NRB Bearing Limited has informed the Exchange regarding Board meeting held on April 25, 2025.
NRBBEARING · price
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NRB Bearing's board approved a INR 200 crore capital investment to upgrade and expand capacity at its R&D Centre, Jalna, Chikalthana, Waluj and Hyderabad plants, as current capacity is nearly fully utilised. The expansion is expected to add 15-25% volume over two years, starting from Q4 FY 2026-27, funded through a mix of debt and internal accruals. The board appointed Mr. Kishor Harish Talreja as Company Secretary, Compliance Officer and KMP with effect from April 25, 2025; he brings over 20 years of experience from firms like Jai Corp and Borosil Renewables. The board also approved appointing M/s. Upendra Shukla & Associates as Secretarial Auditor for a five-year term from FY26 to FY30, subject to shareholder approval.
The INR 200 crore capex signals growth confidence and addresses the near-full utilisation of existing capacity, which is positive for long-term revenue potential, though execution risks remain with a start date only from late FY27. The new CS and Secretarial Auditor appointments are routine governance updates with no material impact expected for shareholders.