1. Approved the Audited Financial Statements as per IND - AS (Standalone) along with statement of Assets and Liabilities, Segment Report, Cash flow statement, Auditors Report (Standalone) ....
Awaiting price reaction for this filing.
Rushabh Precision Bearings' board approved its standalone audited financial results for the quarter and year ended 31 March 2025, showing zero revenue from operations and other income of just Rs. 0.98 lakh, resulting in a net loss of Rs. 30.03 lakh for FY25 (improved from a Rs. 1,008.31 lakh loss in FY24). The big jump was driven by an exceptional item of Rs. 972.64 lakh booked during the year. The board also ratified the allotment of 90,00,000 equity shares (face value Rs. 10) to the Resolution Applicant and existing identified shareholders under a resolution plan approved by NCLT Mumbai, confirming the company's emergence from the corporate insolvency resolution process. Mr. Parshwa Shah was appointed as Secretarial Auditor for a 5-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The statutory auditor (Talati & Talati LLP) issued an unmodified and unqualified opinion on the financial results.
For shareholders, the filing confirms the company is restructuring post-IBC with fresh equity issued under the NCLT-approved plan, but operations remain suspended with no revenue, so the stock remains a turnaround play rather than an income story in the near term.