Outcome of Board Meeting

NRB Bearings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 16, 2012, has decided, subject to approval of Honble High Court of Judicature at Bombay, to amend the Appointed Date to October 01, 2012, instead of April 01, 2012 for demerger of Industrial Bearings Undertaking of NRB Bearings Limited into NRB Industrial Bearings Limited in terms of Scheme of Arrangement between NRB Bearings Limited and NRB Industrial Bearings Limited and their respective Shareholders and Creditors.

Source : BSE - >www.bseindia.com

Published on March 19, 2012
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