NRB Bearings holds 60th AGM; approves dividend, re-appointment of MD, hike in authorised capital

NRB Bearings Ltd conducted its 60th Annual General Meeting (AGM) on Thursday, 11 September 2025, through video conferencing, in line with the Ministry of Corporate Affairs and SEBI guidelines. The meeting commenced at 3:00 pm and concluded at 3:59 pm, with e-voting facilities provided both before and during the proceedings.

Chairman Ashank Desai presided over the meeting, addressing shareholders on the company’s performance in FY25 and its future plans. Vice-Chairman and Managing Director also shared business updates during the session. The requisite quorum was present, and all items of business outlined in the AGM notice dated 9 August 2025 were taken up.

Among the key resolutions, shareholders approved the audited standalone and consolidated financial statements for the year ended 31 March 2025, declared a final dividend on equity shares, and confirmed the interim dividend paid during FY25. They also reappointed director Satish Rangani, who retired by rotation, and ratified the remuneration of the cost auditor.

Under special business, the company secured approval to reappoint Ms. Harshbeena Zaveri as Managing Director for a five-year term starting 1 October 2025, appointed M/s Upendra Shukla & Associates as secretarial auditor, increased its authorised share capital with a consequential amendment to its Memorandum of Association, and inducted Mr. Tashwinder Singh as a Non-Executive, Non-Independent Director effective 9 August 2025.