NRB Industrial Bearings Announces Postal Ballot Results for Preference Shares Redemption Extension

NRB Industrial Bearings Limited has successfully concluded its postal ballot process for seeking shareholder approval on extending the redemption period of its preference shares. The company announced the results on March 27, 2026, following the completion of the e-voting period that ended on March 26, 2026.

Postal Ballot Process Details

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company appointed Central Depository Services Limited (CDSL) to provide remote e-voting facilities to shareholders.

Parameter:	Details
Postal Ballot Notice Date:	February 05, 2026
Cut-off Date:	February 20, 2026
Total Shareholders:	17110
Voting Period:	February 25, 2026 (09:00 AM) to March 26, 2026 (05:00 PM)
Scrutinizer:	CS J. J. Gandhi (F3519)

Resolution and Voting Results

The special resolution pertained to the extension of redemption period of 2% Cumulative, Redeemable, Non-Convertible Preference Shares. The resolution was passed with overwhelming support from participating shareholders.

Voting Category:	Shares Held	Votes Polled	Participation (%)	Votes in Favour	Votes Against	Approval Rate (%)
Promoter & Promoter Group:	18111794	0	0.00	0	0	0.00
Public Institutions:	1750	0	0.00	0	0	0.00
Public Non-Institutions:	6117106	723147	11.82	722708	439	99.94
Total:	24230650	723147	2.98	722708	439	99.94

Key Observations

The voting results reveal several notable patterns in shareholder participation. Only public non-institutional shareholders participated in the e-voting process, with neither the promoter group nor institutional investors casting any votes. Despite the low overall participation rate of 2.98%, the resolution received strong support with 99.94% of votes cast in favour.

The scrutinizer confirmed that the postal ballot process was conducted in compliance with all regulatory requirements, including the MCA circulars issued in response to the COVID-19 pandemic. The company distributed the postal ballot notice via email on February 24, 2026, and published public advertisements in Financial Express and Pratahkal newspapers on February 25, 2026.

Scrutinizer's Report and Compliance

CS J. J. Gandhi of J. J. Gandhi & Co., the appointed scrutinizer, submitted his comprehensive report confirming the validity of the voting process. The scrutinizer verified that all procedural requirements were met, including proper notice distribution, website publication, and adherence to the specified voting timeline.

Compliance Aspect:	Status
MCA Circular Compliance:	General Circular No. 14, 17 of 2020 and No. 9 of 2025
Notice Distribution:	Email dispatch completed February 24, 2026
Public Advertisement:	Financial Express and Pratahkal on February 25, 2026
Website Publication:	Company website and CDSL e-voting portal
Vote Unblocking:	March 26, 2026 in presence of two witnesses

The results have been uploaded on the company's website at www.nrbindustrialbearings.com and CDSL's e-voting portal at www.evotingindia.com as required by regulations. The scrutinizer's report carries UDIN F003519G004124779 for verification purposes.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.12%	-2.32%	-12.54%	+0.04%	+28.22%	+36.75%

Mrs. Aarti Devesh Sahney, a promoter of NRB Industrial Bearings Limited, has acquired 10,000 equity shares of the company through open market trade. The acquisition was completed on 27.02.2026 and disclosed in compliance with SEBI regulations governing substantial share acquisitions.

Share Acquisition Details

The transaction represents a strategic increase in Mrs. Sahney's stake in the industrial bearings manufacturer. The acquisition details are presented below:

Parameter	Before Acquisition	Acquisition	After Acquisition
Shares Held	10,15,660	10,000	10,25,660
Percentage Holding	4.19%	0.04%	4.23%
Mode of Acquisition	-	Open Market Trade	-
Date of Transaction	-	27.02.2026	-

Regulatory Compliance

The disclosure was submitted under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Mrs. Sahney, residing at 13, Shangrila, 27A, Carmichael Road, Mumbai-400020, filed the necessary documentation with both BSE Limited and National Stock Exchange of India Limited where the company's shares are listed.

Company Capital Structure

NRB Industrial Bearings Limited maintains a stable capital structure with the following specifications:

Capital Details	Amount/Number
Total Equity Capital	Rs.4,84,61,300
Number of Equity Shares	2,42,30,650
Face Value per Share	Rs. 2/-
Listing Exchanges	BSE Limited, NSE

The company's equity capital structure remained unchanged following this acquisition, with the total diluted share capital continuing to represent 2,42,30,650 equity shares of Rs. 2/- each.

Market Information

NRB Industrial Bearings Limited trades on both major Indian stock exchanges with scrip code 535458 on BSE and symbol NIBL on NSE. The company is headquartered at 3rd floor, Metro House, M.G. Road, Near Dhobi Talao, Mumbai, Maharashtra, 400020.

The acquisition reflects continued promoter confidence in the company's prospects, with Mrs. Sahney increasing her voting rights through this open market purchase while maintaining compliance with all regulatory disclosure requirements.