The Exchange has received the Disclosures of reasons for encumbrance by promoter of listed companies under Reg. 31(1) read with Regulation 28(3) of SEBI (SAST) Regulations, 2011 on December ....
NRBBEARING · price
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Awaiting price reaction for this filing.
This is a revised SAST disclosure filed on December 12, 2025, correcting discrepancies in an earlier submission. Promoter Harshbeena Sahney Zaveri created a fresh pledge on 2.19 crore shares (22.61% of NRB Bearings' share capital) in favour of Tata Capital Limited, an NBFC. Simultaneously, Trilochan Singh Sahney Trust – 1 released a pledge on an equal number of shares. The document explicitly states this is an inter-se promoter transfer with no additional pledge created, and the overall promoter-group pledged percentage remains unchanged at 22.61% post-transaction. The encumbered shares are valued at roughly Rs. 828.83 crore against a loan of about Rs. 291.75 crore, giving a security cover of 2.84 times. The end-use of the borrowed money is stated as personal use by the promoter, including towards a family settlement.
Neutral for shareholders overall — no change in the total promoter pledged percentage or in the promoter's economic interest in the company. However, on an individual basis, Harshbeena Sahney Zaveri's encumbered shares now stand at 54.50% of her personal promoter holding, crossing the 50% mark, which is worth tracking. The pledge is to an NBFC for personal/family-settlement purposes rather than for the company's benefit.