Rushabh Precision Bearings Limited has informed the Exchange that Record date for the purpose of Reduction in Capital is 14-Apr-2025.
Awaiting price reaction for this filing.
Rushabh Precision Bearings Limited has fixed 14-Apr-2025 as the record date for the purpose of Reduction in Capital. A record date is the cut-off date set by the company to identify shareholders who will be eligible for the corporate action. Reduction in Capital is a corporate action where the company reduces its share capital, typically to return surplus cash to shareholders or to write off accumulated losses. Shareholders whose names appear in the company's records on or before this date will be entitled to participate in the capital reduction process.
Depending on how the reduction is structured, shareholders may receive a cash payout or see their share count adjusted. This is not a dividend, bonus, or buyback, and typically has a neutral to mildly positive short-term price effect unless the payout is significant.