Non- applicability of Disclosure of Related party transaction specified under Regulation 23(9) of SEBI (LODR) Regulation, 2015 for the year ended 31st March, 2026.
NIBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NRB Industrial Bearings Ltd has informed stock exchanges that it is exempt from disclosing Related Party Transactions for FY 2026 under SEBI regulations. The exemption applies because the company's paid-up equity capital (Rs. 4.84 crore) is below Rs. 10 crore and net worth (negative Rs. 19.64 crore) is below Rs. 25 crore as of March 31, 2025. A certificate from chartered accountants JHS & Associates LLP confirms these figures. The filing reveals the company's retained earnings stand at negative Rs. 145.55 crore, indicating significant accumulated losses. Net worth deteriorated sharply from negative Rs. 3.63 crore in March 2024 to negative Rs. 19.65 crore in March 2025.
The company is exempt from standard corporate governance disclosures due to its small size, but the deeply negative net worth of Rs. 19.65 crore signals serious financial stress and accumulated losses, which is concerning for existing shareholders and potential investors.