Rushabh Precision Bearings Limited has informed the Exchange regarding 'Financial results for the period ended March 31, 2025'.
Awaiting price reaction for this filing.
Rushabh Precision Bearings announced its FY25 (year ended March 31, 2025) audited results at a board meeting on May 30, 2025. The company reported essentially zero revenue from operations, with total income of just Rs 0.98 lakhs in FY25 versus Rs 13 lakhs in FY24, a sharp decline of over 90%. It continues to report a loss for the year, though smaller than the prior year. The board ratified the allotment of 90 lakh equity shares of Rs 10 face value to the Resolution Applicant and existing identified shareholders under an NCLT-approved Resolution Plan, indicating the company has gone through the insolvency process. Other Equity remains deeply negative at around Rs 1,038 lakhs, and operating cash flow is negative at Rs -31.91 lakhs. Statutory auditor Talati & Talati LLP issued an unqualified opinion, and a new Secretarial Auditor (Mr. Parshwa Shah) was appointed for five years.
Existing shareholders face massive dilution from the 90 lakh new shares issued under the NCLT resolution plan, with effective change of control to the Resolution Applicant. The stock is effectively in turnaround/restructuring mode with negligible operations, deeply negative net worth, and continued losses, making it a high-risk, speculative situation rather than a stable investment.