NRB Bearings Reduces Promoter Pledge to 11.42%

NRB Bearings Limited has significantly reduced its promoter pledge, with Managing Director Harshbeena Zaveri freeing 19.6 million shares. This action lowered the promoter-pledged shares from 31.64% to 11.42%, facilitated by a block deal that also brought in institutional investors like Arohi Capital, PGIM, Alchemy, and Arcadian. The company reported strong FY26 performance with 11% revenue growth and a 19.5% EBITDA margin. NRB is pursuing aggressive capacity expansion across its EV-agnostic auto business, industrial segment (targeting 25% revenue by 2031 via JVs and acquisitions in Aerospace, Defense, Industrial Gearboxes, Construction Equipment, and Data Centers), and global markets with a 'Make in USA' strategy. Its R&D capabilities and talent pool are highlighted as key differentiators.