NRB Industrial Bearings Limited is exempt from disclosing related party transactions for the financial year ended March 31, 2026, due to its net worth and paid-up capital falling below regulatory thresholds. The company informed the stock exchanges on May 28, 2026, that compliance with Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, is not required. This exemption is granted under Regulation 15, as the company's paid-up equity share capital is less than ₹10 crore and its net worth is less than ₹25 crore as of March 31, 2025.

A certificate issued by practicing Chartered Accountants M/s JHS & Associates LLP confirms the financial metrics that justify the exemption. The certificate states that NRB Industrial Bearings Limited had a negative net worth of ₹19,64,52,700 as of March 31, 2025, based on audited standalone financial statements. The paid-up equity share capital stood at ₹4,84,61,300, consisting of 2,42,30,650 shares of ₹2 each.

Net Worth Details

The breakdown of the company's financial position over the past three years highlights the decline in net worth. The following table details the specific figures used to calculate the net worth as of March 31, 2025, compared to the previous two years.

The submission to BSE Limited and National Stock Exchange of India Limited included the net worth certificate to validate the claim for exemption. Consequently, the company is not required to submit the disclosure of related party transactions for FY26 to the stock exchanges. The letter was signed by Vandana, Company Secretary and Compliance Officer, on behalf of NRB Industrial Bearings Limited.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE047O01014/9eabddcb595a4d97.pdf

nrb industrial bearings has approved its revised Nomination and Remuneration Policy following a Board meeting on May 28, 2026. The update ensures the policy remains compliant with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This alignment is critical for maintaining corporate governance standards and regulatory adherence.

The Board of Directors formally sanctioned the revisions during the session convened on May 28, 2026. The modifications were implemented to incorporate the latest amendments to the statutory frameworks governing listed entities in India. By updating the policy, the company aims to reflect current regulatory requirements and best practices in executive compensation and board nominations.

Regulatory Compliance

The policy revision was executed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates timely disclosure of material events, including significant changes in corporate governance policies. The company confirmed that the revised policy is now consistent with the provisions of the Companies Act, 2013 and the SEBI (LODR) Regulations as amended from time to time.

Accessibility

The complete text of the revised Nomination and Remuneration Policy has been made available for stakeholder review. Interested parties can access the document directly through the company's official website at https://nrbindustrialbearings.com . This move ensures transparency and allows shareholders and regulatory bodies to verify the updated governance framework.

The disclosure was filed by Vandana Yadav, Company Secretary & Compliance Officer, on behalf of NRB Industrial Bearings Limited.