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

Harshbeena Sahney Zaveri, a promoter of NRB Bearings , has released 45,68,427 pledged equity shares, reducing her total encumbered holding to 6.70% of the total share capital. The unpledging occurred on June 23 and June 25, 2026, following the pre-payment of loans to Aditya Birla Capital Limited and Tata Capital Limited. The disclosure was submitted to the stock exchanges on June 25, 2026, in compliance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Details of Encumbrance Release

The release of encumbrance involved two separate transactions. On June 23, 2026, 37,84,427 shares were unpledged by Aditya Birla Capital Limited following the pre-payment of a loan, reducing pledged shares with that lender to zero. Subsequently, on June 25, 2026, 7,84,000 shares were unpledged by Tata Capital Limited due to pre-payment and the release of related or excess shares.

Promoter Holding and Encumbrance Status

Prior to these transactions, Zaveri held a total of 4,02,07,885 shares, representing 41.48% of the total share capital, of which 1,10,68,681 shares, or 11.42%, were encumbered. The recent releases have significantly reduced the proportion of pledged shares within her total holding, with the remaining encumbered shares standing at 65,00,254, constituting 6.70% of the company's total share capital.

The filing also disclosed the pledge status of other promoters in NRB Bearings Limited. Entities such as Trilochan Santsingh Sahney Trust 1, Aziz Yousuf Zaveri, and Anupa Sahney, among others, reported nil encumbrance as of the reporting date, ensuring full transparency regarding the ownership structure.