Deccan Bearings Limited, a manufacturer of precision bearings, has announced the resignation of Miss Asha Pal, its Chief Financial Officer (CFO), effective February 25, 2025. The company disclosed this development in an official communication to the BSE Limited (BSE Code: 505703), as required under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details and Official Statement

According to the resignation letter dated February 25, 2025, Asha Pal has stepped down due to professional commitments. In her letter addressed to the Board of Directors, she expressed gratitude for the support and cooperation received during her tenure at Deccan Bearings Limited and extended best wishes for the company’s future endeavors.

The company, in turn, acknowledged the resignation and assured compliance with necessary regulatory requirements, including filing requisite forms with the Registrar of Companies and notifying the stock exchange.

Regulatory Disclosure as per SEBI Guidelines

As per SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, Deccan Bearings provided a structured disclosure outlining:

• Name of the Key Managerial Personnel (KMP): Miss. Asha Pal
• Reason for Resignation: Professional Commitments
• Effective Date of Resignation: February 25, 2025
• Brief Profile (if applicable): Not Applicable
• Disclosure of Relationship with Directors: Not Applicable

Impact on Deccan Bearings and Next Steps

While the company has not yet announced a replacement for the CFO position, it is expected to appoint a new financial head soon to ensure continued financial management and strategic planning.

The resignation of a CFO can be a critical development for any company, affecting investor sentiment and financial stability. However, as the resignation is due to professional commitments and not linked to financial or operational concerns, the impact on stock performance and business continuity is expected to be minimal.

Deccan Bearings' Compliance and Future Outlook

With the resignation announcement, Deccan Bearings Limited has complied with SEBI’s disclosure norms and notified its stakeholders in a timely manner. The company will likely focus on finding a suitable replacement to maintain its financial governance and corporate strategy.

Investors and market participants will be watching for updates regarding the new CFO appointment and any potential changes in financial policies or corporate strategy as a result of this leadership transition.

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