Voting Results along with Scrutinizer''s Report for the Extra-Ordinary General Meeting held on Monday, 02nd March, 2026
Awaiting price reaction for this filing.
Rushabh Precision Bearings held an EGM on 02 March 2026 where two special resolutions were passed with 100% approval (85,87,724 shares from 7 folios voted in favor, zero against). The resolutions regularized the appointment of Ms. Namrata Sharma and Mr. Robert Jonathan Moses as Non-Executive Independent Directors. The company has only 141 shareholders on record and voting was conducted via physical postal ballot, as e-voting could not be offered. The company is coming out of the Corporate Insolvency Resolution Process (CIRP), with a resolution plan from Real Mazon Private Limited already approved by NCLT Mumbai. Shareholding was restructured (old shares cancelled, new shares allotted), and a new ISIN is pending due to a procedural deadlock between the company, depositories (NSDL/CDSL), and the stock exchanges around re-listing approvals.
Both director appointments were approved unanimously, strengthening the board with two new independent directors post the CIRP-driven restructuring. However, the pending new ISIN and unresolved relisting process remain key overhangs — shareholders may face delays in trading and dematerialization until the ISIN impasse with the depositories and exchanges is resolved.