Consider and approved the standalone finacial statement togetehr with cash flow statement with audit report for the quarter ended and financial year ended 31st march 2026.
Awaiting price reaction for this filing.
Rushabh Precision Bearings Ltd reported zero revenue from operations for FY 2025-26, with a net loss of Rs. 22.64 lakhs (improved from Rs. 30.03 lakhs loss in prior year). The company showed negative other equity of Rs. 579.89 lakhs. Significant revaluation of leasehold industrial land and factory building at GIDC estate was conducted, creating a revaluation surplus of Rs. 642.92 lakhs (net of Rs. 481.10 lakhs after deferred tax). Auditor's opinion is unmodified but includes an Emphasis of Matter regarding significant assumptions in the revaluation including remaining lease tenure, renewal rights, and market comparable transactions. Cash outflow from operations was Rs. 25.90 lakhs, financed through borrowing increases of Rs. 26.41 lakhs.
The company is generating no operating revenue while burning cash, raising serious concerns about business viability. The large revaluation surplus artificially boosted balance sheet equity but does not address fundamental operational concerns. Shareholders should seek clarification on the company's business strategy and revenue generation plans.