Proceeding of the Extra-Ordinary General Meeting held on Monday i.e. 02nd March, 2026 at 11:30 AM
Awaiting price reaction for this filing.
Rushabh Precision Bearings held a short Extra-Ordinary General Meeting on 02 March 2026 in Mumbai, lasting only 15 minutes (11:30 AM to 11:45 AM) with 7 members present in person. The meeting was called to seek shareholder approval for regularizing two additional directors — Ms. Namrata Sharma and Mr. Robert Jonathan Moses — as Non-Executive Independent Directors, under SEBI's Listing Regulations which require such approval within three months of appointment. Both items were put to vote as Special Resolutions through ballot paper, with results to be disclosed later under Regulation 44(3). The Chairman noted that the company had recently emerged from the Corporate Insolvency Resolution Process (CIRP) and was in the process of restructuring and regularizing its Board and Committees. All directors attended except Raj Kumar Sethi; CFO Praveen Chandola, Company Secretary Sanjana Manak Bohara, and scrutinizer Mr. Parshwa Shah were also present.
This EGM was largely procedural — focused on regularizing board appointments required by SEBI after the company's exit from insolvency. There is no immediate material impact on shareholders, though the meeting highlights the company's post-CIRP restructuring phase, which investors should monitor for governance and business recovery progress.