NRB Industrial Bearings reported a consolidated net loss of ₹2,946.03 lakh for the financial year ended March 31, 2026, reversing the net profit of ₹1,863.79 lakh recorded in the previous year. The company’s standalone results for the year also reflected a net loss of ₹3,010.59 lakh. Despite the losses, the Board approved the financial results, asserting the company's status as a going concern based on strategic plans and a financial support letter from a promoter director.

The Board of Directors, in its meeting held on May 28, 2026, approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. The statutory auditors, M/s. SRBC & Co. LLP, issued an unmodified opinion on these results. The meeting also addressed the company's financial health, noting a negative net worth of ₹5,512.10 lakh and a net current liability position of ₹1,896.97 lakh as of March 31, 2026. The company published the financial results in newspapers on May 29, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Revenue from operations for the year ended March 31, 2026, stood at ₹7,562.01 lakh on a consolidated basis, up from ₹6,374.20 lakh in the prior year. Total income rose to ₹8,033.68 lakh. However, total expenditure increased to ₹10,871.52 lakh, driven by higher costs of materials consumed, employee benefits, and finance costs. The company recognized an exceptional expense of ₹172.75 lakh related to the estimated impact of new Labour Codes.

For the quarter ended March 31, 2026, the company reported a consolidated net loss of ₹674.11 lakh and a standalone net loss of ₹681.64 lakh. Revenue from operations for the quarter stood at ₹2,172.03 lakh on both a standalone and consolidated basis.

Board Decisions and Corporate Actions

Alongside the financial results, the Board approved several key managerial and governance decisions. Mr. Vikas Khanna was appointed as the Chief Business Officer for the Automotive sector. Additionally, Mr. Vikas Mandalwar was redesignated as Group Chief Financial Officer, and Mrs. Vandana Yadav was redesignated as Group Company Secretary and Group Legal Head.

The Board approved the re-appointment of M/s. GSC & Co. LLP as the Internal Auditor and M/s. JJ Gandhi & Co. as the Secretarial Auditor for the fiscal year 2026-27. Mr. Devesh Singh Sahney, Executive Non-Independent Director, was also approved for re-appointment, subject to shareholder approval at the ensuing Annual General Meeting.

Corporate Guarantees and Related Party Transactions

The company sanctioned the issuance of corporate guarantees to its associate companies, NRB-IBC Bearings Private Limited and NIBL-Korta Engineering Private Limited. Guarantees of ₹8 crore and ₹5 crore were issued respectively to secure credit facilities for these entities. The Board also approved revisions to the remuneration of Ms. Mallika Sahney, Assistant Vice President – Strategy, and Mr. Devesh Singh Sahney, Chairman and Managing Director, classified as related party transactions subject to shareholder approval.

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