NRB Industrial Bearings Limited has informed the Exchange about non-applicability of disclosure of Related Party Transaction under SEBI LODR, 2015
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NRB Industrial Bearings Limited has informed exchanges that it qualifies for exemption from corporate governance and Related Party Transaction disclosure requirements under Regulation 15 of SEBI LODR. This exemption applies because the company's paid-up equity capital is Rs.4.84 crore (below Rs.10 crore threshold) and its net worth is negative Rs.19.65 crore (below Rs.25 crore threshold), both as confirmed by statutory auditors JHS & Associates LLP. The certificate also reveals that the company's net worth has deteriorated significantly—from negative Rs.13.52 crore in March 2023 to negative Rs.36.27 crore in March 2024 and negative Rs.19.65 crore in March 2025. Retained earnings stand at negative Rs.145.55 crore as of March 2025.
The company avoids the administrative burden of Related Party Transaction disclosures due to its small size. However, the deeply negative net worth and accumulated losses of over Rs.145 crore signal significant financial stress and deteriorating fundamentals, which should be a concern for existing shareholders.