NRB Bearing Limited — Board Meeting, 07-02-2025: Outcome of Board Meeting

The Board has approved the un-audited financial results for the quarter and half-year, revealing a profit after tax of ₹18.21 crore. Total income for the quarter stood at ₹264.37 crore, while total expenses were ₹235.10 crore. The Board also ratified the minutes from a prior committee meeting and noted an inter-company agreement with NRB Industrial Bearings Limited (NIBL), entailing a payment of ₹55.12 crore upon completion of specified conditions. Additional approvals included a 99-year lease for property tied to the company's demerger scheme.