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

fin Rs)

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 [lnd-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 lnd-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 fKMPl
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

Appointment/ Re-appointment/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^nd 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.f 15^th 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^th 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 re¬
appointed 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^th August, 2024;

Directors retiring by rotation

Pursuant to the provisions of Section 152 ofthe 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 atthe 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 SEB1 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
extraordinary 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 Allotmentof 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 ofthis 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
appointmentofthe 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-IH 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 atthe 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 ofthe
company. However, the company tookadequate 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
ofthe 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 ofthe 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:

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

SD/- SD/-

Date: 05.09.2025 PRIYANKBHAIV GHELANI NISHITH TRIVEDI

Place: Mumbai Managing Director Director

DIN:10989804 DIN:08166461