NRB Bearing Limited — Important, 18-02-2025: General Updates

The company is undergoing significant changes following a family settlement agreement involving key members of the Sahney family. The new structure stipulates that the HSZ Family will solely manage and control the NRB Group, while the DSS Family will assume control over the NIBL Group. Notably, equity shares amounting to approximately 0.89% of NRB's paid-up capital, previously held by the DSS Family, will be transferred to the HSZ Family. This alignment is structured to enhance governance and resolve family disputes, targeting a smoother operational framework for both groups. The HSZ Family will retain control of TSS Trust 1, which holds 34.88% of NRB, while the DSS Family will control TSS Trust 2. Stakeholders should monitor these developments closely, as this realignment promises to impact the strategic direction and operational dynamics of NRB Bearings significantly.