Promoter Releases Pledged Shares of NRB Bearings Ltd Stock
NRB Bearings Limited reported the release of pledged equity shares held by a promoter group member, Harshbeena Sahney Zaveri. The action represents part of the ongoing management of share encumbrances, with details provided regarding the resulting shareholder holding structure.The release involved two tranches of pledged shares across June 2026. Specifically, 3,784,427 shares were released on June 23, 2026, and an additional 7,84,000 shares were released on June 25, 2026. These releases account for 3.90% and 0.81%, respectively, of the original encumbered shareholding.
The data indicates that Harshbeena Sahney Zaveri, identified as a promoter, held a total of 40,207,885 shares in the company before the disposal, which represented 30.06% of the voting capital and 11.42% of encumbered shares (pledge).
The financial snapshot detailing the state of the acquisition prior to the release is as follows:
| Metric | Details (Prior to Release) | Percentage |
|---|---|---|
| Shares carrying voting rights | 2,91,39,204 | 30.06% |
| Encumbered shares (Pledge/Lien) | 1,10,68,681 | 11.42% |
| Total Holdings | 4,02,07,885 | 41.48% |
Following the release of the pledged equity, the shareholder's holding structure has been updated. The total number of shares remains at 4,02,07,885. Post-release, these holdings comprise:
| Metric | Details (After Release) |
|---|---|
| Shares carrying voting rights | 3,37,07,631 (34.78%) |
| Encumbered shares with the acquirer | 65,00,254 (6.70%) |
The company's total equity share capital and voting capital stand at 96,922,600 Equity Shares of Rs. 2/- each both before and after the said acquisition/release.
NRBBEARING Stock Price Movement
Shares of NRB Bearing Limited are edging higher to ₹438.10 as of 11:06 AM today, gaining 2.07% in live trading. The stock has seen robust activity, with over 714,873 shares transacting in the market so far this morning.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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