NRB Bearings Promoters Release Pledges with Tata Capital, Cut Encumbrance in May 2026

Two promoter-group entities of NRB Bearings Limited have filed separate disclosures under Regulation 29(2) and Regulation 31 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, reporting a share sale and multiple pledge releases. The disclosures, both signed by Harshbeena Zaveri, cover transactions executed on May 11 and May 12, 2026, involving Trilochan Singh Sahney Trust 1 and promoter Harshbeena Sahney Zaveri in her individual capacity. Both pledge releases were executed in favour of Tata Capital Limited, an NBFC, as the promoters are in the process of repaying loans step by step, which has progressively reduced encumbrance.

Trilochan Singh Sahney Trust 1: Share Sale and Pledge Release

Trilochan Singh Sahney Trust 1 executed an open market sale of 15,00,362 equity shares of Rs. 2/- each on May 11, 2026, accounting for 1.55% of the total share and voting capital of NRB Bearings. On May 12, 2026, the trust additionally released the pledge over 18,83,448 equity shares of Rs. 2/- each through an off-market transaction with Tata Capital. The following table summarises the trust's shareholding position before and after these transactions:

Metric: Number % of Total Share Capital Shares carrying voting rights (Before) 18,96,675 1.96% Shares encumbered/pledged (Before) 48,88,448 5.04% Total holding (Before) 67,85,123 7.00% Shares sold (Open Market, May 11, 2026) 15,00,362 1.55% Shares released from pledge (Off-Market, May 12, 2026) 18,83,448 1.94% Shares carrying voting rights (After) 22,79,761 2.35% Shares encumbered/pledged (After) 30,05,000 3.10% Total holding (After) 52,84,761 5.45%

Harshbeena Sahney Zaveri: Individual Pledge Release

In a separate disclosure filed on May 12, 2026, promoter Harshbeena Sahney Zaveri reported the off-market release of a pledge on 11,22,580 equity shares of Rs. 2/- each, representing 1.16% of the total share and voting capital of NRB Bearings, with Tata Capital as the releasing entity. The following table details her shareholding position before and after the transaction:

Metric: Number % of Total Share Capital Shares carrying voting rights (Before) 84,16,624 8.68% Shares encumbered/pledged (Before) 3,17,91,261 32.80% Total holding (Before) 4,02,07,889 41.48% Shares released from pledge (Off-Market, May 12, 2026) 11,22,580 1.16% Shares carrying voting rights (After) 95,39,204 9.84% Shares encumbered/pledged (After) 3,06,68,681 31.64% Total holding (After) 4,02,07,885 41.48%

Promoter Group Shareholding and Encumbrance Overview

The Regulation 31 disclosure provides a comprehensive view of the entire promoter group's shareholding as on the reporting date. Key members of the promoter group and their respective holdings are detailed below:

Promoter / PAC: No. of Shares % of Total Share Capital Encumbered Shares (After) Harshbeena Sahney Zaveri 4,02,07,885 41.48% 3,06,68,681 (31.64%) Trilochan Singh Sahney Trust 1 52,84,761 5.45% 30,05,000 (3.10%) Aziz Yousuf Zaveri 14,99,731 1.55% Nil Anupa Sahney 7,73,021 0.80% Nil Jasjiv Singh Devinder Singh Sahney 3,03,495 0.31% Nil Bhupinder Singh Sahney 35,230 0.04% Nil Sahir Zaveri 19,752 0.02% Nil Trilochan Singh Sahney 1,000 0.00% Nil SZWW General Trading PVT Ltd 5 0.00% Nil Aarti Devesh Sahney 0 0.00% Nil Devesh Singh Sahney 0 0.00% Nil Hanwantbir Kaur Sahney 0 0.00% Nil Mallika Sahney 0 0.00% Nil Rajiv Devinder Singh Sahney 0 0.00% Nil

The total promoter shareholding in NRB Bearings stands at 4,63,21,454 equity shares, representing 47.79% of the total share capital. Of this, 3,36,73,681 equity shares are encumbered, accounting for 72.70% of the total promoter shareholding. Encumbered shares represent more than 50% of promoter shareholding and more than 20% of the total share capital of the company.

Security Cover and End Use of Funds

The disclosures also provide details on the security cover and the purpose of the encumbrance. The total value of encumbered shares held by Harshbeena Sahney Zaveri and Trilochan Singh Sahney Trust 1 as on May 11, 2026 was Rs. 1110.96 Crore (approx), based on the Weighted Average Price of Rs. 329.92 as available on BSE. The total amount involved against which the shares have been encumbered is Rs. 275 Crore, resulting in a security cover ratio of 4:1. The promoters have stated that the borrowed amount is being repaid step by step, which has progressively reduced the encumbrance. The listed company and its group companies are not party to the encumbrance agreements.

Parameter: Details Total Promoter Shareholding 4,63,21,454 shares (47.79%) Total Encumbered Shares 3,36,73,681 shares (72.70% of promoter holding) Value of Encumbered Shares (May 11, 2026) Rs. 1110.96 Crore (approx) Weighted Average Price (BSE) Rs. 329.92 Amount Against Which Shares Encumbered Rs. 275 Crore Security Cover Ratio (A/B) 4:1 Lender Tata Capital Limited (NBFC)

Transaction Summary and Company Share Capital

All transactions were carried out through off-market or open market modes. The total equity share capital of NRB Bearings remains unchanged at 9,69,22,600 equity shares of Rs. 2/- each before and after all the aforementioned transactions. Both disclosures confirm that the respective acquirers belong to the promoter/promoter group of NRB Bearings Limited.

Transaction: Details Open market sale (Trust 1) 15,00,362 shares on May 11, 2026 Off-market pledge release (Trust 1) 18,83,448 shares on May 12, 2026 Off-market pledge release (Zaveri) 11,22,580 shares on May 12, 2026 Total shares unpledged (Annexure II) 30,06,028 shares (3.10%) Releasing Entity Tata Capital Limited

NRB Bearings Limited has confirmed that the audio recording of its Q4 FY2025-26 Earnings Call, held on May 11, 2026, is now available on the company's website. The development was communicated to the stock exchanges on May 11, 2026, under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by Company Secretary & Compliance Officer Khyati Danani. The recording can be accessed at www.nrbbearings.com/investorupdate.html . The transcript of the Earnings Call will be shared with the stock exchanges and uploaded on the company's website in due course.

Earnings Call Details

The following table outlines the key details of the Q4FY26 Earnings Call:

Parameter: Details Date: Monday, May 11, 2026 Time: 15:00 hrs IST Duration: 60 minutes Universal Access Numbers: +91 22 6280 1107 / +91 22 7115 8008 Recording Link: www.nrbbearings.com/investorupdate.html

The original announcement, filed on April 30, 2026, was re-uploaded on May 9, 2026, to address a link issue identified in the earlier communication. During the call, the management discussed the company's operational and financial performance for Q4 FY2025-26.

Management Representatives

The following members of NRB Bearings Limited's management participated in the Earnings Call:

Harshbeena Zaveri – Vice Chairman & Managing Director

Satish Rangani – Non-Executive Director

Vineet Goel – Chief Financial Officer

About NRB Bearings Limited

Established in 1965 and headquartered in Mumbai, NRB Bearings Limited is India's leading manufacturer of needle roller bearings and cylindrical bearings, offering a broad range of high-performance bearings and friction solutions for mobility and industrial applications. The company manufactures precision-engineered and lightweight friction solutions supplied to Indian industry and to customers across over 40 countries globally. NRB Bearings and its global subsidiaries serve a diverse clientele, including leading OEMs across Europe, Asia, and the Americas, with a presence in emerging platforms such as electric and hybrid vehicles as well as a wide range of industrial applications. The company operates manufacturing facilities in Waluj, Aurangabad, Jalna, Ranchi, Hyderabad, Pantnagar, and Thailand, along with research centers in Waluj and Turbe, and subsidiaries in the USA, Europe, Thailand, and UAE.

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