Rushabh Precision Bearings Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 30, 2025
Awaiting price reaction for this filing.
Rushabh Precision Bearings Limited held its 36th Annual General Meeting on September 30, 2025, from 11:35 AM to 12:10 PM in physical mode at Fort, Mumbai, with 7 members in attendance. The meeting covered four ordinary resolutions: adoption of audited financial statements for FY ended March 31, 2025, re-appointment of Director Praveen Chandola (who retires by rotation), appointment of the Statutory Auditor, and appointment of the Secretarial Auditor. The Chairman highlighted that the company had undergone significant restructuring under a Resolution Plan approved by NCLT Mumbai on October 20, 2023, leading to cancellation of existing share capital and fresh allotment of equity shares. A new ISIN application is pending due to a temporary deadlock with stock exchanges and depositories related to relisting. The Statutory Audit Report was clean, while the Secretarial Audit Report contained qualifications related to Board composition and shareholding pattern. Voting was conducted via ballot paper, with results to be disclosed separately.
For shareholders, this is a procedural update confirming the AGM was held as required. The filing also signals ongoing post-CIRP restructuring — including pending new ISIN, relisting requirements, and updated shareholding pattern — which could affect share liquidity and trading for existing shareholders. The qualified Secretarial Audit Report on Board composition and shareholding pattern is a minor governance red flag worth monitoring.