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NRB Bearings informs about outcome of board meeting

21 Jan 2025 Evaluate

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, NRB Bearings has informed that at a meeting of the Board of Directors held on January 20, 2025, the Board approved and entered into an Inter-Company Agreement dated January 20, 2025 with NRB Industrial Bearings (NIBL), a related party for: • regulating the rights to use Intellectual Property • release by NIBL of the right to use the immovable property of the Company situated at 2nd and 3rd floor, Dhannur, 15 Sir P M Road, Fort, Mumbai 400 001 • non solicitation of employees. The Company shall make a payment to NIBL, upon completion of certain conditions precedent as specified in the Inter-Company Agreement (Agreement), of Rs. 55.12 crores. The details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 (as amended) are given in the enclosed Annexure-I.

The above information is a part of company’s filings submitted to BSE.

NRB Bearings Share Price

265.55 10.50 (4.12%)
15-Apr-2026 16:59 View Price Chart
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