Appointment of Ms. Pooja Ponda as the Company Secretary & Compliance Officer of the Company and Appointment of Mr. Surya Prakash as the Chief Executive Officer (CEO) of the Company w.e.f. ....
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SNL Bearings' Board, at its meeting on June 16, 2025, appointed Mr. Surya Prakash as the new Chief Executive Officer (CEO) and Ms. Pooja Ponda as the Company Secretary & Compliance Officer, both effective the same day. Mr. Prakash brings over 28 years of experience and is rejoining the NRB group, having previously worked at Pilkington Automotive India and Fenner India. Ms. Ponda is a qualified Company Secretary (ICSI member) with an LL.B. degree and over 4 years of experience at listed companies including Carysil Limited and Elegant Marbles. Both appointments were recommended by the Nomination and Remuneration Committee. The Board also revised the list of Key Managerial Personnel authorized to determine materiality of events for stock exchange disclosures and adopted an amended Code of Practices for Fair Disclosure of Unpublished Price Sensitive Information under SEBI's insider trading regulations.
This is a routine governance update filling key leadership positions, which should provide stability and ensure compliance continuity for shareholders. No immediate impact on stock price is expected as these are standard KMP appointments with no resignations or governance red flags.