NRB Industrial Bearings Limited Approves Financial Results, Announces Leadership Changes

NRB Industrial Bearings Limited Approves Financial Results, Announces Leadership Changes​

NRB Industrial Bearings Limited announced the outcome of its Board Meeting held on May 28, 2026. Key resolutions included the approval of the audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, alongside several changes in key management roles and the re-appointment of statutory and internal auditors.

Financial Performance Review​

The company presented its detailed audited Standalone and Consolidated Financial Results. The financial statements provide a comparison of operational metrics across various periods.

The Standalone Statement of Audited Financial Results for the quarter and year ended March 31, 2026, showed the following Total Income and Profit/(Loss) after tax:


On a consolidated basis, the Total Income reached 8,033.68 lakhs for the year ended March 31, 2026, resulting in a Total Comprehensive Income of (3,137.16) lakhs. The consolidated Balance Sheet as at March 31, 2026, showed total assets of 12,066.76 lakhs, while total equity and liabilities totaled 17,578.86 lakhs.

The company's total outstanding dues of creditors other than micro enterprises and small enterprises were reported at 109.88 lakhs in the Standalone Balance Sheet as at March 31, 2026.

Key Governance and Management Updates​

The Board of Directors approved several key personnel and governance changes:

• New Appointment: Mr. Vikas Khanna was appointed as the Chief Business Officer - Automotive sector of the Company, effective May 28, 2026.
• Designation Changes:

* Mr. Vikas Mandalwar was designated from Chief Financial Officer to Group Chief Financial Officer.
* Mrs. Vandana Yadav was upgraded from Company Secretary to Group Company Secretary and Group Legal Head.

• Re-appointments: The Board approved the re-appointment of M/s GSC & Co. LLP as the Internal Auditor for the Financial Year (F.Y.) 2026-2027. M/s. JJ Gandhi & Co. was re-appointed as the Secretarial Auditor for the same period.
• Director Status: Mr. Devesh Singh Sahney was re-appointed as Executive Non-Independent Director, subject to shareholder approval at the Annual General Meeting.
• Audit Continuation: M/s SRBC & Co. LLP was approved for the continuation as the Statutory Auditor for F.Y. 2026-2027.

Corporate Approvals and Guarantee Issuance​

The board also approved the revision of the Company's Nomination and Remuneration Policy, as well as the issuance of corporate guarantees. The Company issued corporate guarantees to associate companies NRB-IBC Bearings Private Limited and NIBL-Korta Engineering Private Limited, covering credit facilities of Rs. 8 Crores and Rs. 5 Crores, respectively, through the issuance of a corporate guarantee in favour of the Bank.

Financial Highlights​

The audit report confirms that the Standalone and Consolidated Financial Results are presented in accordance with applicable accounting standards. The company disclosed that the exceptional items included a net gain of Rs. 4,646.76 lakhs relating to an Inter-Company Agreement dated January 20, 2025, and an incremental estimated obligation of Rs. 172.75 Lakhs concerning the change in the definition of wages under the New Labour Codes.

The financial management is optimistic about its future trajectory, noting that the management has formulated strategic plans for improving profitability, which include efforts to increase sales and reduce operating expenses.

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(Note: This report is based solely on details provided in the source documentation.)

NIBL Stock Price Movement​

On Wednesday, shares of NRB Industrial Bearings Limited slipped by 0.23% to close at ₹30.58. The stock traded on a volume of 17,236 shares, finding support near its day low of ₹30.23.