NRB Bearings Limited has informed stock exchanges that it does not qualify under the Large Corporate (LC) category as per SEBI's framework for fund raising through debt securities issuance, as on March 31, 2026. The company made this disclosure in compliance with various SEBI circulars related to large corporate framework and associated compliance requirements.

Regulatory Compliance Disclosure

The disclosure pertains to SEBI Circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26, 2018, Chapter XII of SEBI Operational Circular SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021, and SEBI circular SEBI/HO/DDHS/DDHS-RACPOD1/P/CIR/2023/172 dated October 19, 2023. These regulations govern fund raising by issuance of debt securities by large corporates and mandate specific disclosures and compliances.

Company Financial Position

NRB Bearings Limited provided detailed information regarding its status under the large corporate framework:

Credit Rating Status

Despite maintaining strong credit ratings from CRISIL, with AA-/Stable for long term and A1+ for short term during the previous financial year, the company confirmed it does not meet the criteria for classification as a Large Entity/Corporate under the SEBI framework. The company has designated BSE Limited as the stock exchange where any applicable fines would be paid in case of shortfall in required borrowing under the framework.

Formal Confirmation

The disclosure was signed by key company officials including Khyati Danani, Company Secretary, and Vineet Goel, Chief Financial Officer, on April 15, 2026. The company has requested stock exchanges to acknowledge receipt of this regulatory disclosure and maintain it on record as per compliance requirements.

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.