Bharat Gears Limited Appoints Agency to Conduct Impact Assessment Following Governance Concerns
Bharat Gears Limited has initiated an internal review following concerns raised regarding certain practices by its Chairman & Managing Director, Mr. Surinder Paul Kanwar. To ensure corporate governance and transparency, the company’s Audit Committee appointed an external agency to conduct a comprehensive impact assessment of these matters.The concerns were shared after the tenure of the erstwhile Joint Managing Director, Mr. Sameer Kanwar, who concluded his role on May 31, 2026.
In adherence to robust corporate governance practices, the Board of Directors' Audit Committee held a meeting on June 15, 2026, during which the decision was made to commission the external agency. The appointed agency has been advised that their report is expected within a reasonable period of time.
Bharat Gears Limited committed to keeping relevant parties informed of any material developments related to this matter, ensuring full transparency moving forward.
BHARATGEAR Stock Price Movement
On Thursday, shares of Bharat Gears Limited shed 0.14%, settling at ₹131.22 as trading concluded for the session. The stock saw limited volatility during the day, which traded within a range of ₹129.8 to ₹133.66 and registered a volume of 94,266 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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