NRB Bearings Promoter Releases Pledged Shares Across Two Days
NRB Bearings Ltd has seen a notable change in its ownership structure as the company's promoter, Harshbeena Sahney Zaveri, released pledged equity shares across two consecutive days, impacting the level of encumbered holdings.The transactions involve the release of pledged shares by Mr. Zaveri, who is identified as a Promoter and Person Acting in Concert (PAC) with the acquirer entity. This activity shifts the balance between freely held voting rights and shares that remain encumbered.
Details regarding the promoter's stake before and after the releases are provided below:
| Holding Category | Before Disposal | After Disposal |
|---|---|---|
| Shares Carrying Voting Rights (VR) | 95,39,204 (9.84%) | 2,91,39,204 (30.06%) |
| Shares in Encumbrance (Pledge/Lien) | 3,06,68,681 (31.64%) | 1,10,68,681 (11.42%) |
| Total Holding (A+B) | 4,02,07,885 (41.48%) | 4,02,07,885 (41.48%) |
Details of Pledged Share Release
The release of pledged shares occurred in two tranches on June 11, 2026, and June 12, 2026. The transactions involved the disposal/release of a total of 2,26,00,000 shares.A summary of the specific releases is as follows:
| Date of Release | Shares Released (Number) | Percentage of Total Voting Capital |
|---|---|---|
| June 11, 2026 | 69,00,000 | 7.12% |
| June 12, 2026 | 1,27,00,000 | 13.10% |
The release of these shares represents a disposal amounting to 20.22% when assessed against the total share capital for each respective day.
Financial and Capital Status Update
The disclosure details confirm that both the equity share capital and the total voting capital of NRB Bearings Ltd remained consistent before and after the acquisition/sale, with the company maintaining 96,922,600 Equity Shares of Rs. 2/- each.NRBBEARING Stock Price Movement
Shares of NRB Bearing Limited on Friday slipped by 1.77% to settle at ₹425.85. The stock saw a substantial volume of 605,683 shares traded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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