NRB Industrial Bearings Limited has informed regarding the Non-applicability of the Corporate Governance Report for the Quarter ended 31st March, 2026.
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NRB Industrial Bearings Limited has informed exchanges that it is exempt from SEBI's corporate governance requirements under Regulation 15, because both its paid-up equity capital (Rs. 4.84 crore) and net worth (negative Rs. 19.65 crore) fall below the thresholds (Rs. 10 crore and Rs. 25 crore respectively) that trigger these obligations. A certificate from statutory auditors JHS & Associates LLP confirms these figures as on 31st March, 2025. The company is therefore not required to comply with regulations 17 through 27, Clause 46(b)-(i)/(t), and Schedule V paras C-E for Q4 FY2026. The net worth has worsened significantly — from negative Rs. 3.63 crore in March 2024 to negative Rs. 19.65 crore in March 2025 — indicating deteriorating financial health.
The exemption itself is routine for small companies, but the severely negative and worsening net worth is a red flag for investors, signalling significant accumulated losses and potential going-concern risks.