Satani Bearings Ltd. Announces Capital Increase, Rights Issue, and Other Major Decisions

Satani Bearings Ltd. has announced several major decisions during its Board of Directors meeting on April 2, 2026. The company has approved an increase in its authorized capital from Rs. 20,00,00,000 to Rs. 35,00,00,000 divided into 3,50,00,000 Equity Shares of Rs. 10/- each. The company also plans to raise funds up to Rs. 50 Crore through a rights issue. The Board has empowered the creation of charges, mortgages, and hypothecation on the company's properties up to Rs. 500 Crores. The borrowing powers have also been increased to the same amount. The company has approved the enhancement of investment, loan, and guarantee limits to INR 500 Crores. Ms. Niyati Yogesh Lad has been appointed as the Company Secretary & Compliance Officer. The company has also approved the incorporation of a Wholly Owned Subsidiary in the United Arab Emirates and the adoption of a new set of Memorandum and Association as per the Companies Act, 2013.