On 29 August 2019
The Board of NRB Industrial Bearings has approved the allotment of 15,00,000 cumulative, redeemable, non-convertible preference shares of Rs. 10 each aggregating to Rs. 1.50 crore to Devesh Singh Sahney, Chairman and Managing Director and Promoter of the Company vide circulation resolution passed on 29 August 2019. The preference dividend is paid annually at 2% p.a. post-tax expenses. The said shares shall not be listed on any stock exchange.Powered by Capital Market - Live News
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