NRB Industrial Bearings Limited (NIBL) announced that its Board of Directors, in a meeting held on February 05, 2026, has approved the extension of the redemption period for its 2% Cumulative, Redeemable, Non-Convertible Preference Shares by a period of three years. This decision is subject to the approval of the company's members, which will be sought through a postal ballot. The notice for the postal ballot will be issued in due course. The company has provided details regarding the alteration in the terms of existing securities. Specifically, the tenure of the 2% Cumulative, Redeemable, Non-Convertible Preference Shares, with a face value of ₹10 each and an aggregate value of ₹20,00,00,000 (Rupees Twenty Crore only), will be extended by three years from their respective existing redemption dates. These shares were allotted in four tranches. For the first tranche of 50,00,000 preference shares, the existing redemption date was March 29, 2026, and the revised redemption date will be March 28, 2029. For the second tranche of 50,00,000 preference shares, the existing redemption date was March 30, 2026, and the revised redemption date will be March 29, 2029. For the third tranche of 50,00,000 preference shares, the existing redemption date was April 04, 2026, and the revised redemption date will be April 03, 2029. For the fourth tranche of 50,00,000 preference shares, the existing redemption date was April 05, 2026, and the revised redemption date will be April 04, 2029. All other terms and conditions of these preference shares will remain unchanged.
