NRB Industrial Bearings Limited has informed regarding Submission of the Compliance Report on Corporate Governance for the Q1 FY 2025-26
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Awaiting price reaction for this filing.
NRB Industrial Bearings Limited has informed the stock exchanges that it is exempt from submitting the quarterly Corporate Governance Report for the quarter ended 30th June 2025. Under Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, companies with paid-up equity share capital below Rs. 10 crore and net worth below Rs. 25 crore are not required to comply with corporate governance provisions. The company qualifies for this exemption, as its paid-up capital and net worth have remained below these thresholds for three consecutive financial years — FY 2024-25, FY 2023-24, and FY 2022-23. A certificate from chartered accountants M/s JHS & Associates LLP confirming this has been attached with the filing.
This is a routine compliance filing and has no material impact on shareholders or the stock price. It simply confirms that the company falls in the small-cap category and is exempt from detailed corporate governance reporting requirements.