NRB Bearings has witnessed significant corporate actions within its promoter group involving both share transfers and pledge restructuring. The latest developments include an inter-se share transfer completed in November and a subsequent pledge release arrangement in December.

Share Transfer Details

On November 21, 2025, Mrs. Harshbeena Sahney Zaveri acquired a substantial stake through an inter-se promoter transfer from Trilochan Singh Sahney Trust-1.

Shareholding Pattern Changes

The share transfer resulted in significant reshuffling within the promoter group:

Pledge Release and Creation

On December 4, 2025, Trilochan Singh Sahney Trust-1 submitted a revised disclosure regarding the release of pledge on its shares. The trust released pledge on 30,05,000 shares (3.10% of total share capital) that were previously pledged to Tata Capital Limited.

Simultaneously, Mrs. Harshbeena Sahney Zaveri created a corresponding pledge on the same number of shares to Tata Capital Limited, maintaining the overall percentage of pledged promoter shares unchanged.

Current Promoter Pledging Status

Following these transactions, the updated pledging positions show:

Strategic Implications

These transactions represent an inter-se promoter arrangement in accordance with the Trust Deed. The restructuring enables the distribution of shares from Trilochan Singh Sahney Trust-1 to its beneficiary while maintaining the same overall percentage of pledged shares within the promoter group.

The company confirmed that no additional pledge was created and the percentage of total shares pledged by the promoters remains unchanged post these transactions. This strategic move appears to be part of succession planning or internal restructuring within the promoter family without affecting the company's operational control or management structure.

NRB Bearings has submitted a revised disclosure under SEBI Regulation 31(1) and 31(2) regarding share encumbrance by promoter Harshbeena Sahney Zaveri. The revised filing, dated December 12, 2025, addresses discrepancies identified by the stock exchange in the earlier submission and provides corrected details of the inter-promoter arrangement.

Revised Disclosure Details

The company filed the corrected documentation following BSE's email dated December 8, 2025, which highlighted discrepancies in the original disclosure. The revised submission confirms that the encumbrance represents an inter-promoter transfer arrangement designed to maintain overall pledged shareholding percentages.

Updated Promoter Holdings Structure

The revised disclosure shows the complete promoter holding pattern following the inter-promoter arrangement between Harshbeena Sahney Zaveri and Trilochan Singh Sahney Trust-1:

Financial Parameters and Security Coverage

The encumbrance arrangement involves substantial financial commitments with comprehensive security coverage. The total value of encumbered shares held by promoters was approximately ₹828.83 crores as of November 20, 2025, calculated at a weighted average price of ₹288.79.

Transaction Structure and Compliance

The disclosure clarifies that this represents an inter-promoter arrangement where Harshbeena Sahney Zaveri pledged shares corresponding to the release of pledge by Trilochan Singh Sahney Trust-1. The transaction maintains compliance with trust deed requirements while ensuring regulatory transparency.

The company emphasized that no additional pledge was created beyond the inter-promoter transfer, and the percentage of total shares pledged by promoters remains unchanged post-transaction. The revised filing demonstrates the company's commitment to accurate regulatory reporting under SEBI takeover regulations, with comprehensive documentation submitted to both National Stock Exchange of India Limited and BSE Limited.