NRB Industrial Bearings : Disclosure under SEBI Takeover Regulations

Harshbeena Sahney Zaveri

Date: June 21, 2022

To,	To,
BSE Limited	National Stock Exchange of India Ltd
Corporate Relationship Department	Exchange Plaza, Plot no. C/1, G Block, Bandra-
1st Floor, P.J. Towers, Dalal Street	Kurla Complex Bandra (E) Mumbai - 400 051.
Mumbai 400 001	Scrip Code: NIBL
Scrip Code: 535458

Dear Sir/Madam,

Sub:-Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 as amended

I, the undersigned, being the acquirer, do and hereby submit this disclosure under regulation 10 (5) regarding intimation in respect of acquisition of 16,15,282 equity shares of face value of Rs.2.00/- each of NRB Industrial Bearings Limited pursuant to regulation 10

1. (a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulation, 2011 as amended.

You are requested to kindly take note of the above intimation.

Thanking You,

Yours faithfully,

________________________

Harshbeena Sahney Zaveri Encl:- As above

4, Shangri La, 27 A, Carmichael Road, Mumbai 400 026

Format for Disclosures under Regulation 10(5) - Intimation to Stock Exchanges in respect of acquisition under Regulation 10(1)(a) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

1.	Name of the Target Company (TC)	NRB Industrial Bearings Limited
2.	Name of the acquirer(s)	Ms. Harshbeena Sahney Zaveri
3.	Whether the acquirer(s) is/ are promoters of the TC	Yes.
	prior to the transaction. If not, nature of relationship
	or association with the TC or its promoters
4.	Details of the proposed acquisition
	a.	Name of the person(s) from whom shares are	i.	Bhupinder Singh Sahney
		to be acquired	ii.	Brijween Kaur Sahney
			iii.	Deepika Sahney
			iv.	Jasmine Sahney Pillai
	b.	Proposed date of acquisition	On or after June 28, 2022
	c.	Number of shares to be acquired from each
		person mentioned in 4(a) above		Name	No. of		% of
					Shares		Shareholdi
							ng
				Bhupinder	2,40,432		0.99%
				Singh
				Sahney
				Brijween	6,29,850		2.60%
				Kaur
				Sahney
				Deepika	3,73,425		1.54%
				Sahney
				Jasmine	3,71,575		1.53%
				Sahney
				Pillai
	d.	Total shares to be acquired as % of share	16,15,282 (6.67%)
		capital of TC
	e.	Price at which shares are proposed to be	Rs. 17.75 per share
		acquired
	f.	Rationale, if any, for the proposed transfer	-
5.		Relevant sub-clause of regulation 10(1)(a) under	Regulation 10 (1) (a) (ii) of SEBI
	which the acquirer is exempted from making open	(Substantial Acquisition of Shares and
	offer	Takeovers) Regulations, 2011
6.	If, frequently traded, volume weighted average	Weighted Average Market Price for a period
	market price for a period of 60 trading days	of 60 trading days preceding the date of
	preceding the date of issuance of this notice as	issuance of this notice
	traded on the stock exchange where the maximum	NSE : Rs. 23.61 per share
	volume of trading in the shares of the TC are
	recorded during such period.
7.	If in-frequently traded, the price as determined in	Not Applicable
	terms of clause (e) of sub-regulation (2) of
	regulation 8.

8. Declaration by the acquirer, that the acquisition I hereby declare that the acquisition price price would not be higher by more than 25% of the would not be higher by more than 25% price computed in point 6 or point 7 as applicable. of the price computed in point 6.

i. Declaration by the acquirer, that the transferor	I hereby declare that the transferors and I
9. and transferee have complied (during 3 years prior	have complied (during 3 years prior to the
to the date of proposed acquisition) / will comply	date of proposed acquisition) / will
with applicable disclosure requirements in Chapter	comply with applicable disclosure

1. of the Takeover Regulations, 2011 requirements in Chapter V of the (corresponding provisions of the repealed Takeover Regulations, 2011.
   Takeover Regulations, 1997)

1. The aforesaid disclosures made during The aforesaid disclosures made during previous 3 years prior to the date of proposed the previous 3 years prior to the date of

	acquisition to be furnished.	proposed	acquisition	are	enclosed
			herewith as Annexure A.
10. Declaration by the acquirer that all the conditions	I hereby	declare	that	all the	conditions
	specified under regulation 10(1)(a) with respect to	specified	under	regulation 10(1)(a) of
	exemptions has been duly complied with.	SEBI (Substantial	Acquisition	of Shares
			and Takeovers) Regulations, 2011 with
			respect to exemptions have been duly
			complied with.
11.	Shareholding details	Before the				After the
			proposed				proposed
			transaction				transaction
			No. of		% w.r.t		No. of		% w.r.t
			shares		total			shares		total
			/voting		share			/voting		share
			rights	capital of		rights		capital
					TC						of TC
	a	Acquirer(s) and PACs (other than sellers)(*)
		Aarti Devesh Sahney	1,99,114		0.82		1,99,114		0.82
		Deveshsingh Trilochansingh Sahney	11,65,83		4.81		11,65,83		4.81
			0					0
		Hanwantbirkaur Trilochansingh Sahney	12,43,00		5.13		12,43,00		5.13
			0					0
		Mallika Sahney	6,55,777		2.71		6,55,777		2.71
		Trilochan Singh Sahney	17,83,10		7.36		17,83,10		7.36
			1					1
		Trilochan Singh Sahney Trust 2	94,38,91		38.95		94,38,91		38.95
			0					0
		Ambita Sahney	3,73,175		1.54		3,73,175		1.54
		Anjana Sahney Thakker	3,73,200		1.54		3,73,200		1.54
		Harshbeena Sahney Zaveri	10,97,19		4.53		27,12,481		11.19
			9
		Sub Total	1,63,29,3		67.40		1,79,44,5		74.06
			06					88

	b	Seller (s)
		Bhupinder Singh Sahney	2,40,432	0.99	0	0.00
		Brijween Kaur Sahney	6,29,850	2.60	0	0.00
		Deepika Sahney	3,73,425	1.54	0	0.00
		Jasmine Sahney Pillai	3,71,575	1.53	0	0.00
		Sub Total	16,15,28	6.67	0	0.00
			2
		Total	1,79,44,5	74.06	1,79,44,5	74.06
			88		88

Note:

• (*) Shareholding of each entity may be shown separately and then collectively in a group.
• The above disclosure shall be signed by the acquirer mentioning date & place. In case, there is more than one acquirer, the report shall be signed either by all the persons or by a person duly authorized to do so on behalf of all the acquirers.

Harshbeena Sahney Zaveri

Acquirer

Place: USA

Date: June 21, 2022