Intimation for the Non Applicability of Annual Secretarial Compliance Report for the year ended 31st March, 2025.
Awaiting price reaction for this filing.
Rushabh Precision Bearings has informed BSE and NSE that it is exempt from filing the Annual Secretarial Compliance Report for the year ended 31 March 2025. The exemption is available under Regulation 15(2) of SEBI's Listing Obligations and Disclosure Requirements (LODR) rules, which apply to companies with paid-up equity capital not exceeding Rs. 10 crore and net worth not exceeding Rs. 25 crore. As on 31 March 2024, the company reported paid-up share capital of Rs. 9 crore and a negative net worth of Rs. -1.08 crore, placing it well within the exemption thresholds. Consequently, corporate governance provisions under Regulations 17 to 27 of LODR also do not apply to the company for this period.
This is a routine procedural filing with no direct impact on the stock price or business operations. However, the disclosed negative net worth of Rs. 1.08 crore signals that the company's liabilities exceed its assets, which is a financial weakness retail investors should note.