NRB Industrial Bearings Limited has informed the Exchange regarding 'Non Applicability of Annual Secretarial Compliance Report'.
NIBL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
NRB Industrial Bearings Limited has informed exchanges that it is not required to submit an Annual Secretarial Compliance Report for FY 2025-26. The company qualifies for an exemption under SEBI Listing Regulation 15 because its paid-up equity capital (Rs. 4.84 crore) is below the Rs. 10 crore threshold and its net worth (negative Rs. 19.65 crore) is below the Rs. 25 crore threshold. A certificate from chartered accountants JHS & Associates LLP confirms these figures based on audited standalone financial statements. The company's net worth has deteriorated from negative Rs. 13.52 crore in March 2023 to negative Rs. 19.65 crore in March 2025, with retained losses of Rs. 145.55 crore.
The disclosure reveals significant financial distress with deeply negative net worth, which raises concerns about the company's solvency. Exemption from SEBI governance rules means reduced investor protections. Shareholders should closely monitor the company's turnaround efforts and financial health.