Annual Secretarial Compliance Report for the Year Ended March 31, 2026
NRBBEARING · price
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NRB Bearings Ltd has submitted its Annual Secretarial Compliance Report for FY2026, prepared by Practising Company Secretary Upendra Shukla. The report examines compliance with SEBI regulations including LODR, SAST, PIT, and other applicable laws. The company has reported full compliance across 13 checked parameters including secretarial standards, board evaluations, related party transactions, insider trading norms, and website disclosures. The report confirms no statutory auditor resignations and no additional non-compliances. However, the report notes that BSE rejected the company's waiver request for a penalty levied for violation of Regulation 17(1A) (related to director appointment requirements) during Q1 March 2024. The company has two step-down overseas material subsidiaries: NRB (Thailand) Limited and NRB Bearings Europe GmbH.
The company has demonstrated strong regulatory compliance for FY2026 with no new violations. The pending penalty matter from Q1 FY2024 (BSE rejection of waiver) remains unresolved but does not impact current operations. Shareholders can view this as a routine compliance filing with no material concerns.