NRB Industrial Bearings Limited has accepted the resignation of Mr. Venkatraman B, who served as the company’s VP Manufacturing and Senior Management Personnel (SMP). The resignation is effective from the close of business hours on August 20, 2026.

Mr. Venkatraman cited personal commitments as the reason for stepping down. In his resignation letter addressed to the Board of Directors, he expressed gratitude to the management for their support and guidance during his tenure.

Regulatory Disclosure

The company made the disclosure pursuant to Regulation 30 read with Part A Para A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both the BSE Limited and the National Stock Exchange of India Limited.

The disclosure references SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. Vandana Yadav, Group Company Secretary and Compliance Officer & Legal Head, signed the communication on behalf of the company.

The National Stock Exchange of India Limited has returned the application filed by NRB Industrial Bearings seeking reclassification of promoter Harshbeena S Zaveri from the "Promoter/Promoter Group" category to the "Public" category. The exchange rejected the request due to prolonged non-response to clarifications sought during the review process.

NRB Industrial Bearings Limited submitted the original application on July 31, 2025, requesting no-objection from the exchange for the reclassification under Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Despite multiple follow-ups by the exchange, the required clarifications remained unaddressed.

Regulatory Action Details

In a letter dated August 12, 2026 (Ref: NSE/LIST/NIBL/503/2026-2027), Ajit Mahadik, Senior Manager – Listing Compliance at NSE, stated that the application could not be considered due to the lack of response. The exchange instructed the company to submit a fresh application along with a complete set of requisite documents and applicable fees if it wishes to pursue the reclassification further.

Vandana Yadav, Group Company Secretary and Compliance Officer & Legal Head at NRB Industrial Bearings, confirmed the return of the application in a disclosure dated August 13, 2026. The company notified both BSE and NSE listing departments regarding the development.