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 April ....
NRBBEARING · price
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NRB Bearings promoter Harshbeena Sahney Zaveri and Trilochan Singh Sahney Trust-1 filed a pledge restructuring disclosure dated 8 April 2026. The promoters prepaid part of their loan with Tata Capital Limited (TCL) using funds from Aditya Birla Capital Limited (ABCL), causing TCL to release 19.5 million pledged shares (20.13% of total capital) while 19.5 million shares were newly pledged in favour of ABCL. Overall promoter pledge was reduced in net terms. The total promoter holding stands at 49,625,042 shares (51.20% of capital), of which 36,679,709 (73.91% of promoter holding, 37.84% of total capital) remain encumbered. The value of encumbered shares was approximately Rs 878 crore against an outstanding debt of Rs 275.65 crore, giving a security cover ratio of 3.19x.
The encumbered shares represent 73.91% of promoter holding, well above the 50% threshold, which is a key risk signal for shareholders. However, the net reduction in pledge and good collateral cover (3.19x) suggests the restructuring was driven by refinancing to lower borrowing costs rather than financial distress.