Members of the Exchange are hereby informed that the trading in equity shares of Rushabh Precision Bearings Limited shall remain to be suspended w.e.f. April 17, 2025, on account of Reduction of Share Capital pursuant to NCLT order.
Awaiting price reaction for this filing.
NSE has informed members that trading in the equity shares of Rushabh Precision Bearings Limited will remain suspended with effect from April 17, 2025. The reason for the suspension is a reduction in the company's share capital, which has been ordered by the National Company Law Tribunal (NCLT). This is a corporate action under court supervision where the company is reducing its share capital, and trading must be halted while the process is carried out. The duration of the suspension will depend on how long the capital reduction process takes to complete and formalities to be fulfilled post the NCLT order.
Shareholders will not be able to buy or sell shares of the company during the suspension period. Once trading resumes, the share price and quantity held by investors may change depending on the terms of the capital reduction (e.g., reduced face value or fewer shares). This is generally considered a neutral to negative event in the short term due to illiquidity, though the long-term effect depends on the rationale behind the capital reduction.