NRB Bearing clarifies AGM resolution scope, excludes promoter entities
NRBBEARING · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NRB Bearing Limited has clarified Agenda Item No. 4 of its 61st AGM notice scheduled for July 29, 2026. The item seeks shareholder approval under Section 185 of the Companies Act 2013 to extend loans, guarantees or security to subsidiaries, associates, joint ventures and group entities where the company holds 51% or more equity or exercises control. The company explicitly stated this enabling approval is not intended for any promoter or promoter group entity. Any transaction carried out will comply with the Companies Act 2013 and SEBI LODR regulations.
Routine pre-AGM clarification; reassures shareholders the enabling approval excludes promoter entities, limiting related-party risk.