Rushabh Precision Bearings Limited has informed the Exchange that due to clerical error we are submitting the outcome. Please note that there are no changes in the financial results submitted by the Company.
Awaiting price reaction for this filing.
The board approved standalone audited financial results for Q4 and FY ended March 31, 2025, showing zero revenue from operations and a net loss of Rs. 30.03 lakhs, a sharp improvement from the Rs. 1,008.31 lakh loss in FY24 (helped by a Rs. 972.64 lakh exceptional item). The board ratified the allotment of 90 lakh equity shares of Rs. 10 each to the Resolution Applicant and existing identified shareholders under an NCLT-approved Resolution Plan, indicating the company has emerged from insolvency proceedings. A new secretarial auditor, Mr. Parshwa Shah & Associates, was appointed for a 5-year term (FY26–FY30). The statutory auditor (Rajesh Laxmi & Associates) issued an unmodified and unqualified opinion. The filing also notes that an earlier submission had a clerical error but the financial results remain unchanged.
Shareholders should note the company has undergone a major NCLT-driven restructuring with fresh equity issued to the Resolution Applicant, which will dilute existing holdings. The company still has no operating revenue and remains loss-making, so near-term business recovery and the operational performance under new management will be the key things to watch.