nrb industrial bearings has approved its revised Nomination and Remuneration Policy following a Board meeting on May 28, 2026. The update ensures the policy remains compliant with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This alignment is critical for maintaining corporate governance standards and regulatory adherence.

The Board of Directors formally sanctioned the revisions during the session convened on May 28, 2026. The modifications were implemented to incorporate the latest amendments to the statutory frameworks governing listed entities in India. By updating the policy, the company aims to reflect current regulatory requirements and best practices in executive compensation and board nominations.

Regulatory Compliance

The policy revision was executed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events, including significant changes in corporate governance policies. The company confirmed that the revised policy is now consistent with the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations as amended from time to time.

Accessibility

The complete text of the revised Nomination and Remuneration Policy has been made available for stakeholder review. Interested parties can access the document directly through the company's official website at https://nrbindustrialbearings.com . This move ensures transparency and allows shareholders and regulatory bodies to verify the updated governance framework.

The disclosure was filed by Vandana Yadav, Company Secretary & Compliance Officer, on behalf of NRB Industrial Bearings Limited.

NRB Industrial Bearings Limited has elevated Mr. Vikas Mandalwar from Chief Financial Officer to Group Chief Financial Officer, effective May 28, 2026. The Board of Directors approved the change in designation during its meeting held on Thursday, May 28, 2026, based on the recommendation of the Nomination and Remuneration Committee. This elevation is pursuant to an expansion of responsibilities at the group level, although there is no change in Mr. Mandalwar's role as Key Managerial Personnel of the company.

Mr. Vikas Mandalwar is a qualified Chartered Accountant with a Bachelor's degree in Commerce and possesses 19 years of post-qualification experience in financial management, auditing, and corporate finance. His career commenced at Deloitte Haskins and Sells (Mumbai), where he worked on audits of major companies across various sectors, including manufacturing and services. He joined NRB Industrial Bearings Limited in 2014 as Senior Manager - Finance and Accounts.

During his tenure, Mr. Mandalwar has played a pivotal role in the management of the company's financial and accounting processes, including the implementation of GST and Indian Accounting Standards (Ind AS). His responsibilities have included managing Treasury, Direct and Indirect Taxation, statutory compliance, and financial audits. He also conducted financial due diligence for the acquisition of Korta Engineering Private Limited.

The disclosure was made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The information is also available on the company’s website.