NRB Industrial Bearings Limited has submitted the Exchange a copy Srutinizers report and the voting results 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 at 2:00 PM via video conferencing. Six resolutions were put to vote and all were passed with overwhelming shareholder support, securing over 99.99% votes in favour for each. Key items included adoption of audited standalone and consolidated financial statements for FY ended March 31, 2025, reappointment of Mrs. Aarti Sahney as a Director liable to retire by rotation, and reappointment of Mr. Samrat Zaveri as an Independent Director for a second 5-year term. Three related-party transaction resolutions were also approved, covering NRB IBC Bearings Private Limited and NIBL Korta Engineering Private Limited. Overall voting turnout was 68.13% of the 2.42 crore total shares; the promoter group (holding 1.76 crore shares) abstained from voting on the related-party resolutions due to conflict of interest, reducing turnout on those resolutions to 2.77%, but non-promoter shareholders still backed them 99.99%.
All governance and business resolutions passed with near-unanimous support, signaling strong shareholder confidence in management and no notable dissent. Reappointment of the Independent Director for a second term maintains continuity on the board. Related-party transactions were approved without promoter voting, which is standard procedure.