ordinary General Meeting dated 27 th May, 2025;
2. Mrs. Aakansha Vaid [DIN: 02796417] appointed as [Non-executive Independent]
Additional Director of the Company w.e.f 22 mt October, 2024 and regularised at the Extra
Ordinary General Meeting dated 27 th May, 2025;
3. Mr. Nitin Arvind Oza [DIN: 03198502] appointed as [Non-executive Independent]
Additional Director of the Company w.e.f 22 nd October, 2024 and regularised at the Extra
Ordinary General Meeting dated 27 th May, 2025;
4. Mr. Nishith Trivedi (DIN: 10332082] appointed as (Non-executive Independent]
Additional Director of the Company w.e.f 15 th March, 2025 and regularised at the Extra
Ordinary General Meeting dated 27 th May, 2025;
5. Mr. Ajay Jagdishbhai Gohel [DIN: 10989812) appointed as [Non-executive Independent)
Additional Director of the Company vv.e.I IS** 1 March, 2025 and regularised at the Extra
Ordinary General Meeting dated 27 th May, 2025;
6. Mr. Ritesh Mohan Parab [DIN: 09494605) resigned from the post of Managing Director
vv.e.f 01 st December, 2024;
7. Mr. Vinay Tendulkar Harishchandra [DIN: 00343153) Director (Non- Executive
Independent) of the Company w.e.f 01 st December, 2024;
8. Mr. Priyankbhai Ghelani appointed as Chief Financial Officer (CFO) of The Company
w.e.f 15* March, 2025;
9. Ms. Asha Pal (Membership No. A58325) appointed as Company Secretary of the Company
w.ef 11 th February, 2025;
10. Ms. Asha Pal who was appointed as Chief Financial Officer on 11* February, 2025
resigned from the post of CFO w.e.f 25 th February, 2025;
11. Mrs. Archana Sharma (Membership No: A38513) who was appointed as Company Secretary
of the Company on 16 th August, 2024, resigned from the Company w.e.f 10th February, 2025;
12. Mrs. Archana Sharma who was appointed as Chief Financial Officer of the Company on
05* September, 2024 resigned as Chief Financial Officer of the Company w.e.f 10 th
February, 2025;
13. Mr. Vimal Amrutlal Marvanis resigned from the post of CFO on 21 st June, 2024;
14. Mr. Ritesh Mohan Parab (DIN: 09494605) retire by rotation and be and is hereby
reappointed as a Director of the Company on 39th Annual general Meeting held on 30th
September, 2024;
15. Ms. Sneha Lohogaonkar (Membership No. A49891) resigned from the post of Company
Secretary and Compliance Officer of the Company w.e.f. 14* August, 2024;
Directors retiring by rotation
Pursuant to the provisions of Section 152 of the Act read with the relevant rules made
thereunder, one-third of the Directors are liable to retire by rotation every year and if
eligible, offer themselves for re-appointment at the AGM.
Mr. Priyanbhai Vasantbhai Ghelani (DIN: 10989804), who retires by rotation as a
Director being longest in the office are liable to retire by rotation at the ensuing
Annual General Meeting ("AGM") and being eligible, has sought re-appointment.
Based on recommendation of the Nomination and Remuneration Committee, the Board of
Directors has recommended their re-appointment and the matter is being placed for seeking
approval of members at the ensuing Annual General Meeting of the Company.
Pursuant to Regulation 36 of the SEB1 Listing Regulations read with Secretarial
Standard-2 on General Meetings, necessary details of Mr. Priyanbhai Vasantbhai Ghelani
(DIN: 10989804), are provided as an Annexure to the Notice of the Annual General
Meeting.
None of the Directors of the Company are disqualified for being appointed as Directors
as specified in Section 164(2) of the Companies Act, 2013 and Rule 14(1) of the Companies
(Appointment and Qualification of Directors) Rules, 2014.
Key Managerial Personnel
1. Mr. Priyanbhai Vasantbhai Ghelani is Chief Financial Officer of the Company
2. Ms. Asha Pal is the Company Secretary of the Company
INDEPENDENT DIRECTORS:
Statement on declaration given by Independent Directors
The Company has four Independent Directors, namely Mr. Sandip Keshav Pawar, Mrs. Shilpa
Sagar Parab, Mr. Nishith Trivedi Trivedi, Mr. Ajay Jagdishbhai Gohel, Mrs. Aakansha Vaid
and Mr. Nitin Arvind Oza. Each of them has submitted the requisite declarations under
Section 149(7) of the Act, affirming that they meet the criteria of independence as
outlined in Section 149(6) of the Act and Regulation 16(l)(b) of the SEBI Listing
Regulations.
In accordance with Regulation 25(8) of the SEBI Listing Regulations, all Independent
Directors have further confirmed that they are not aware of any circumstances or
situations that could impair their independence or affect their ability to exercise
objective judgment free from external influence.
The Board of Directors has reviewed and duly noted these declarations and confirmations
after conducting a thorough assessment of their accuracy. The Independent Directors have
also affirmed compliance with the provisions of Schedule IV of the Act (Code for
Independent Directors) and the Company's Code of Conduct. There has been no change in the
status or circumstances that would affect their designation as Independent Directors
during the reporting period.
Additionally, the Company has received confirmation from all Independent Directors
regarding their registration in the Independent Directors' databank, maintained by the
Indian Institute of Corporate Affairs, in accordance with Rule 6 of the Companies
(Appointment and Qualification of Directors) Rules, 2014.
The terms and conditions of appointment of the Independent Directors are placed on the
website of the Company at www.deccanbearings.in .
Familiarization Programme for Independent Directors
Your Company has adopted a formal Familiarisation Programme for Independent Directors
to support their effective participation on the Board. As part of the familiarisation
process, the Company provides detailed insights into its business operations, industry
dynamics, organizational structure, and group-level businesses. Independent Directors are
also informed about the regulatory and compliance obligations under the Companies Act,
2013 and the SEBI Listing Regulations.
The details of Familiarization Programmes are placed on the website of the company and
the website of the company www.deccanbearings.in .
DIRECTORS' RESPONSIBILITY STATEMENT
Pursuant to Section 134(5) of the Act, in relation to the audited financial statements
of the Company for the year ended 31st March, 2025; the Board of Directors hereby confirms
that:
I. In the preparation of the annual accounts for the financial year ended March
31,2025, the applicable accounting standards have been followed and there were no material
departures;
II. The Directors have selected such accounting policies and applied them consistently
and made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the Company as on March 31, 2025 and of the profit of
the Company for the year ended on that date;
III. The Directors have taken proper and sufficient care for the maintenance of
adequate accounting records in accordance with the provisions of the Act for safeguarding
the assets of the company and for preventing and detecting fraud and other irregularities;
IV. The Directors have prepared the annual accounts on a going concern basis;
V. The Directors have laid down internal financial controls to be followed by the
Company and that such internal financial controls are adequate and are operating
effectively; and
VI. The Directors have devised proper system to ensure compliance with the provisions
of all applicable laws and that such systems are adequate and operating effectively.
NUMBER OF MEETINGS OF THE BOARD
During the year under review, the Board has demonstrated a high level of involvement in
guiding the Company, supported by detailed discussions and timely decisions. In cases of
urgent or Extra Ordinary matters arising between scheduled meetings, the Board's approval
is obtained through resolutions passed by circulation, in accordance with the provisions
of the Act and relevant rules. These resolutions are noted and ratified at the subsequent
Board meeting to ensure formal documentation and compliance.
During the financial year. Nine (9) meetings of the Board of Directors were held, the
details of which are given in the Corporate Governance Report of the Company, which forms
a part of the Annual Report and is annexed as Annexure-II. The intervening gap
between the meetings was within the prescribed period under the Act and the SEBI Listing
Regulations.
CORPORATE GOVERNANCE REPORT
As on 31 st March, 2025 the paid up share capital of the company was not exceeding Rs.
10 Cr. and net worth not exceeding Rs. 25 Cr. Hence, the Corporate Governance Report not
applicable. However, the Company given the Corporate Governance Report as part of the
Annual Report and is annexed as Annexure-II
INDEPENDENT DIRECTORS
During the year under review, the Independent Directors of the Company met 1 (one) time
on February 14,2025.
ANNUAL BOARD EVALUATION
The Company has established a comprehensive framework for evaluating the performance of
the Board of Directors, its Committees, and individual Directors, in line with the
requirements of Sections 134 and 178 of the Act, Regulation 17(10) of the SEBI Listing
Regulations, and the Company's Nomination and Remuneration Policy. As part of this
evaluation process, structured and confidential questionnaires were circulated to all
Directors to obtain feedback on various aspects of the Board's functioning, the
effectiveness of its Committees, and the performance of each Director. The observations
and responses received were compiled, analyzed, and subsequently presented to the Chairman
of the Board for review and discussion.
COMMITTEES OF THE BOARD
As on March 31, 2025, the Board has constituted the following committees:
-Audit Committee
- Nomination and Remuneration Committee
- Stakeholder's Relationship Committee
During the year, all recommendations made by the committees were approved by the Board.
Details of all the Committees such as terms of reference, composition and meetings held
during the year under review are disclosed in the Corporate Governance Report, which forms
part of this Annual Report.
CORPORATE SOCIAL RESPONSIBILITY
As per Section 135 of the Companies Act, 2013 all companies having net worth of '500
crore or more' or turnover of Rs. 1000 crore or more or a net profit of Rs. 5 crore or
more during any financial year are required to constitute a appropriate corporate social
responsibility CSR Committee of the Board of Directors comprising there or more directors,
at least one of whom an independent director and such company shall spend at least 2 % of
the average net profits of the Company's three immediately preceding financial year. The
Company presently does not with any of the criteria stated herein above.
MATERIAL CHANGES AND COMMITMENT IF ANY AFFECTING THE FINANCIAL POSITION OF THE
COMPANY OCCURRED BETWEEN THE END OF THE FINANCIAL YEAR TO WHICH THIS FINANCIAL STATEMENT
RELATE AND THE DATE OF THE REPORT
1. During the period under review An Open Offer has been made pursuant to Regulations
3(1) and 4 read with 13(1) and 15(1) of the Takeover Code for the purpose of substantial
acquisition of equity shares and control by Mr. Paresh Gushabhai Satani, Mr. Tanuj
Pareshkumar Satani, Mr. Chirag Ramjibhai Satani and Mr. Ramjibhai Gushabhai Satani via
Public announcement made on dated 22 nd April, 2025;
2. A Share Purchase Agreement has been executed on April 22, 2025, amongst the Mr.
Paresh Gushabhai Satani (Acquirer) and Mr. Satyajit Mishra (Seller) pursuant to which
the Acquirer have agreed to acquire 11,47,504 [Eleven Lakhs Forty Seven Thousand Five
Hundred and Four) Equity Shares of the Target Company constituting 52.56% of the existing
paid-up Equity Share Capital of the Target at ?10/-[Rupees Ten) per Equity Share;
3. Further, all the Acquirers are taking steps to acquire up to 1,27,64,477 fully
paid-up equity Shares of Rs.10/- each by way of preferential allotment representing 63.82%
of the fully diluted expanded paid-up capital of the company
4. Vide Extra Ordinary General Meeting held on dated 27 th May, 2025 followings
business has been passed:
a. Preferential Issue and Allotment of 1,78,16,666 Equity Shares of Face Value
of Rs. 10/- each to Non Promoter [s) of the Company.
b. Increase in Authorized Share Capital of the Company up to Rs. 20,00,00,000/-
(Rupees Twenty Crore Only) consisting of 2,00,00,000 [Two Crore) Equity Shares of Face
Value of Rs. 10/- [Rupees Ten Only) Per Equity Share.
c. Approval of Loans, Investments, Guarantee or Security Under Section 185 of
Companies Act, 2013.
d. Make Loans or Investments) or Provide Security and Guarantee in excess of the
Prescribed Limits Under Section 186 of the Companies Act, 2013.
POLICY ON DIRECTORS APPOINTMENT AND REMUNERATION:
The current policy is to have an appropriate mix of executive and independent directors
to maintain the independence of the Board and separate its functions of governance and
management. As on 31st March, 2025, the Board consists of 6 members. Out of which Two are
executive Director, Three non - executive Independent Director and One non - executive Non
Independent Director.
The policy of the Company on directors appointment and remuneration, including criteria
for determining qualifications, positive attributes, independence of a director and other
matters provided under Sub section (3) of Section 178 of the Companies Act, 2013, adopted
by the Board and are stated in this Board report. We affirm that the remuneration paid to
the directors is as per the terms laid out in the nomination and remuneration policy of
the Company
NOMINATION AND REMUNERATION COMMITTEE AND STAKEHOLDERS RELATIONSHIP COMMITTEE:
Pursuant to the Section 178 of the Companies Act, 2013, the Company has set up a
Nomination and Remuneration and Stakeholders Relationship Committee. A detailed note on
the composition of the Committees is provided in the corporate governance report section
of this Annual Report
RISK MANAGEMENT POLICY:
Deccan Bearings Ltd is exposed to risks such as liquidity risk, Interest rate risk.
Credit risk and Operational risk that are inherent in the construction cum infrastructure
businesses and has extended the scope in the petroleum business. The infrastructure and
realty segment presently witnessing down trend. The Company decides to follow the
infrastructure and government sponsored projects in future as well as petroleum business.
INTERNAL CONTROL SYSTEMS AND THEIR ADEQUACY:
The establishment of an effective corporate governance and internal control system is
essential for sustainable growth and long-term improvements in corporate value, and
accordingly Deccan Bearings Ltd India Limited works to strengthen such structures. We
believe that a strong internal control framework is an important pillar of Corporate
Governance.
Your Company has put in place adequate internal financial controls commensurate with
the size and complexity of its operations. The internal controls ensure the reliability of
data and financial information to maintain accountability of assets.
The Company has an effective internal control and risk-mitigation system, which is
constantly assessed and strengthened with new/revised standard operating procedures. These
controls ensure safeguarding of assets, reduction and detection of fraud and error,
adequacy and completeness of the accounting records and timely preparation of reliable
financial information. Critical functions are rigorously reviewed and the reports are
shared with the Management for timely corrective actions, if any. Business risks and
mitigation plans are reviewed and the internal audit processes include evaluation of all
critical and high-risk areas.
The internal and operational audit is entrusted to M/s Manas Das & Co. The main
focus of internal audit is to review business risks, test and review controls, assess
business processes besides benchmarking controls with best practices in the industry.
Significant audit observations and follow-up actions thereon are reported to the Audit
Committee. For ensuring independence of audits, internal auditors report directly to the
Audit Committee, any. Business risks and mitigation plans are reviewed and the internal
audit processes include evaluation of all critical and high-risk areas.
STATUTORY AUDITORS:
M/s. PAMS & Associates, FIRM Registration No: FRN: 316079E were appointed as
Statutory Auditors of the Company for a period of five consecutive years from the 39 th
Annual General Meeting (AGM) to 43 rd AGM on a remuneration mutually agreed upon by the
Board of Directors appointed in the 39 th AGM held on 30 th September, 2024 and the
Statutory Auditors. Pursuant to the amendments made to Section 139 of the Act by the
Companies (Amendment) Act, 2017 effective from May 07, 2018, the requirement of seeking
ratification of the Members for the appointment of the Statutory Auditors has been
withdrawn from the Statute. Hence the resolution seeking ratification of the Members for
continuance of their appointment at this AGM is not being sought.
AUDITORS REPORT:
The Auditors have not made any qualification to the financial statement. Their reports
on relevant notes on accounts are self-explanatory and do not call for any comments under
section 134 of the companies Act, 2013.
SECRETARIAL AUDITORS AND THEIR REPORT:
M/s Amarendra Mohapatra & Associates, Practicing Company Secretary was appointed to
conduct the Secretarial audit of the Company for the financial year 2024-25, as required
under Section 204 of the Companies Act, 2013 and Rules thereunder. The Secretarial Audit
Report for F.Y. 2024-25 is Annexure-III to this Board's Report.
The Board recommended to appoint M/s Amarendra Mohapatra & Associates, Practicing
Company Secretary for the financial year 2025-26 to 2027-28.
RELATED PARTY TRANSACTIONS/CONTRACTS:
The Company has implemented a Related Party Transactions policy for the purposes of
identification and monitoring of such transactions. The policy on related party
transactions is uploaded on the Company's website. All related party transactions are
placed before the Audit Committee for approval. Prior omnibus approval of the Audit
Committee is obtained on an annual basis which is reviewed and updated on quarterly basis.
Pursuant to the Section 134(3) (h) of the Companies Act, 2013 and Rule 8(2) of the
Companies (Accounts) Rules, 2014, there were no contract where in the related parties are
interested. In accordance with the provisions of the Companies Act, 2013, the details of
related party transactions are available in the Notes to the Standalone financial
statements section of the Annual Report.
PARTICULARS OF LOANS, GUARANTEES OR INVESTMENTS:
Loans, Guarantees and Investments covered under section 186 of the Companies Act, 2013
form part of the notes to the financial statements provided in this Annual Report.
HUMAN RESOURCES MANAGEMENT:
We take this opportunity to thank employees at all levels for their dedicated service
and contribution made towards the growth of the company. The relationship with the workers
of the Company's manufacturing units and other staff has continued to be cordial. To
ensure good human resources management at the company, we focus on all aspects of the
employee lifecycle. Duringtheir tenure atthe Company, employees are motivated through
various skill-development, engagement and volunteering programs.
In terms of Section 197(12) of the Companies Act, 2013, read with Rule 5(2) and 5(3) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014, no
employee(s) drawing remuneration in excess of limits set out in said rules forms part of
the annual report.
Considering the first proviso to Section 136(1) of the Companies Act, 2013, the Annual
Report is being sent to the members of the Company and others entitled thereto. The said
information is available for inspection at the registered office of the Company during
business hours from 11 a.m. to 5 p.m. on working days of the Company up to the date of the
ensuing Annual General Meeting. Any shareholder interested in obtaining a copy thereof,
may write to the Company Secretary in this regard.
COST AUDIT:
As per the Cost Audit Orders, Cost Audit is not applicable to the Company's
products/business of the Company for FY 2024-25.
PARTICULARS REGARDING CONSERVATION OF ENERGY, TECHNOLOGY ABSORPTION AND FOREIGN
EXCHANGE EARNINGS AND OUTGO:
The details of conservation of Energy, Technology Absorption are notapplicable in the
case of the company. However, the company took adequate steps to conserve the Energy and
used the latest technology.
FOREIGN EXCHANGE (inflow/outflow):
During the year under review there were no foreign Exchange Earnings. The Foreign
Exchange outgo is Nil.
INSURANCE OF ASSETS:
All the fixed assets, finished goods, semi-finished goods, raw material, packing
material and goods of the company lying at different locations have been insured against
fire and allied risks.
BANK AND FINANCIAL INSTITUTIONS:
Directors are thankful to their bankers for their continued support to the company.
DISCLOSURE UNDER SEXUAL HARRASMENT OFWOMEN AT WORKPLACE (PREVENTION, PROHIBITION AND
REDRESSAL) ACT, 2013:
The Company has adopted a policy on prevention, prohibition and redressal of sexual
harassment at the workplace in line with the provisions of the Sexual Harassment of Women
at workplace (Prevention, Prohibition and Redressal] Act, 2013 and the Rules there under
for prevention and redressal of complaints of sexual harassment at workplace. The policy
is uploaded and can be viewed on the Company's website www.deccanbearings.in .
The details of Number of complaints of Sexual Harassment received, Number of complaints
disposed ofand Number of cases pending for more than ninety days in the Financial Year as
stated below:
| SL No. |
Particulars |
Comments |
| 1 |
Number of complaints of sexual harassment received in the
year |
NIL |
| 2 |
Number of complaints disposed off during the year |
NIL |
| 3 |
Number of cases pending for more than ninety days |
NIL |
ACKNOWLEDGMENTS:
Your Directors convey their sincere thanks to the Government, Banks, Shareholders and
customers for their continued support extended to the company at all times. The Directors
further express their deep appreciation to all employees for commendable teamwork, high
degree of professionalism and enthusiastic effort displayed by them during the year.
By Order of Board
For DECCAN BEARINGS LIMITED
| Date: 05.09.2025 |
SD/- PRIYANKBHAI V GHELANI |
SD/- NISHITH TRIVEDI |
| Place: Mumbai |
Managing Director |
Director |
|
DIN:10989804 |
DIN:08166461 |
|