NRB Bearings Limited, a prominent player in the auto components sector, has announced the appointment of Mr. Tashwinder Singh as an additional Non-Executive Non-Independent Director. The appointment, effective August 09, 2025, is for a three-year term and is subject to shareholder approval.

Board Meeting Details

The decision was made during a board meeting held on August 09, 2025, which commenced at 04:00 p.m. and concluded at 5:30 p.m. The appointment aligns with the company's commitment to strengthening its leadership team with experienced professionals.

About Tashwinder Singh

Mr. Singh brings a wealth of experience to NRB Bearings, with a career spanning 30 years across various sectors. His appointment is expected to add significant value to the company's strategic direction and governance.

Key highlights of Mr. Singh's professional background include:

• Current Role: CEO and MD of Niyogin Fintech Limited, a BSE-listed company
• Previous Experience:
  • Managing Director at KKR (Kohlberg Kravis Roberts)
  • Various senior positions at Citigroup, including Managing Director roles in Citi Private Bank and Commercial Banking Group
• Education: MBA from Faculty of Management Studies (Delhi University) and BE in Electrical Engineering from Delhi College of Engineering

Expertise and Skills

Mr. Singh is recognized for his:

• Strong leadership and team-building abilities
• Expertise in business management and strategic planning
• Extensive experience in banking, general management, and private capital investing
• Proven track record in change management and execution

Previous Board Representations

Mr. Singh has held board positions in several companies, including:

Appointment Details

• Position: Additional Director in the capacity of Non-Executive Non-Independent Director
• Term: Three years, effective August 09, 2025
• Nature: Liable to retire by rotation
• Relationship Disclosure: Mr. Singh is not related to any existing directors or key managerial personnel of NRB Bearings Limited
• Regulatory Compliance: The company has affirmed that Mr. Singh is not debarred from holding directorship positions by any SEBI order or other authority

The appointment of Mr. Tashwinder Singh is seen as a strategic move by NRB Bearings Limited to enhance its board's expertise and contribute to the company's future growth and development in the auto components sector.

NRB Bearings Limited, a leading manufacturer in the bearings industry, has reported robust financial results for the first quarter ended June 30, 2025, alongside key corporate decisions.

Financial Performance

The company's standalone revenue from operations saw a significant increase, reaching Rs 278.56 crore in Q1, up from Rs 253.35 crore in the corresponding quarter of the previous year. This represents a year-on-year growth of approximately 10%.

Standalone profit after tax (PAT) showed an even more impressive improvement, surging to Rs 26.39 crore from Rs 17.55 crore in the same period last year, marking a substantial increase of about 50%.

On a consolidated basis, NRB Bearings demonstrated strong performance as well:

All figures in Rs crore

Corporate Developments

In a significant move, the Board of Directors has approved the re-appointment of Ms. Harshbeena Zaveri as Vice Chairman & Managing Director for another five-year term. This extension, subject to shareholder and regulatory approvals, will be effective from October 1, 2025, to September 30, 2030.

Ms. Zaveri, a distinguished graduate of Wellesley College, has been serving as the Managing Director since October 1, 2010. Under her leadership, NRB Bearings has achieved notable milestones, including:

• Setting up premier R&D and Innovation centers for next-generation friction solutions
• Recognition by Forbes as one of Asia's Best 200 companies under US $1 Billion
• Receiving the "Most Preferred Workplace" (Manufacturing) award for three consecutive years
• Winning the BEST BRAND AWARD at the ET Now conclave 2024
• Securing the Star Performer Award for Export Excellence in 2025 from the Engineering Export Promotion Council of India (EEPC)

Other Key Decisions

The Board meeting, which lasted from 2:30 p.m. to 6:05 p.m. on August 7, 2025, also approved several other important measures:

1. An increase in the authorized share capital from Rs 20 crore to Rs 40 crore, subject to shareholder approval.
2. Updates to various company policies in line with recent amendments to SEBI Regulations and the Companies Act, 2013, including:
   • Policy for Subsidiaries
   • Code of Internal Procedures and Conduct for Regulating, Monitoring and Reporting Trading by Designated persons and their immediate relatives
   • Policy for materiality of Related Party Transactions
   • CSR policy
   • Policy on Criteria for Determining materiality of events

These results and decisions reflect NRB Bearings' strong performance and its commitment to corporate governance and long-term growth strategies in the competitive bearings industry.