Rushabh Precision Bearings Limited has submitted the Exchange a copy of Voting Result along with Srutinizers report of 36th 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, where all four ordinary resolutions were passed unanimously with 100% votes in favour (85,88,129 shares from 9 folios, zero votes against). The resolutions covered adoption of FY25 audited financial statements, re-appointment of Mr. Praveen Chandola as director (retiring by rotation), and appointment of statutory and secretarial auditors. The company underwent a Corporate Insolvency Resolution Process (CIRP) initiated on April 25, 2022, with a resolution plan by Real Mazon Private Limited approved by NCLT Mumbai in October 2023. Shareholding was restructured with a record date of April 14, 2025, and the company is awaiting a new ISIN to reflect the revised capital structure. E-voting facility was not provided due to delays in ISIN issuance and pending dematerialization of physical shares; voting was conducted through postal ballot at the meeting.
This is a routine compliance filing — all resolutions passed with full support, so no governance surprises. However, the unresolved ISIN and re-listing impasse is a material overhang: until the new ISIN is issued and securities are re-listed, shareholders face continued trading disruption and uncertainty over their restructured holdings, though the company appears to be working with depositories and exchanges to resolve the deadlock.