SNL Bearings Limited has appointed M/s S K Naredi & Co LLP as its internal auditor for the financial year ending March 31, 2027. The Board of Directors approved the appointment on September 10, 2026, following the death of the company’s previous internal auditor.

The firm was selected based on the recommendation of the Audit Committee. The appointment is effective from April 1, 2026, covering the entire fiscal year 2026-27.

Auditor Profile

M/s S K Naredi & Co LLP is a chartered accountants firm established in 1986. Headquartered in Jamshedpur, Jharkhand, the firm maintains branches in Kolkata, Ranchi, and Bhubaneswar.

The firm specializes in audit and assurance, taxation, compliance, and business advisory services. It has extensive experience conducting internal audits for manufacturing companies and listed entities. Its expertise includes reviewing financial processes, internal controls, statutory compliances, risk management, and governance requirements in SAP/ERP-based environments.

Regulatory Disclosure

The company made this disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued in compliance with SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

SNL Bearings Limited shareholders approved all five resolutions at its 46th Annual General Meeting (AGM) held on August 11, 2026. The meeting, conducted via Video Conference/Other Audio-Visual Means (VC/OAVM), saw unanimous support for the re-appointment of directors Satish Chellaram Rangani and Kaiyomarz Minoo Marfatia, adoption of FY25-26 financials, and approval of material related party transactions. The strong backing confirms continuity in board leadership and governance structures.

The proceedings were disclosed under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Harshbeena Zaveri, Chairperson, presided over the meeting which commenced at 11:33 a.m. IST and concluded at 12:16 p.m. IST. Central Depository Services (India) Limited (CDSL) facilitated the e-voting process, while M/s. Upendra Shukla & Associates acted as the scrutinizer. The record date for voting rights was August 4, 2026, with 5,390 shareholders eligible to vote.

Voting Results Overview

Remote e-voting ran from August 8 to August 10, 2026. A total of 2,737,861 votes were polled across all resolutions, representing 75.8% of outstanding shares. Promoter group holdings of 2,686,773 shares voted in favor of most resolutions, while public non-institutional shareholders held 924,767 shares. Only 52 shareholders attended via VC/OAVM; none were present in person.

Note: Promoter votes excluded for Resolution 4 as per regulatory requirements.

Key Governance Approvals

Satish Chellaram Rangani retired by rotation but was eligible and offered himself for re-appointment as a Director. His resolution received 2,737,857 votes in favor against 4 against. Similarly, Kaiyomarz Minoo Marfatia was re-appointed as an Independent Director under a special resolution, securing 2,737,732 votes in favor and 129 against. The Board also sought approval for material related party transactions. Since promoters were interested parties, their 2,686,773 votes were excluded from this count. The resolution passed with 50,958 votes in favor (99.75%) and 130 against among disinterested shareholders.

Additionally, shareholders approved the payment of commission to non-executive directors via a special resolution. This measure received 2,737,731 votes in favor and 130 against. The adoption of audited financial statements for the fiscal year ended March 31, 2026, was considered as an ordinary resolution and passed with overwhelming support, reflecting investor confidence in the company’s financial reporting and operational performance for FY25-26.