NRB Industrial Bearings has informed that Further Board via. Circular resolution has duly approved the allotment for third tranche of subscription money received from applicant and hence proposed resolution on April 05, 2016 for further allotment of 50,00,000 (Fifty Lakh Cumulative Redeemable, Non-Convertible Preference shares) each having a nominal value of Rs 10 amounting to Rs 5,00,00,000 to Trilochan Singh Sahney under private placement has been approved.
The above information is a part of company’s filings submitted to BSE.
