StockWatch
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Abrasives & Bearings
Shareholding10 Jun 2026, 07:21 pm

NRB Bearings: Promoter Trust Unpledges 70,000 Shares

AI Summary

NRB Bearings Ltd announced that Trilochan Singh Sahney Trust – 1, a promoter entity, has unpledged 70,000 equity shares of the company. The release of encumbrance occurred on June 8, 2026, and was facilitated by Aditya Birla Capital Limited. The reason cited for the unpledging was the prepayment of a loan. Following this event, Trilochan Singh Sahney Trust – 1 now holds no encumbered shares. However, the overall promoter group still has a significant portion of its holding encumbered, with 3,06,68,681 equity shares (representing 31.64% of total share capital and 70.74% of promoter shareholding) remaining pledged.

Key Highlights

  • Trilochan Singh Sahney Trust-1 unpledged 70,000 NRB Bearings shares.
  • The shares were released on June 8, 2026, due to loan prepayment.
  • Aditya Birla Capital Limited released the pledged shares.
  • Post-release, Trilochan Singh Sahney Trust-1 holds no encumbered shares.