Management Change at NRB Bearings Limited

NRB Bearings Limited , a prominent player in the bearings industry, has announced a significant change in its top management. The company has informed that Mr. Tanushree Bagrodia has resigned from the position of Chief Financial Officer (CFO) effective May 31, 2023.

New CFO Appointment

In light of this development, the company has appointed Mr. Ashish Choudhury as the new Chief Financial Officer. Mr. Choudhury will assume his new role from June 1, 2023.

Impact and Outlook

This transition in the CFO position is a notable event for NRB Bearings Limited. The change in financial leadership could potentially influence the company's financial strategies and reporting in the coming quarters. Investors and stakeholders will likely be keen to observe how this transition affects the company's financial performance and direction.

About NRB Bearings Limited

NRB Bearings Limited is a well-established company in the bearings manufacturing sector. The company's products find applications in various industries, including automotive, industrial, and aerospace sectors. This management change comes at a time when many companies are adapting to evolving market conditions and economic challenges.

Conclusion

As NRB Bearings Limited navigates this transition, the market will be watching closely to see how the new CFO, Mr. Ashish Choudhury, contributes to the company's financial management and overall growth strategy. The smooth execution of this leadership change will be crucial for maintaining investor confidence and ensuring continuity in the company's financial operations.

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.