NRB Promoters Reduce Overall Share Pledge by 0.03% for Loan Optimization

NRB Bearings Ltd received a disclosure regarding promoter share encumbrance. Promoters Trilochan Singh Sahney Trust 1 and Harshbeena Sahney Zaveri undertook a re-pledging exercise to optimize borrowing costs. This involved pre-paying existing loans with Tata Capital Limited (TCL) using new loans from Aditya Birla Capital Limited (ABCL). Consequently, shares previously pledged to TCL were released and subsequently re-pledged to ABCL. While Trilochan Singh Sahney Trust 1's pledged shares increased from 3.90% to 5.04%, Harshbeena Sahney Zaveri's pledged shares decreased from 33.97% to 32.80%. The overall promoter share pledge has been marginally reduced by 0.03%.