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 January ....
NRBBEARING · price
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Promoter Harshbeena Sahney Zaveri has created an additional pledge of 80,00,000 equity shares (8.25% of total share capital) of NRB Bearings on January 21, 2026 with Tata Capital Limited, an NBFC. Post this pledge, her total encumbered shares stand at 3,29,19,877 shares (33.97% of total share capital), which is 81.87% of her total promoter holding of 4,02,07,885 shares (41.48% of the company). The encumbered shares are valued at approximately Rs 806.64 crore against a loan amount of Rs 290.39 crore, providing a security cover of 2.78 times. The promoter states this is a precautionary top-up pledge to maintain a higher buffer with the lender amid recent stock market volatility, with funds meant for personal use including family settlement.
With over 81% of the promoter's holding now pledged, there is elevated risk of margin calls or forced sale if NRB Bearings' stock price drops sharply. However, the promoter has framed this as a defensive, buffer-building move, and the 2.78x security cover currently provides meaningful cushion against the loan amount.