Pursuant to Regulation 47 of the SEBI (Listing Obligation and Disclosure Requirement) Regulation, 2015 the newspaper advertisements published on April 6, 2025 (Corrigendum), regarding the ....
Awaiting price reaction for this filing.
Rushabh Precision Bearings has informed stock exchanges about newspaper advertisements published on April 6, 2025 regarding a revised Record Date for its Capital Reduction. The Record Date has been shifted from the earlier April 14, 2025 to April 17, 2025. This Capital Reduction is being carried out under a Resolution Plan approved by the NCLT Mumbai Bench on October 20, 2023, which was submitted by Real Mazon India Limited. The notices were published in Financial Express (English, All India edition) and Mumbai Lakshyadeep (Marathi, Mumbai edition) as required under SEBI's Listing Regulations.
The revised Record Date is procedural, but the underlying Capital Reduction under the NCLT-approved Resolution Plan means existing shareholders will likely see a reduction in their shareholding. Shareholders holding shares as of the new Record Date (April 17, 2025) will be eligible for the capital reduction process.