NRB Bearing Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 11, 2025
NRBBEARING · price
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NRB Bearings has called its 60th AGM on September 11, 2025 at 3:00 PM, to be held via video conferencing. Key items on the agenda include adoption of FY25 audited financial statements, declaration of a final dividend of Rs. 1.75 per share (face value Rs. 2), which along with the Rs. 2.50 interim dividend already paid takes total FY25 dividend to Rs. 4.25 per share. The Board is seeking approval to re-appoint Ms. Harshbeena Zaveri as Managing Director for another 5 years and to increase the authorised share capital from Rs. 20 crore to Rs. 40 crore (from 10 crore to 20 crore equity shares of Rs. 2 each). Other items include appointment of M/s Upendra Shukla & Associates as Secretarial Auditor for 5 years, ratification of Cost Auditor remuneration of Rs. 1,30,000, appointment of Mr. Tashwinder Singh as a Non-Executive Non-Independent Director, and re-appointment of a director retiring by rotation. The record date for the final dividend is September 4, 2025, and e-voting opens September 8, 2025.
Routine procedural AGM notice, but shareholders should note the proposed share capital doubling (which could precede a bonus issue, stock split, or fund raise), continuity of the top leadership, and a total FY25 dividend of Rs. 4.25 per share. Approval of these resolutions will be needed from shareholders through remote e-voting between September 8 and 10, 2025.