Harshbeena Sahney Zaveri, promoter of NRB Bearings Limited, has submitted a formal declaration to stock exchanges confirming that no additional encumbrance was created on shares during the financial year ended March 31, 2026. The declaration was made in compliance with Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Regulatory Compliance Declaration

The promoter's declaration, dated April 2, 2026, was addressed to both BSE Limited and National Stock Exchange of India Limited. The document confirms that Zaveri, along with persons acting in concert, maintained the same level of encumbered and pledged shares throughout the financial year without creating any additional encumbrances, either directly or indirectly.

Promoter Information

Harshbeena Sahney Zaveri signed the declaration on behalf of herself and other promoters of the company. The document was digitally signed and timestamped at 17:25:00 on April 2, 2026. Zaveri's registered address is listed as 4, Shangri La, 27 A, Carmichael Road, Mumbai 400 026.

Stock Exchange Communication

The declaration was simultaneously submitted to both major stock exchanges where NRB Bearings shares are listed. The company requested the exchanges to take the disclosure on record as part of ongoing regulatory compliance requirements under SEBI takeover regulations.

Trilochan Singh Sahney Trust 1 has filed a comprehensive regulatory disclosure regarding pledge and release of equity shares in NRB Bearings Limited under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosure was signed by trustee Harshbeena Zaveri on April 8, 2026.

Transaction Overview

The trust executed both pledge and release transactions involving NRB Bearings shares between March 27, 2026 and April 7, 2026 through off-market operations to optimize borrowing costs.

Holdings Position

The trust's encumbered shareholding position shows a significant change following these transactions, with the total encumbered stake increasing to 5.04% of the company's equity capital.

Promoter Group Encumbrance Details

The disclosure reveals comprehensive details about promoter group encumbrances, with Harshbeena Sahney Zaveri also participating in similar transactions during the same period.

Financial Restructuring Strategy

The transactions were undertaken to optimize borrowing costs, with promoters pre-paying part of loans to Tata Capital Limited and replacing them with Aditya Birla Capital Limited loans. The total amount involved against encumbered shares is ₹275.65 crore, with a security cover ratio of 3.19:1 based on share value of ₹878.04 crore.

Company Information

NRB Bearings Limited maintains its equity share capital at 969.23 lakh shares of ₹2 each, with shares listed on both National Stock Exchange of India Limited and BSE Limited. The encumbered shares represent 73.91% of total promoter shareholding and exceed 20% of the company's total share capital.

Regulatory Compliance

Trilochan Singh Sahney Trust 1 is classified as belonging to the promoter group of NRB Bearings Limited, with Mrs. Harshbeena Sahney Zaveri identified as a Person Acting in Concert. The trust has fulfilled its regulatory obligation by filing the required disclosure within the stipulated timeframe under SEBI takeover regulations, with the overall effect being a strategic adjustment in encumbered positions while reducing overall promoter pledge levels.