The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on January 23, 2026 for Harshbeena Sahney Zaveri
NRBBEARING · price
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Promoter Harshbeena Sahney Zaveri has created a fresh pledge of 80,00,000 equity shares (8.25% of total share capital) of NRB Bearings on January 21, 2026, in favour of Tata Capital Limited. Her total promoter holding stands at 4,02,07,885 shares (41.48% of the company), and after this top-up pledge, her encumbered shares rise to 3,29,19,877, which is 33.97% of total share capital and 81.87% of her own promoter holding. The value of the encumbered shares is around Rs. 806.64 crore against a loan amount of about Rs. 290.39 crore, giving a comfortable coverage ratio of 2.78:1. The promoter has stated the pledge is a precautionary top-up to maintain a higher buffer with the lender amid recent stock market volatility, and the funds are for personal use, including a family settlement involving Trilochan Singh Sahney Trust 1.
While the coverage ratio is healthy and the pledge is described as precautionary, the promoter has now pledged over 81% of her personal stake, which raises leverage risk. A sharp drop in the share price could bring the pledge closer to invocation levels, making this a watch point for investors despite the comfortable current cushion.