SNL Bearings Limited will conduct its 46th Annual General Meeting (AGM) on Tuesday, August 11, 2026, at 11:30 A.M. IST through Video Conferencing or Other Audio-Visual Means. The meeting will seek shareholder approval for material related party transactions with its holding company, NRB Bearings Limited, worth up to ₹40 crore for the financial year 2026-27. Additionally, the company proposes to re-appoint Mr. Kaiyomarz Minoo Marfatia as an Independent Director for a second term of five years and approve commission payments for Non-Executive Directors.

The Board of Directors has fixed Tuesday, August 4, 2026, as the record date to determine shareholder eligibility for voting and participation in the AGM. The Register of Members and Transfer Books will remain closed from Wednesday, August 5, 2026, to Tuesday, August 11, 2026. The notice for the AGM and the Annual Report for FY 2025-26 will be sent electronically to members and made available on the company's website and the BSE Limited platform.

Business to be Transacted

The Ordinary Business includes the adoption of audited financial statements for the year ended March 31, 2026, and the appointment of a director in place of Mr. Satish Chellaram Rangani, who retires by rotation. The Special Business encompasses the re-appointment of Mr. Kaiyomarz Minoo Marfatia as an Independent Director, approval for material related party transactions, and the payment of commission to Non-Executive Directors.

Material Related Party Transactions

Shareholders will vote on entering into transactions with NRB Bearings Limited for the purchase and sale of raw materials, finished goods, and machinery, among other items. The aggregate consideration for these transactions is estimated at ₹40 crore. The Audit Committee and the Board of Directors reviewed these transactions on May 4, 2026, confirming they are in the ordinary course of business and on an arm's length basis.

Key AGM Details

Shareholders are provided with remote e-voting facilities and e-voting during the meeting in accordance with Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (LODR) Regulations, 2015. Mr. Upendra Shukla, Practicing Company Secretary, has been appointed as the Scrutinizer for the e-voting process.

SNL BEARINGS LIMITED will transfer unclaimed dividends and equity shares for the Financial Year 2018-19 to the Investor Education and Protection Fund (IEPF) by September 12, 2026. Shareholders who have not encashed dividends for seven consecutive years or more are liable to have their shares transferred to the fund. To avoid this, concerned shareholders must submit a claim request along with self-attested KYC documents by August 28, 2026.

The transfer is pursuant to Rule 6 of the IEPF Authority (Accounting, Audit, Transfer and Refund) Rules, 2016, under the Companies Act, 2013. The company has sent individual communications to affected shareholders and published a notice in newspapers, including the Free Press Journal and Navshakti, on June 03, 2026. Full details of the members whose shares are due for transfer are available on the company's website.

Shareholders holding shares in physical form will be issued new share certificates in lieu of the original ones, which will then be automatically cancelled and deemed non-negotiable upon transfer. For those holding shares in electronic form, the demat accounts will be debited for the shares liable for transfer. The company noted that no claim shall lie against it regarding the unclaimed dividend and shares once transferred to the IEPF.

Key Dates and Actions

Contact Information

Shareholders with queries or claims may contact the company's Registrar and Transfer Agent, MUFG Intime India Private Limited (formerly Link Intime India Private Limited), at C-101, Embassy 247, L.B.S. Road, Vikhroli (West), Mumbai - 400083. Alternatively, they can reach out to the company at its registered office or via email at investorcare@snlbearings.in .