Event Overview

NRB Industrial Bearings Limited has issued notice for its 15th Annual General Meeting to be held on Friday, August 14, 2026 at 02:00 P.M. (IST) through Video Conferencing/Other Audio-Visual Means. The deemed venue is the Registered Office at 3rd Floor, Metro House, M. G. Road, Dhobi Talao, Churchgate, Mumbai, Maharashtra, 400020.

Ordinary Business

1. To receive, consider and adopt:

  • The Audited Standalone Financial Statements for FY2025-26 with Reports of Board of Directors and Auditors
  • The Audited Consolidated Financial Statements for FY2025-26 with Report of the Auditors

2. To appoint Mr. Devesh Singh Sahney (DIN: 00003956) as Director who retires by rotation and has offered himself for re-appointment

Special Business

Item 3: Approval of Material Related Party Transaction with NRB-IBC Bearings Private Limited

  • Resolution Type: Ordinary Resolution
  • Transaction: Material related party transactions with NRB-IBC Bearings Private Limited (associate company)
  • Aggregate value limit: ₹50,00,00,000 (Fifty Crore only) for financial year 2026-27
  • Approval validity: Until conclusion of 16th AGM or 15 months, whichever is earlier
  • Nature of transactions: Inter-corporate loans, deposits, guarantees, common expenses, services, lease arrangements, sale/purchase of goods
  • Conditions: Ordinary course of business, arm's length basis
  • Regulatory references: SEBI Listing Regulations 23(4), Section 188 of Companies Act, 2013

Item 4: Approval of Material Related Party Transaction with NIBL-Korta Engineering Private Limited

  • Resolution Type: Ordinary Resolution
  • Transaction: Material related party transactions with NIBL-Korta Engineering Private Limited (associate company)
  • Aggregate value limit: ₹50,00,00,000 (Fifty Crore only) for financial year 2026-27
  • Approval validity: Until conclusion of 16th AGM or 15 months, whichever is earlier
  • Nature of transactions: Inter-corporate loans, deposits, guarantees, common expenses, services, lease arrangements, sale/purchase of goods
  • Related directors: Mr. Devesh Singh Sahney (Managing Director), Ms. Mallika Sahney (Director), Mrs. Aarti Sahney (Director)
  • Conditions: Ordinary course of business, arm's length basis

Item 5: Approval of Related Party Transaction - Revision in Remuneration of Ms. Mallika Sahney

  • Resolution Type: Ordinary Resolution
  • Position: Assistant Vice President - Strategy (related party under Section 2(76) of Companies Act, 2013)
  • Remuneration revision: Up to ₹2,00,00,000 (Two Crore only) per annum including salary, allowances, perquisites, and benefits
  • Approval validity: Until conclusion of 16th AGM or 15 months, whichever is earlier
  • Relationship: Daughter of Mr. Devesh Singh Sahney (MD) and Mrs. Aarti Devesh Sahney (Director)
  • Experience: 8.5 years with company, leads IT vertical, co-founder of Aara Health
  • Qualifications: Bachelor's in Science and Business Administration from Babson College (2017), Master's in Entrepreneurship and Leadership from F.W. Olin Graduate School (2018)

Item 6: Revision in Remuneration of Mr. Devesh Singh Sahney, Chairman & Managing Director

  • Resolution Type: Special Resolution
  • Period: October 01, 2026 to September 30, 2027
  • Remuneration components:
  • Basic Remuneration: ₹75,63,780 per month (with discretion to increase)
  • Cash Allowances: House Rent Allowance (50% - ₹37,81,890 pm), Education Allowance (₹20,000 pm), Other Allowances (up to ₹2,00,000 pm)
  • Perquisites: Electricity, medical reimbursement, insurance, club fees (up to 3 clubs), car with driver, telephone at residence
  • Commission: Up to 1% of net profit per financial year
  • Maximum cap: ₹20 crore per annum
  • Previous remuneration history provided from FY2011-12 to FY2025-26
  • Qualifications: Bachelor in Business Administration and Economics from Richmond University, London; MBA from Asian Institute of Management, Philippines; Management Development from Harvard Business School
  • Experience: 32+ years in engineering industry, previously with Larsen & Toubro and Credit Lyonnais
  • Shareholding: 51,81,518 equity shares (21.38% as of March 31, 2026) + 9,40,00,000 preference shares

Voting Arrangements

  • Remote e-voting period: August 11, 2026 (09:00 AM) to August 13, 2026 (05:00 PM)
  • Cut-off date: August 7, 2026
  • Scrutinizer: Mr. J. J. Gandhi of M/s. J. J. Gandhi & Co., Practicing Company Secretaries
  • Book closure: August 8, 2026 to August 14, 2026 (both days inclusive)

Document Distribution

  • Electronic copies sent to members with registered email addresses
  • Physical copies available on request to investorcare@nibl.in
  • Documents available on company website: www.nrbindustrialbearings.com
  • Published in Financial Express (English) and Pratahkal (Marathi) newspapers