Date: 28th May, 2026
Regulatory Compliance Exemption
NRB Industrial Bearings Limited has claimed exemption from submitting the Annual Secretarial Compliance Report for the financial year ended 31st March, 2026, pursuant to Regulation 15 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The exemption applies because the company's paid-up equity share capital is less than ₹10 crore and net worth is less than ₹25 crore as on 31st March, 2025. Specifically:
- Paid-up equity capital: ₹4,84,61,300 (4.84 crore)
- Net worth: Negative ₹19,64,52,700 (negative 19.64 crore)
Financial Certification
The company attached a Net Worth Certificate issued by practicing Chartered Accountants M/s JHS & Associates LLP (ICAI FRN: 133288W/100099) dated 16th July, 2025, which certifies the financial position as of 31st March, 2025.
Net worth calculation breakdown:
- Paid-up share capital: ₹4,84,61,300 (consistent for 2023, 2024, 2025)
- Reserves & surplus (excluding revaluation reserves): ₹1,210,619,000 (for 2024 and 2025)
- Retained earnings: Negative ₹1,455,533,000 (for 2025)
- Total net worth: Negative ₹19,64,52,700 (2025)
Historical net worth comparison:
- 31st March, 2023: Negative ₹1,35,246,000
- 31st March, 2024: Negative ₹3,62,606,000
- 31st March, 2025: Negative ₹19,64,52,700
The certificate confirms the company has 2,42,30,650 equity shares of ₹2 each as of 31st March, 2025.
Governance Implications
Due to this exemption, the company is not required to comply with corporate governance provisions specified in regulations 17, 17A, 18, 19, 20, 21, 22, 23, 24, 24A, 25, 26, 26A, 27 and clauses (b) to (i) and (t) of sub-regulation (2) of regulation 46 and para C, D and E of Schedule V of SEBI Listing Regulations.