Submission of Certificate for non-applicability of Corporate Governances for the quarter ended on June 30, 2025.
Awaiting price reaction for this filing.
Rushabh Precision Bearings has submitted a certificate to BSE and NSE stating that SEBI's corporate governance provisions (Regulations 17, 17A, 18–27, etc.) do not apply to the company for the quarter ended June 30, 2025. The exemption is claimed under Regulation 15(2) of SEBI (LODR) Regulations, 2015, because the company's paid-up share capital (~Rs. 9 crore) is below the Rs. 10 crore threshold and its net worth is below the Rs. 25 crore threshold. A practicing company secretary, Parshwa Shah, has certified this non-applicability. The company has also undertaken to comply with the provisions within 6 months if the exemption ceases to apply.
This is a routine small-cap compliance filing and has no direct effect on the stock price. However, shareholders should note that the company's net worth has been negative for three consecutive years (Rs. -29.64 crore in FY23, Rs. -1.08 crore in FY24, and Rs. -1.38 crore in FY25), meaning liabilities exceed assets — a significant financial weakness worth monitoring.