NRB Bearings Limited has received a comprehensive disclosure from promoter Harshbeena Sahney Zaveri regarding modifications to her pledged shareholdings. The disclosure, filed on April 8, 2026, was made pursuant to Regulation 31(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, covering pledge and release transactions executed between March 27, 2026 and April 7, 2026.

Share Pledge Restructuring Details

The promoter undertook significant modifications to optimize borrowing costs by prepaying part of loans to Tata Capital Limited (TCL) with Aditya Birla Capital Limited (ABCL) loans. This resulted in TCL releasing part of the pledged shares which were then repledged to ABCL, achieving an overall reduction in promoter pledge.

Current Shareholding Position

Following these transactions, Harshbeena Sahney Zaveri maintains her substantial equity position while reducing her encumbered holdings. The promoter's total shareholding represents over 40% of the company's share capital.

Additional Promoter Group Activity

Trilochan Singh Sahney Trust – 1, identified as a Person Acting in Concert (PAC), also participated in similar pledge restructuring activities during the same period. The trust released 1,896,675 shares while pledging 3,005,000 shares to ABCL, resulting in post-event encumbered holdings of 4,888,448 shares.

Security Cover and Financial Details

The total value of encumbered shares held by both promoters as of April 7, 2026 was approximately Rs. 878.04 crore, calculated using the weighted average price of Rs. 239.38. The total amount involved against which the shares have been encumbered is Rs. 275.65 crore, providing a security cover ratio of 3.19:1.

Regulatory Compliance

The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited, where NRB Bearings shares are listed. The company maintains its registered office at Dhannur, 15, Sir P. M. Road, Fort, Mumbai 400 001, with total equity share capital of 96,922,600 equity shares of Rs. 2/- each. The encumbered shares represent 73.91% of total promoter shareholding and exceed 20% of the company's total share capital, triggering mandatory disclosure requirements under SEBI regulations.

NRB Bearings Limited has filed its quarterly compliance certificate under SEBI regulations, confirming adherence to prescribed dematerialisation procedures for the quarter ended March 31, 2026. The Mumbai-based bearings manufacturer submitted the mandatory certificate to both BSE and NSE on April 3, 2026.

Regulatory Compliance Details

The compliance certificate was issued under Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations, 2018. This regulation mandates companies to confirm proper handling of securities received for dematerialisation during each quarter.

Registrar and Transfer Agent Confirmation

MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, serves as NRB Bearings' Registrar and Share Transfer Agent. The SEBI-registered Category I RTA bearing Registration Number INR000004058 issued the compliance certificate on April 1, 2026.

The RTA confirmed that securities received from depository participants for dematerialisation during the quarter were properly processed within prescribed timelines. All security certificates received for dematerialisation were confirmed or rejected appropriately, with certificates being mutilated and cancelled after due verification by the depository participant.

Company Secretary Certification

Khyati Danani, Company Secretary and Compliance Officer (Membership no. A21844), signed the compliance filing on behalf of NRB Bearings Limited. The digital signature was applied on April 3, 2026, at 12:06:16 +05'30', ensuring proper authentication of the regulatory submission.

Official Documentation Process

The compliance submission included official letters to both stock exchanges, with NRB Bearings' corporate address at Dhannur, 15, Sir P.M. Road, Fort, Mumbai-400001. The company's CIN L29130MH1965PLC013251 was referenced in the official correspondence.

Ashok Shetty, Sr. Vice President-Corporate Registry at MUFG Intime India Private Limited, signed the confirmation certificate on behalf of the RTA. The certificate confirmed that all securities received for dematerialisation were processed according to regulatory requirements and that the name of the depositories was substituted in the register of members within prescribed timelines.

This quarterly compliance filing demonstrates NRB Bearings' commitment to maintaining transparency and adhering to regulatory requirements governing securities transactions and dematerialisation processes.