Annual Secretarial Compliance report for the year ended March 31 2025
NRBBEARING · price
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NRB Bearings has filed its Annual Secretarial Compliance Report for FY25, certified by Practising Company Secretary Mr. Upendra Shukla. The company was found compliant across all 13 areas reviewed, including secretarial standards, board policies, website disclosures, director qualifications, related party transactions, insider trading, and event disclosures. No new deviations, penalties, or SEBI/stock exchange actions were reported during FY25. The report also confirms there is no material subsidiary and no statutory auditor resignation during the year. In the Annexure, the previous year's (FY24) issue was noted: the company delayed passing a special resolution before re-designating Mr. Satish Rangani (who turned 75 on 13/11/2023) as a Non-Executive Director, attracting a fine of Rs. 1,51,040 (including GST). The company subsequently passed the resolution on 25/02/2024 and has applied for a waiver of the penalty with BSE and NSE on 04/06/2024, but has not yet received a response.
A clean compliance certificate for FY25 is mildly positive for governance perception, with no new penalties. However, the unresolved FY24 penalty waiver (Rs. 1.51 lakh fine) remains a minor overhang, though the financial impact is negligible.