SNL Bearings Limited has filed a regulatory disclosure with BSE Limited regarding the appointment of its Internal Auditor for the financial year 2026-27. The disclosure is made pursuant to Regulation 30 and Part-A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
The Board of Directors of the company, on the recommendation of the Audit Committee, appointed M/s S K Naredi & Co LLP, Chartered Accountants, as the Internal Auditor of the company. The appointment was made on September 10, 2026, and is effective for the period from April 1, 2026, to March 31, 2027.
The appointment was necessitated by the death of the previous Internal Auditor of the company.
M/s S K Naredi & Co LLP is a Chartered Accountants firm established in 1986 with its head office in Jamshedpur, Jharkhand, and branches in Kolkata, Ranchi, and Bhubaneswar. The firm has extensive experience in audit and assurance, internal audit, taxation, compliance, business advisory, and other professional services. Specifically, the firm has experience in conducting internal audits of manufacturing companies and listed entities, including review of financial and operational processes, internal controls, statutory compliances, risk management, SAP/ERP-based environments, and governance requirements.
Financial impact of this appointment is not quantified in the disclosure.