NRB Bearings Limited announced that its wholly-owned subsidiary, Mahant Tool Room Private Limited (MTRPL), has entered into a Business Transfer Agreement to acquire the business of Mahant Tool Room (MTR), a sole proprietorship concern. The acquisition, valued at a cash consideration of ₹27.50 crore (INR 27,50,00,000), marks the company's entry into the aerospace industry. MTR, based in Bangalore, is engaged in the manufacturing of precision machined components for engine and fuel systems for the aerospace industry. For the Financial Year 2025, MTR reported a turnover of ₹1.88 crore (INR 1,88,30,000) and possesses a confirmed order book exceeding ₹25 crore. The acquisition is subject to certain conditions precedent. The transaction is expected to be completed within three months from the agreement signing date, January 27, 2026, with an option for a three-month extension based on mutual consent. Post-closing, additional amounts may be payable if certain milestones are achieved over a three-year period. The acquisition is not considered a related party transaction, and the promoter/promoter group does not have a material interest.
