NRB Bearings Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, alongside several major corporate developments during its Board meeting held on February 9, 2026.

Financial Performance for Q3FY26

The company delivered a solid financial performance in Q3FY26, with revenue from operations reaching ₹29,632 lakhs compared to ₹25,708 lakhs in the corresponding quarter of the previous year.

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹86,566 lakhs compared to ₹78,258 lakhs in the corresponding period of the previous year, representing a growth of 10.60%. The profit after tax for the nine-month period stood at ₹8,682 lakhs against ₹6,379 lakhs in the previous year.

Dividend Declaration and Record Date Confirmation

The Board declared a second interim dividend of ₹3.20 per equity share of face value ₹2 each, representing 160% of the face value. Following the Board's decision, the company has officially confirmed February 13, 2026 as the record date for determining dividend entitlement under Regulation 42 of SEBI regulations.

Dividend will be paid to shareholders holding shares in physical form whose names appear in the Register of Members as of close of business hours on February 13, 2026, and to those holding shares in electronic form whose names appear in the beneficial holders list furnished by respective Depositories. Payment is subject to tax deduction at source as per Income Tax Act provisions.

Leadership Changes and Board Reconstitution

Significant leadership transitions were approved during the Board meeting. Mr. Ashank Desai will complete his maximum permissible tenure as Independent Director and Chairman on March 29, 2026, after serving two consecutive terms of five years each. Mr. Tashwinder Singh has been appointed as the new Chairman of the Board effective March 30, 2026.

The company also appointed Mr. Vineet Goel as Chief Financial Officer and Key Managerial Personnel effective February 11, 2026, replacing Ms. Dhara Dhedhi who stepped down as Interim CFO. Mr. Goel brings over 25 years of global experience across manufacturing, service, and technology sectors, with qualifications including CPA (USA), MBA Finance, and extensive international exposure.

Major Capacity Expansion Investment

The Board approved a significant capacity expansion plan requiring an investment of approximately ₹70 crores. This expansion aims to address increased demand and enhance production capabilities across various product lines.

The expansion reflects increased business share on existing products, capacity requirements for new launches in India and overseas for the next 24 months, and the need to cater to a robust order book for FY27 and FY28.

Strategic Initiatives and Joint Ventures

The company approved the incorporation of a new joint venture company, NRB Unitec Technologies Private Limited, in partnership with Unitec S.r.l., part of the Mondial Group, Italy. NRB Bearings will hold a minimum 75% equity stake while Unitec Group will hold up to 25%. The joint venture will manufacture Cylindrical Roller Bearings (CRBs) for the industrial business segment at the company's Hyderabad plant, with a target production capacity of approximately 200,000 CRB units per month.

Additionally, the company's wholly owned subsidiary, Mahant Tool Room Private Limited, incorporated on December 30, 2025, entered into a Business Transfer Agreement on January 27, 2026, to acquire a proprietorship concern engaged in manufacturing precision machinery components for aerospace industry engine and fuel systems for ₹2,750 lakhs.

NRB Bearings Limited has announced a significant strategic acquisition through its wholly owned subsidiary, marking the company's entry into the aerospace manufacturing sector. Mahant Tool Room Private Limited (MTRPL), the subsidiary, has agreed to acquire the business of Mahant Tool Room (MTR) for a total consideration of ₹27.50 crore.

Transaction Overview

The acquisition was formalized through a Business Transfer Agreement signed on January 27, 2026, involving MTRPL, MTR, and the proprietors Mrs. Roopa M. Maramannavar and Mr. Mallappa Maramannavar. The transaction represents a cash-based acquisition of the entire business operations of MTR, except for certain excluded assets as specified in the agreement.

Target Business Profile

Mahant Tool Room operates as a sole proprietorship firm specializing in precision machined components for engine and fuel systems in the aerospace industry. The business demonstrates steady financial performance with consistent revenue generation over recent years.

Financial Performance

The acquired business brings substantial future revenue potential with a confirmed order book exceeding ₹25 crore, providing strong visibility for future operations.

Strategic Implications

This acquisition represents NRB Bearings' strategic diversification into the aerospace sector, expanding beyond its traditional bearing manufacturing business. The transaction enables the company to enter the high-precision aerospace components market through its subsidiary MTRPL.

Key strategic benefits include:

• Entry into aerospace precision manufacturing
• Access to established customer relationships
• Confirmed order book providing revenue visibility
• Expansion of manufacturing capabilities in specialized components

Transaction Structure

The deal structure involves a fixed cash consideration of ₹27.50 crore, with additional milestone-based payments potentially payable over three years post-closing. The acquisition does not constitute a related party transaction, as confirmed by the company's disclosure that promoters and promoter groups have no material interest in the target entity.

The transaction is subject to completion of certain conditions precedent and is expected to close within three months from the agreement date, with provision for extension by mutual consent. No governmental or regulatory approvals are required for completing this acquisition.