5303672026-01-012026-03-315303672026-03-315303672025-03-315303672025-04-012026-03-315303672026-01-012026-03-31in-capmkt:OtherExpenses1Member5303672026-01-012026-03-31in-capmkt:OtherExpenses2Member5303672026-01-012026-03-31in-capmkt:OtherExpenses3Member5303672026-01-012026-03-31in-capmkt:OtherExpenses4Member5303672026-01-012026-03-31in-capmkt:OtherExpenses5Member5303672026-01-012026-03-31in-capmkt:OtherExpenses6Member5303672026-01-012026-03-31in-capmkt:OtherExpenses7Member5303672026-01-012026-03-31in-capmkt:OtherExpenses8Member5303672026-01-012026-03-31in-capmkt:OtherExpenses9Member5303672026-01-012026-03-31in-capmkt:OtherExpenses10Member5303672025-04-012026-03-31in-capmkt:OtherExpenses1Member5303672025-04-012026-03-31in-capmkt:OtherExpenses2Member5303672025-04-012026-03-31in-capmkt:OtherExpenses3Member5303672025-04-012026-03-31in-capmkt:OtherExpenses4Member5303672025-04-012026-03-31in-capmkt:OtherExpenses5Member5303672025-04-012026-03-31in-capmkt:OtherExpenses6Member5303672025-04-012026-03-31in-capmkt:OtherExpenses7Member5303672025-04-012026-03-31in-capmkt:OtherExpenses8Member5303672025-04-012026-03-31in-capmkt:OtherExpenses9Member5303672025-04-012026-03-31in-capmkt:OtherExpenses10Member5303672026-03-31OtherNoncurrentFinancialAssetsDomain15303672026-03-31OtherNoncurrentFinancialAssetsDomain25303672026-03-31OtherNoncurrentFinancialAssetsDomain35303672026-03-31OtherNoncurrentAssetsDomain15303672026-03-31OtherNoncurrentAssetsDomain25303672026-03-31OtherNoncurrentAssetsDomain35303672026-03-31OtherNoncurrentAssetsDomain45303672026-03-31OtherCurrentFinancialAssetsDomain15303672026-03-31OtherCurrentFinancialAssetsDomain25303672026-03-31OtherCurrentFinancialAssetsDomain35303672026-03-31OtherCurrentAssetsDomain15303672026-03-31OtherCurrentAssetsDomain25303672026-03-31OtherCurrentAssetsDomain35303672026-03-31OtherCurrentAssetsDomain45303672026-03-31OtherCurrentAssetsDomain55303672026-03-31OtherCurrentAssetsDomain65303672026-03-31OtherNoncurrentFinancialLiabilitiesDomain15303672026-03-31OtherNoncurrentFinancialLiabilitiesDomain25303672026-03-31OtherCurrentFinancialLiabilitiesDomain15303672026-03-31OtherCurrentFinancialLiabilitiesDomain25303672026-03-31OtherCurrentFinancialLiabilitiesDomain35303672026-03-31OtherCurrentFinancialLiabilitiesDomain45303672026-03-31OtherCurrentFinancialLiabilitiesDomain55303672026-03-31OtherCurrentFinancialLiabilitiesDomain65303672026-03-31OtherCurrentFinancialLiabilitiesDomain75303672026-03-31OtherCurrentFinancialLiabilitiesDomain85303672026-03-31OtherCurrentLiabilitiesDomain15303672026-03-31OtherCurrentLiabilitiesDomain25303672026-03-31OtherCurrentLiabilitiesDomain35303672026-03-31OtherCurrentLiabilitiesDomain45303672026-03-31OtherCurrentLiabilitiesDomain55303672026-03-31OtherCurrentLiabilitiesDomain6iso4217:INRiso4217:INRxbrli:shares530367NRBBEARINGNOTLISTEDINE349A01021NRB BEARINGS LIMITEDMain BoardEquity2025-04-012026-03-312026-05-072026-04-30INRLakhsQuarterlyFourth quarterSingle segmentBEARING2026-05-0703:00:002026-05-0706:18:00trueCash Flow IndirectNot applicable2026-01-012026-03-31AuditedConsolidated37198000007010000037899000001399000000021420000051810000019100000163000000918600000323200000055790000005579000001021000003490000013700000004209000000000420900000-471000003738000004141000006800000367000000680000019380000024.274.27004.274.27NRB Bearings Limited <BR> Part IV - Notes (Part I to III) <BR> 1 The above consolidated audited financial results statement of NRB Bearings Limited the Parent Company were reviewed and recommended by the Audit Committee and were thereafter approved by the Board of Directors at their respective meetings held on 07 May 2026. The statutory auditors have carried out an audit of this statement for the year ended 31 March 2026. <BR> 2 The statement has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard Ind AS prescribed under section 133 of the Companies Act 2013 the Act and other accounting principles generally accepted in India. The statement includes the audited financial results of the Parent Company and its 3 subsidiaries together referred to as the Group and is in compliance with the presentation and disclosure requirements of Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015 as amended. <BR> 3 The outstanding balances as at 31 March 2026 of the Parent Company includes trade receivables amounting to Rs 2182 lakhs pertaining to customers situated outside India. These balances are pending for settlement adjustments and have resulted in delays in receipts beyond the timeline stipulated by the FED Master Direction No 16 2015 16 as amended under the Foreign Exchange Management Act 1999. The Parent Company is in the process of recovering these outstanding dues however wherever required provision has been made in the books of account. The Parent Company is also in the process of regularising these defaults with the appropriate authority. Pending conclusion of the aforesaid matter the amount of penalty if any that may be levied is not ascertainable. However the Parent Companys management believes that the exposure is not expected to be material. Accordingly the accompanying statement do not include any consequential adjustments that may arise due to such delay. <BR> 4 Exceptional items loss net <BR> Particulars <BR> i Claim received from Insurance company on account of Waluj fire refer note 5 <BR> ii Reversal of input tax credit under section 16 of CGST Act 2017 refer note 6 <BR> a On loss of inventories due to fire <BR> b On brokerage paid on sale of land and building at Thane <BR> iii Compensation pursuant to inter company agreement refer note 7 <BR> iv Statutory impact of new labour codes refer note 8 <BR> 5 A fire incident had occurred at one of the Parent Companys plant situated at Waluj Aurangabad on 08 May 2023 wherein the Parent Company had made an assessment of loss amounting to Rs 2076 lakhs with respect to the damage caused to inventories plant and equipments and other accessories buildings and other civil structures. The Parent Company believes it has adequate insurance coverage to cover these losses. <BR> During the quarter and year ended 31 March 2025 the Insurance Company had disbursed a total amount of Rs 750 lakhs as an interim payment against plant and equipments and other accessories buildings and other civil structures which was classified as an exceptional gain for the quarter and year ended 31 March 2025. <BR> Additionally the management of the Parent Company had filed a claim with the surveyor to recover operational losses caused due to fire wherein the Insurance Company has disbursed Rs 621 lakhs during the quarter ended 31 December 2025 which is classified as an exceptional gain for the quarter ended 31 December 2025 and year ended 31 March 2026 thereon. <BR> 6 During the year ended 31 March 2025 the Parent Company had reversed the input tax credit amounting to Rs 394 lakhs and Rs 33 lakhs on account of loss of inventories due to fire at Waluj and brokerage paid for sale of land and building at Thane respectively. These credits were reversed under section 16 of the CGST Act 2017 from the available balances in the electronic credit ledger while filing the Goods and Services Tax GST annual return for the financial year 2023 24 which were classified as an exceptional item for the year ended 31 March 2025. <BR> 7 The Committee of Directors of the Parent Company at its meeting held on 20 January 2025 approved an Inter Company Agreement Agreement between the Parent Company and NRB Industrial Bearings Limited NIBL a related party formalising terms arising from the scheme of demerger dated 24 August 2012. Under this Agreement NIBL may continue using the marks NRB Industrial and NRB Industrial Bearings strictly in the specific red coloured stylization font and pattern as specified in the demerger scheme and the Agreement with the related restrictions at all time and with usage rights immediately ceasing upon any change of control at NIBL. NIBL is also required to relinquish and vacate the Parent Companys immovable property at Dhannur Fort Mumbai including shifting its registered office and both entities agreed to mutual non solicitation of employees. <BR> Separately the Parent Company had also received an intimation of a proposed realignment of shares within the Promoter Promoter Group as contemplated under the Memorandum Recording Family Settlement dated 20 January 2025 that would result in the realignment of shares held in the Parent Company and a realignment of the beneficial interest in the Trilochan Singh Sahney Trust 1 which holds shares in the Parent Company. Such change is not expected to have any impact on the statement of the Parent Company for the current period or the subsequent period in which such transactions would be executed. <BR> The Parent Company had made a payment to NIBL of Rs 5512 lakhs on 14 February 2025 upon completion of conditions precedent as specified in the Agreement which was classified as an exceptional item for the quarter and year ended 31 March 2025. <BR> 8 Effective 21 November 2025 the Government of India has consolidated multiple existing labour legislations into unified framework comprising of four Labour Codes the Code on Wages 2019 the Industrial Relations Code 2020 the Code on Social Security 2020 and the Occupational Safety Health and Working Conditions Code 2020. As per the evaluation done by the Parent Company on the basis of the information and guidance available as on date the Parent Company had recorded the statutory impact due to the change in definition of wages as per the new labour code of Rs 1018 lakhs on account of gratuity and Rs 306 lakhs on account of the long term compensated absences under exceptional items for the quarter ended 31 December 2025 and the year ended 31 March 2026. <BR> 9 The Board of Directors of the Parent Company in their meetings held on 24 October 2025 and 09 February 2026 had declared interim dividends of Rs 2.5 125 percent and Rs 3.2 160 percent per equity share of face value of Rs 2 each respectively. These interim dividends were paid on 07 November 2025 and 18 February 2026 respectively. <BR> 10 The Board of Directors of the Parent Company have declared an interim dividend of Rs XX per share XX percent on the face value of Rs 2 each at the meeting held on 07 May 2026. In view of the interim dividend declaration there will be no recommendation for a final dividend for FY 2025 26. <BR> 11 The Board of Directors of Parent Company at its meeting held on 24 October 2025 approved the incorporation of a wholly owned subsidiary Mahant Tool Room Private Limited MTRPL with the objective of strengthening the Companys brand image and positioning it as a supplier of fuel engine products within the aerospace segment. <BR> MTRPL was incorporated on 30 December 2025. Subsequently on 27 January 2026 MTRPL entered into a Business Transfer Agreement Agreement with the proprietors of Ms Mahant Tool Room to acquire their proprietorship concern based in Bangalore. The concern is engaged in the manufacturing of precision machinery components for engine and fuel systems in the aerospace industry. <BR> The acquisition is being undertaken for a cash consideration of Rs 2750 lakhs subject to the fulfillment of certain conditions precedent as specified in the Agreement. The long stop date for completion initially set at 23 April 2026 was mutually extended to 27 July 2026 by both parties on 23 April 2026. <BR> 12 The Board of Directors of the Parent Company in its meeting held on 24 October 2025 have approved the proposal for entering into a Joint Venture JV Agreement with Unitec Srl a part of the Mondial Group Italy to manufacture a new range of Cylindrical Roller Bearings CRBs for the industrial business segment at the Parent Companys plant situated at Hyderabad on the terms and conditions mutually agreed upon in the JV Agreement. The JV Agreement is executed on 30 November 2025 however the JV company is not formed as at 31 March 2026. <BR> 13 Operating segments are reported in a manner consistent with the integral reporting provided to the Chief Operating Decision Maker CODM. The CODM regularly monitors and reviews the operating result of the whole Group as one segment Bearing. Thus as defined under Ind AS 108 Operating Segments the Groups entire business falls under one operational segment. <BR> 14 The figures for the quarters ended 31 March 2026 and 31 March 2025 are the balancing figures between audited figures in respect of full financial year and the year to date figures upto end of the third quarter of the respective financial years which were subject to a limited review by the statutory auditors. <BR> For and on behalf of the Board of Directors <BR> Place Mumbai <BR> Date 07 May 2026 <BR> Ms Harshbeena Zaveri <BR> Vice Chairman and Managing Director <BR> <BR> 2025-04-012026-03-31AuditedConsolidated133515000003437000001369520000052290000000174000002067800000861000005698000003712800000116829000002012300000-703000001942000000516100000-304000004857000000145630000000001456300000-1360000014427000001427500000288000001413800000289000001938000002963660000015.6114.730015.6114.73Consumption of stores and spare parts223700000Processing charges49700000Power and fuel134400000Insurance12200000Forwarding charges63700000Legal and professional fees70000000Travelling and conveyance29200000Information technology expenses15400000Contract labour147100000Miscellaneous expenses173200000Consumption of stores and spare parts850300000Processing charges171800000Power and fuel507700000Insurance44600000Forwarding charges407900000Legal and professional fees243200000Travelling and conveyance124300000Information technology expenses53000000Contract labour567800000Miscellaneous expenses7422000004185500000425900000048000002420000023000000031350000000787000003922000004869000005521800000433720000042230000024424000002424000009200000013000003700000320410000033000004898000008034400000001355620000019380000094325000009626300000204100000983040000000002230000022300000014650000016880000015104000002645000009962000001260700000287600000305870000013740000026860000092300000355700000000372580000013556200000Security deposits26400000Others41200000Margin money deposits with the maturity of more than 12 months11100000Income tax assets (net)438700000Capital advances13200000Prepaid expenses5800000Balance with government authorities29200000Other1800000Interest receivable - Others800000Security deposits (Rent)1100000Advance to others143600000Other advances12500000Export incentive and duty drawback receivable5400000Balance with government authorities200100000Prepaid expenses127900000Gratuity planned assets300000Lease liabilities17300000Security deposits5000000Lease liabilities11100000Derivative liability18100000Deposits from dealers23300000Unpaid dividends (unclaimed)8300000Creditors for capital goods10500000Employee related liability211800000Other financial liability1900000Other payables2600000Statutory dues63200000Other payables2600000Prepaid rent2200000Revenue received in advance63300000Contract liabilities1200000Other advances49000008610000035300000-2418000000236100000-250000020300000-9000000255100000013900000056980000001131000000-277000000-9500000-1700000-600000008000000-379000000-473000000970600000291260000017000000600000051160000002408700000000000001900000104850000000000000000000000170000060000000-157200000-11961000000000000003295000003900000975300000861000000-1600000-1396400000-183800000-109400000-29320000053560000024240000083000001480000038800000-1200000-47100000-13600000