|₹34.7 / ₹9.05|
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The Company was incorporated on 24th February, 2011 under the Companies Act, 1956 in the name and style NRB Industrial Bearings Private Limited. Subsequently, the Company was converted into a Public Limited Company and a fresh Certificate of Incorporation dated 17th November, 2011 was obtained from the Registrar of Companies, Maharashtra, Mumbai. Accordingly, the name of the Company was changed to NRB Industrial Bearings Limited. Pursuant to the Scheme of Arrangement between NRB Bearings Limited and the Company , as approved by the Hon'ble High Court of Judicature at Bombay vide its order dated 24th August, 2012, the industrial bearings business of NRB Bearings Limited including the agency business was vested with the Company. The resulting company was incorporated with the primary objective of taking over of industrial bearings business' of the demerged company under the scheme on going concern basis'.