Appointment of M/s. Parshwa Shah & Associates as Secretarial Auditor of the Company
Awaiting price reaction for this filing.
Rushabh Precision Bearings Ltd announced the appointment of two auditors following shareholder approval at its 36th Annual General Meeting held on September 30, 2025. M/s. Rajesh Laxmi & Associates, Chartered Accountants (Delhi), has been appointed as Statutory Auditor for a one-year term covering FY 2025-26, until the conclusion of the 37th AGM in 2026-27. M/s. Parshwa Shah and Associates, Practicing Company Secretaries (Ahmedabad), has been appointed as Secretarial Auditor for a five-year term from April 1, 2025 to March 31, 2030. The Secretarial Auditor, led by Mr. Parshwa Shah (a Fellow Member of ICSI with ~9 years of experience), brings expertise in corporate law, IBC, NCLT proceedings, and secretarial audits for listed companies. Both appointments were made on the recommendation of the Audit Committee and Board of Directors.
This is a routine governance compliance update with no material impact on shareholders or stock price. The appointments ensure continuity of statutory and secretarial audit functions for the company, with the longer five-year tenure for the Secretarial Auditor providing stability in governance oversight.