In continuation to our stock exchange intimation dated 03.04.2025, the Record Date has been updated for the purpose of Capital Restructuring of the Company from Monday, 14.04.2025 to Thursday, ....
Awaiting price reaction for this filing.
Rushabh Precision Bearings has revised the record date for its capital restructuring from Monday, 14 April 2025 to Thursday, 17 April 2025. The restructuring is being carried out under the Resolution Plan approved by NCLT Mumbai on 20 October 2023, with Real Mazon India Limited as the successful resolution applicant. Under the plan, all 56,48,300 existing promoter shares will be cancelled, public shareholders' 33,51,800 shares will be replaced by just 4,50,000 shares (5% on proportionate basis), and Real Mazon India Limited will be allotted 85,50,000 new shares (95%) for an infusion of Rs. 8.55 crore. Post-restructuring equity capital will remain at Rs. 9 crore divided into 90 lakh shares of Rs. 10 each.
Existing public shareholders will see their holdings drastically reduced — they will retain only about 13.4% of their previous share count as the company emerges from insolvency under new promoters. The revised record date simply gives investors three additional days to ensure their holdings are properly registered for this corporate action, which fundamentally changes the ownership structure of the company.