NRB Industrial Bearings issues "13 Cr corporate guarantees to associates

NRB Industrial Bearings Limited's Board approved issuing corporate guarantees to lenders of its associate companies, NIBL-KORTA Engineering Private Limited and NRB-IBC Bearings Private Limited. NIBL-KORTA received a "5 Crore credit facility, and NRB-IBC received an "8 Crore facility, totaling "13 Crores in guarantees. Certain promoter group members and directors have an interest due to common shareholding/directorship in the associate companies, but the guarantees were issued on an arm's length basis. The company anticipates no immediate impact on the listed entity.