NRB Bearings Board Approves ₹50 Cr Guarantee for Subsidiary Loan
NRB Bearings Ltd announced that its Board of Directors, in a meeting held on August 7, 2026, approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the issuance of corporate guarantees amounting to ₹50 Crores for term loan facilities to be availed by its joint venture subsidiary, NRB Unitec Friction Solutions Private Limited, from HSBC Bank. The financial results and the limited review report from statutory auditors Walker Chandiok & Co LLP were also approved. The company's website will host this information.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Approved corporate guarantee of ₹50 Cr for subsidiary's loan.
- Guarantee is for NRB Unitec Friction Solutions Private Limited.
- Financial results reviewed by Walker Chandiok & Co LLP.
- Information available on the company website.
Price Impact
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