Mr. Devesh Singh Sahney has submitted to the Exchange a copy of Disclosures under Regulation 10(6)-Report to stock Exchange in respect of any acquisition made in reliance upon exemption provided for in regulation 10 of SEBI (SAST) Regulations, 2011.
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Mr. Devesh Singh Sahney, a promoter of NRB Industrial Bearings Limited, acquired 3,73,175 equity shares (1.54% of diluted share capital) from fellow promoter Ms. Ambita Sahney through an off-market inter-se transfer at a mutually agreed price of Rs. 30.30 per share. Following the transaction on June 11, 2025, Devesh Sahney's stake rose from 19.60% (47,49,736 shares) to 21.14% (51,22,911 shares), while Ambita Sahney's holding dropped to nil. The transfer is exempt from an open offer requirement under Regulation 10(1)(a)(ii) of SEBI Takeover Regulations, as it is between members of the same promoter group.
This is a reshuffling within the promoter family with no change in total promoter holding, so there is no material impact on the stock price. Existing shareholders are unaffected as the combined promoter group's economic interest in the company remains the same.