NRB Bearings Limited announced that based on the recommendation of the nomination and remuneration committee, the board at its meeting held on January 17, 2019 has approved the appointment of Mr. Satish C Rangani as an additional director on the board of the company with effect from January 24, 2019 up to the date of the upcoming annual general meeting and also approved his appointment as a Whole -Time Director, designated as Executive Director for a period of one year with effect from January 24, 2019 subject To Approve the shareholders and regularization of his appointment at the upcoming annual general meeting. Further, pursuant to the Circular dated June 20, 2018-Enforcement of SEBI Orders regarding appointment of directors, the company affirms that Mr. Satish C Rangani, appointed as an Additional Director under the category of Additional Directors and Whole-time Director, is not debarred from holding the office of director by virtue of any SEBI order or any other such authority.