NRB Industrial Bearings Limited announced resignation of Mr. Nikhilesh Panchal as Independent Director of the Company with effect from March 31, 2023. Reason for change in directors: Resignation by Mr. Nikhilesh Panchal because of his increased roles and responsibilities resulting in inability to provide adequate attention and time to matters of the Company. Mr. Panchal has confirmed that there are no material reasons for his resignation other than those mentioned above.