StockWatch
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Abrasives & Bearings
Management Change28 May 2026, 09:09 pm

NRB Industrial Bearings: Vikas Mandalwar now Group CFO

AI Summary

NRB Industrial Bearings Limited announced the change in designation of Mr. Vikas Mandalwar from Chief Financial Officer (CFO) to Group Chief Financial Officer (Group CFO), effective May 28, 2026. This decision was approved by the Board of Directors on May 28, 2026, following a recommendation from the Nomination and Remuneration Committee. The change reflects an expansion of his responsibilities at the group level, though his role as Key Managerial Personnel (KMP) of the company remains unchanged. Mr. Mandalwar is a Chartered Accountant with 19 years of experience, having joined the company in 2014 and significantly contributing to financial management, compliance, and strategic initiatives.

Key Highlights

  • Vikas Mandalwar's designation changed from CFO to Group CFO.
  • The Board approved the change on May 28, 2026, effective immediately.
  • The change signifies expanded responsibilities at the group level.
  • His role as Key Managerial Personnel of the company remains unchanged.
  • Mr. Mandalwar is a CA with 19 years of experience, joined in 2014.