NRB Industrial Bearings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 20, 2025
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NRB Industrial Bearings Limited held its 14th Annual General Meeting on August 20, 2025, from 2:00 PM to 2:37 PM via video conferencing. Chairman and Managing Director Mr. Devesh Singh Sahney briefed shareholders on the company's performance in FY 2024-25 and noted that both the Statutory and Secretarial Auditors' reports contained no qualifications or adverse comments. Six resolutions were put to vote, including adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, re-appointment of Mrs. Aarti Sahney as a director retiring by rotation, re-appointment of Mr. Samrat Zaveri as Independent Director for a second term of five years, and three ordinary resolutions approving material related party transactions with NRB-IBC Bearings Private Limited, NIBL-Korta Engineering Private Limited, and another related party under Section 188 of the Companies Act, 2013. Remote e-voting was conducted between August 17-19, 2025, with results to be announced after the scrutinizer's report from Mr. J.J. Gandhi.
This is a routine disclosure of AGM proceedings with no negative surprises. The re-appointment of directors and approval of related party transactions are standard governance items, though investors may want to review the details of the related party transactions and the final voting results once announced.