Rushabh Precision Bearings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/05/2025 ,inter alia, to consider and approve Audited Standalone ....
Awaiting price reaction for this filing.
Rushabh Precision Bearings has called a Board meeting on 30 May 2025 to approve its audited standalone financial results for the quarter and full year ended 31 March 2025. The Board will also ratify the allotment of 90,00,000 equity shares of Rs. 10 face value each to the Resolution Applicant and existing identified shareholders, pursuant to a Resolution Plan approved by the NCLT Mumbai Bench. This indicates the company is in the process of completing its exit from the corporate insolvency resolution process (CIRP). The trading window for insiders has been closed since 1 April 2025 and will reopen 48 hours after the results are declared.
For shareholders, this is a significant event: the share allotment ratification points to a change in ownership and control under the NCLT-approved resolution plan, which will dilute existing shareholders and bring in a new Resolution Applicant as a major stakeholder. The FY25 results announcement on 30 May will also be the first full set of audited numbers post-resolution and will be closely watched.