SNL Bearings Limited Confirms Non-Applicability of SEBI Large Corporate Framework

SNL Bearings Limited has informed BSE Limited that it does not qualify as a Large Corporate under SEBI's regulatory framework for debt securities fund raising. The disclosure was made on April 15, 2026, in reference to multiple SEBI circulars governing fund raising requirements for large corporates.

Regulatory Compliance Disclosure

The company's communication addressed three specific SEBI circulars: SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, Chapter XII of SEBI Operational Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These circulars pertain to fund raising through issuance of debt securities by Large Corporates and associated disclosure requirements.

Financial Position and Credit Rating

SNL Bearings Limited provided key financial details to support its non-Large Corporate status:

Parameter:	Details
Company Name:	SNL BEARINGS LTD
CIN:	L99999MH1979PLC134191
Outstanding Borrowings (March 31, 2026):	Nil
Credit Rating:	CRISIL A/Stable (Reaffirmed) (Long Term Ratings)
Stock Exchange for Compliance:	BSE Limited

The company reported nil outstanding borrowings as on March 31, 2026, which appears to be a significant factor in its classification outside the Large Corporate framework. Despite this, SNL Bearings maintains a stable credit rating of CRISIL A/Stable, which was reaffirmed during the previous financial year.

Corporate Structure and Operations

SNL Bearings Limited operates with its registered office located at Dhannur, 15, Sir P. M. Road, Fort, Mumbai - 400 001, and maintains manufacturing operations at Ratu, Ranchi - 835 222. The disclosure was signed by Company Secretary Prathmesh Gaonkar and Chief Financial Officer Ram Narayan Sahu, both digitally signing the document on April 15, 2026.

Regulatory Implications

By confirming its non-Large Corporate status, SNL Bearings Limited is exempt from the specific compliance requirements and disclosure obligations that apply to companies falling under the Large Corporate framework for debt securities issuance. The company has requested BSE Limited to acknowledge and take this disclosure on record, ensuring transparency in its regulatory compliance status.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.91%	+3.50%	+5.19%	-6.08%	-3.53%	+94.79%

SNL Bearings Limited has announced the appointment of Mr. Prathmesh Gaonkar as Company Secretary & Compliance Officer, effective April 08, 2026. The decision was taken during the Board of Directors meeting held on April 08, 2026, which commenced at 05:45 p.m. and concluded at 06:00 p.m.

Board Meeting Outcome and Approval

The appointment received recommendation from the Nomination and Remuneration Committee before being approved by the Board of Directors. As part of his new role, Mr. Gaonkar will serve as Key Managerial Personnel of the company. The board meeting outcome was formally communicated to BSE Limited under Scrip Code 505827.

Parameter:	Details
Appointee:	Mr. Prathmesh Gaonkar
Position:	Company Secretary & Compliance Officer
Effective Date:	April 08, 2026
Status:	Key Managerial Personnel
Meeting Time:	05:45 p.m. to 06:00 p.m.
Recommended by:	Nomination and Remuneration Committee

Professional Background and Qualifications

Mr. Prathmesh Gaonkar brings substantial expertise to his new role. He is an Associate Member of the Institute of Company Secretaries of India, having qualified in 2019 with ACS No.: 61307. His educational background includes a Law graduate degree (LL.B.).

With over 6 years of experience in listed company compliances, corporate laws, secretarial practices and corporate governance, Mr. Gaonkar is well-versed with the provisions of the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. Prior to joining SNL Bearings Ltd, he has worked as company secretary for Chemco Plastic Industries Private Limited and Atlantaa Limited.

Authorization for Material Disclosures

The board has authorized Mr. Prathmesh Gaonkar as one of the Key Managerial Personnel for making disclosures of material events or information to Stock Exchanges under Regulation 30 of the Listing Regulations. Following this appointment, the company has updated its list of authorized personnel for material disclosures.

Sr. No.	Name	Designation
1	Mr. Surya Prakash	Chief Executive Officer
2	Mr. Ram Narayan Sahu	Chief Financial Officer
3	Mr. Prathmesh Gaonkar	Company Secretary & Compliance Officer

Regulatory Compliance

The appointment and related disclosures have been made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI's Master Circular dated January 30, 2026. The information has been made available on the company's website at www.snlbearings.in and communicated to BSE Limited under Scrip Code 505827. The formal disclosure includes detailed annexures as required under the listing regulations.