Nrb Industrial Bearings has informed that the Board of Directors of NRB Industrial Bearings, at its meeting held on January 20, 2025, has approved the execution of an Inter-Company Agreement between NRB Industrial Bearings and NRB Bearings, a related party, subject to approval of the shareholders of the Company and receipt of the consideration amount of INR. 55.12 Crores by the Company from NRB Bearings as set out under the Inter-Company Agreement. ‘It also wish to clarify that in Annexure A, under the ‘Name of the Party,’ a typographical error was made. The correct name is NRB Bearings Limited. 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) and the SEBI Circular No. SEBI/HO/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023 are given in the enclosed Annexure-A.
The above information is a part of company’s filings submitted to BSE.
