NRB Bearings Ltd

🔁 NRB Bearings Promoters Restructure Loans, Reduce Pledge Ratio

- Promoters Harshbeena Sahney Zaveri and Trilochan Singh Sahney Trust - 1 restructured loans, prepaying part to Tata Capital and borrowing from Aditya Birla Capital.

- Total promoter shareholding is 49,625,042 shares (51.20% of total capital), with 36,679,709 shares (73.91% of promoter holdings) encumbered.

- Encumbered shares worth ₹878.04 crore collateralize loans totaling ₹275.65 crore, resulting in a security cover ratio of 3.19:1.

- For Harshbeena Sahney Zaveri: 17,613,043 shares (18.17% of total capital) released by TCL; 16,484,427 shares (17.01% of total capital) pledged to ABCL.

- For Trilochan Singh Sahney Trust - 1: 1,896,675 shares (1.96% of total capital) released; 3,005,000 shares (3.10% of total capital) pledged to ABCL.

- Overall promoter pledge reduced as part of restructuring to optimize borrowing costs.