Board of NRB Industrial Bearings approves allotment of preferential shares

On private placement basis

NRB Industrial Bearings announced that Board via Circular resolution has duly approved the proposed resolution for allotment 50,00,000 (Fifty Lakhs Cumulative Redeemable, Non-convertible Preference shares) each having a nominal value of Rs. 10/- (Ten Only) amounting to Rs. 5,00,00,000/- (Rupees Five Crores) to Mr. Trilochan Singh Sahney under private placement.

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