Bharat Gears Limited Board Approves Dividend and Key Appointments
Bharat Gears Limited announced several corporate actions following its Board of Directors meeting held on May 30, 2026. The Board recommended a final dividend for the financial year 2025-26 and approved significant appointments for the coming fiscal year, including a new Executive Director and changes in auditing firms.Dividend Recommendation and Leadership Updates
The Board of Directors recommended a final dividend of Rs. 1.00 per equity share for the Financial Year 2025-26. This payment is subject to the approval of the company's shareholders and is scheduled to be disbursed on or before September 30, 2026.In terms of key personnel changes, the Board decided not to extend the tenure of Mr. Sameer Kanwar, Joint Managing Director, whose tenure is scheduled to expire on May 31, 2026.
Appointments and Auditing Firms
The Board approved two major appointments for the company's operational and compliance structure.1. Executive Director: The Board approved the appointment of Mr. Naresh Kumar Verma (DIN: 07087356) as Executive Director - Operations. His appointment is effective for a period of five years, commencing from June 1, 2026, and is subject to the approval of the members at the ensuing Annual General Meeting.
2. Auditors: The company also finalized its auditors for the Financial Year 2026-27. M/s Ernst & Young LLP, a Limited Liability Partnership, was approved as the Internal Auditors. Furthermore, M/s M.K. Kulshrestha & Associates, Cost Accountants in Ghaziabad, were appointed as the Cost Auditors for the same financial year.
The company provided detailed professional information regarding the appointed director and the departing official.
| Designation | Mr. Naresh Kumar Verma (New Appointment) | Mr. Sameer Kanwar (Cessation of Tenure) |
|---|---|---|
| Appointment Details | Executive Director - Operations for 5 years w.e.f. June 01, 2026 | Joint Managing Director (Tenure ends May 31, 2026) |
| Profile | Mr. Naresh Kumar Verma is aged 66 Years. He holds a Master in Commerce and a Post Graduate Diploma in Personnel Management & Industrial Relations, bringing a rich experience of 44 years. He has served at renowned companies such as VXL India Limited, Bhartia Curtler Hammer, and Daikin Shriram Air Conditioning, and currently serves as a Non-Executive Director in Raunaq International Limited. | Son of Mr. Surinder Paul Kanwar, Chairman and Managing Director of the Company. |
The Board meeting on May 30, 2026, concluded the day's proceedings.
BHARATGEAR Stock Price Movement
Bharat Gears Limited shares finished Friday edging up 0.09%, settling at ₹119.41. The equity saw strong participation, trading on a volume of 83,978 shares and remaining contained within a day's range of ₹118.05 to ₹121.29.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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