NRB Bearings Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 12, 2011, has considered and approved the Scheme of Arrangement between NRB Bearings Ltd. ('NRB' or 'the Demerged Company') and NRB Industrial Bearings Private Ltd. ('NIBL' or 'the Resulting Company') and their respective shareholders and creditors ('the scheme') under section 391 to 394 read with Sections 100-103 and other applicable provisions of the Companies Act, 1956. The salient features of the scheme are as under: 1. The Appointed Date for the Scheme of Arrangement will be April 01, 2012. 2. The scheme envisages demerger of Industrial Bearings Undertaking of NRB Bearings Ltd. into NRB Industrial Bearings Private Ltd. 3. Upon demerger, NIBL shall issue and allot to the equity shareholders of NRB, fully paid-up equity shares in the following ratio. 'In respect of every 4 (Four) Equity Share of Rs. 2 each, held by the shareholders in NRB, 1 (one) Equity Share of NIBL of Rs. 2 each fully paid up.' 4. Pursuant to Scheme, NIBL shall be listed on Bombay Stock Exchange Limited and National Stock Exchange of India Ltd., 5. The Scheme is subject to requisite consent, approval of the requisite majority of the shareholders, lenders and creditors of the Companies, the Hon'ble High Court of Judicature at Bombay, the permission or approval of any other statutory or regulatory authorities, which by law may be necessary for the implementation of the Scheme. NRB Bearings Ltd has informed BSE that in accordance with the directions of the Hon'ble High Court of Judicature at Bombay in Company Summons for Directions No. 772 of 2011, the meeting of the equity shareholders was convened and held at M C Ghia Hall, 4th floor, Bhogilal Hargovindas Building, 18/20, K Dubash Marg, Kala Goda, Mumbai 400001 on February 03, 2012, at 3:00 p.m., the equity shareholders have approved the Scheme of Arrangement of NRB Bearings Limited ('NRB' or 'the Demergod Company') and NRB Industrial Bearings Limited ('NIBL' or 'the Resulting Company') and their respective shareholders and creditors ('the Scheme') unanimously. (As Per BSE Announcement Dated on 03.02.2012) 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 Hon'ble 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. (As Per BSE Announcement Website dated on 19.03.2012) NRB Bearings Ltd has informed BSE that pursuant to the approval of the Scheme by the Hon'ble High Court of Judicature at Bombay (High Court) on August 24, 2012, the Scheme of Arrangement of NRB Bearings Ltd and NRB Industrial Bearings Ltd and their respective shareholders and creditors has been made effective by filing the certified copy of the Order of High Court with Registrar of Companies, Maharashtra, Mumbai, on September 25, 2012. The Appointed Date and the Effective Date for the Scheme of Arrangement is October 01, 2012. (As per BSE Announcement Dated on 01.10.2012) SUB. :- Scheme of Arrangement of NRB Bearings Ltd. (Scrip Code 530367) Trading Members of the Exchange are hereby informed that, NRB Bearings Ltd. (NRB) has fixed the Record Date for the purpose of determining entitlement to the shareholders of the Company pursuant to the Scheme of Arrangement (Demerger) of the Company approved by Hon'ble High Court of Bombay. COMPANY NAME CODE NRB Bearings Ltd. (530367) RECORD DATE 25/10/2012 PURPOSE Scheme of Arrangement: - Upon the Scheme becoming effective, in consideration of the transfer and vesting of the Industrial Bearings Undertaking of NRB in NRB Industrial Bearings Ltd. (NIBL). NIBL shall issue and allot to all shareholders of NRB in the following ratio: 'In respect of every 4 (FOUR) equity shares of Rs.2/- each, held by the shareholders in NRB, 1 (ONE) equity share of NIBL of Rs.2/- each fully paid up'. EX-ENTITLEMENT FROM DATE & SETT. NO. 23/10/2012 DR-144/2012- 2013 Note: Pursuant to SEBI Circular No. SEBI/Cir/ISD/1/2010 dated September 2, 2010, Trading members are hereby informed that the trading in the equity shares of the aforesaid company shall be transferred from B' group to T' group w.e.f October 23, 2012 and pursuant to SEBI Circular No. CIR/MRD/DP/01/2012 dated January 20, 2012; the aforesaid scrip shall be a part of Call Auction in Pre-open Session on October 23, 2012. (As Per BSE Notice Dated on 15.10.2012)