Rushabh Precision Bearings Limited has informed the Exchange regarding 'Non Applicability of Regulation 24A for the Financial Year 2025-26'.
Awaiting price reaction for this filing.
Rushabh Precision Bearings Limited has informed NSE/BSE that it is not required to submit an Annual Secretarial Compliance Report for FY 2025-26. The company qualifies for exemption under Regulation 15(2) of SEBI (LODR) Regulations, 2015, which exempts small companies from corporate governance requirements. As of March 31, 2025, the company's paid-up equity share capital is Rs. 9 crore (below the Rs. 10 crore threshold) and net worth is negative at Rs. -1.38 crore (below the Rs. 25 crore threshold). The filing, signed by Managing Director Biswajeet Mukherjee, is dated May 12, 2026.
This is a routine compliance notification and has no direct impact on shareholder value. However, the company's negative net worth indicates that total liabilities exceed total assets, which is a concern for investors.