Crime Today News
The Board of Directors of NRB Bearings Limited, in a meeting held today, has approved a capital expenditure of ₹200 crore aimed at upgrading and enhancing production capacity across its manufacturing facilities located in Jalna, Chikalthana, Waluj, and Hyderabad.
This move is intended to meet increasing demand in both domestic and international markets and will be implemented over the next two years. The expansion is expected to increase capacity by 15% to 25% across various bearing product families, depending on customer requirements.
Financing for this investment will be a mix of internal accruals and debt. The planned capacity additions, including critical grinding operations, are targeted to commence from the fourth quarter of FY 2026-2027, subject to regulatory approvals and timely delivery of machinery.
In a separate development, the Board has appointed Kishor Harish Talreja as the Company Secretary and Compliance Officer with effect from April 25, 2025. Talreja, a Fellow Member of the Institute of Company Secretaries of India and a law and commerce graduate from Mumbai University, brings over 20 years of experience in corporate governance and compliance. His previous associations include Jai Corp Limited and Borosil Renewables Limited. He will also serve as a Key Managerial Personnel (KMP) and be part of the senior management team.
Additionally, Talreja has been authorised as one of the KMPs responsible for determining material events and making relevant disclosures to stock exchanges, alongside Ms. Harshbeena Zaveri (Vice-Chairman & Managing Director) and Raman Malhotra (Chief Financial Officer).
The Board also approved the appointment of Upendra Shukla & Associates, a peer-reviewed firm of practising company secretaries, as the Secretarial Auditor for a five-year term starting from FY 2025-2026 through FY 2029-2030. The firm, known for its expertise in corporate and securities law, is led by Upendra Shukla, a seasoned professional with over three decades of experience.
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