NRB Bearings Limited announced that its wholly owned subsidiary, Mahant Tool Room Private Limited (MTRPL), has completed the acquisition of the business of Mahant Tool Room (MTR) on July 17, 2026. This strategic expansion allows the company to enter the high-precision global aerospace and defence sectors. The completion of this acquisition was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Alongside the acquisition, MTRPL has been awarded the AS9100D certification for precision machined components and bearings for aerospace and defence. This certification is recognized as the gold standard for aviation manufacturing excellence. The development enables NRB Bearings to target a global aerospace ecosystem estimated between $14.5 billion and $16.5 billion, covering critical components such as landing gear parts and fuel injection systems.

Strategic Impact and Growth Vision

The acquisition supports NRB Bearings' objective to double its consolidated revenue by 2031. By integrating MTR's specialized manufacturing capabilities with its existing friction solutions, the company aims to establish a dual-use technology moat. This approach leverages a capital-efficient plug-and-play operational model to compress time-to-market for high-barrier segments.

The company plans to utilize its research and development prowess and relationships with global automotive and tier 1 giants, including Daimler, Audi, Magna, and ZF, to unlock commercial aerospace and defence opportunities. Harshbeena Zaveri, Vice Chairperson and Managing Director of NRB Bearings Limited, highlighted that achieving the AS9100D certification alongside the acquisition is a pathbreaking milestone for the group.

Key Acquisition Details

NRB Bearings Limited has scheduled its 61st Annual General Meeting (AGM) for Wednesday, July 29, 2026, at 3:00 P.M. IST via video conferencing. The meeting will be conducted without physical presence in compliance with Ministry of Corporate Affairs and Securities and Exchange Board of India circulars. The record date to determine shareholder eligibility for voting and dividends has been fixed as Friday, July 24, 2026.

The Board of Directors has approved the ratification of remuneration for M/s R. Nanabhoy and Co., Cost Accountants, at INR 1,50,000 plus applicable taxes and out-of-pocket expenses for the financial year ending March 31, 2027. Additionally, shareholders will consider a special resolution to approve loans, guarantees, or security up to an aggregate amount of INR 200,00,00,000 to subsidiaries, associates, joint ventures, or group entities under Section 185 of the Companies Act, 2013.

Mr. Satish Rangani, Director (DIN 00209069), retires by rotation at the upcoming AGM and being eligible, has offered himself for re-appointment. The notice for the AGM and the Annual Report for the financial year 2025-26 will be dispatched exclusively through electronic mode to members whose email addresses are registered with the company or depositories.

Shareholders holding physical shares are requested to register or update their email addresses by submitting Form ISR-1 to the Registrar and Transfer Agent, MUFG Intime India Private Limited. A special window for re-lodgement of transfer requests for physical shares, originally lodged prior to April 1, 2019, and rejected due to deficiencies, is open until February 4, 2027.

Key Meeting Details

Shareholders will be provided with remote e-voting facilities under Section 108 of the Companies Act, 2013, and Regulation 44 of the SEBI (LODR) Regulations, 2015. The facility for the appointment of proxies will not be available for the meeting held via video conferencing.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE349A01021/2585955315a54316.pdf