Shareholding30 Sept 2026, 06:10 pm
NRB Bearings: Promoter Releases 900,000 Pledged Shares
AI Summary
NRB Bearings Limited has announced the release of 900,000 pledged equity shares by promoter Harshbeena Sahney Zaveri. This action, reported on September 30, 2026, is attributed to the pre-payment of a loan and the subsequent release of related pledged shares. The shares were unpledged by Tata Capital Limited. This event signifies a reduction in the encumbered portion of promoter holdings, with Harshbeena Sahney Zaveri's promoter holding in the company remaining substantial at 41.13% (3,98,70,208 shares) post-release. The total promoter holding already encumbered has decreased by 0.93% to 1.44% (14,00,000 shares).
Key Highlights
- Promoter Harshbeena Sahney Zaveri released 900,000 pledged shares.
- Release is due to loan pre-payment and associated share unpledging.
- Tata Capital Limited facilitated the unpledging of shares.
- Promoter holding remains 41.13% post-release.
- Encumbered shares reduced by 0.93%.
Price Impact
More from NRBBEARING