Rushabh Precision Bearings Limited (RUSHABEAR)
Snapshot
Events
- Board meeting filing
- 3 Sep 2026
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📈 Share price & events
📢 Recent Corporate Announcements
Rushabh Precision Bearings Limited has submitted its Structured Digital Database (SDD) compliance certificate for the quarter ended September 30, 2026. The auditor noted that the company was non-compliant prior to July 13, 2026, as SDD software was not in place when Q1 financial results were handled. Remedial action was completed with software implementation effective July 14, 2026, and no unpublished price-sensitive information was shared during the compliant window up to September 30, 2026.
- SDD software implemented with effect from July 14, 2026
- Non-compliance noted for the period up to July 13, 2026, regarding pre-approval sharing of Q1 financial results
- No Unpublished Price Sensitive Information (UPSI) was disseminated between July 14, 2026, and September 30, 2026
- Database is configured to maintain audit trails and records for 8 years
Rushabh Precision Bearings held its 37th AGM on September 30, 2026, where all 3 ordinary resolutions were approved with 100% of the 86,15,153 votes cast in favour. Voting was conducted solely via physical ballot as e-voting could not be enabled due to procedural delays in obtaining a new ISIN post-resolution plan implementation. The scrutinizer noted that share capital reductions are yet to be updated with NSDL and CDSL, awaiting stock exchange in-principle approval.
- All 3 resolutions passed with 100% approval representing 86,15,153 votes cast
- Only 10 shareholders attended the meeting (1 promoter, 9 public) out of 141 total shareholders
- E-voting was unavailable due to a procedural deadlock between depositories and exchanges over new ISIN issuance
- Capital reduction under the approved resolution plan has not yet been reflected with NSDL/CDSL
Rushabh Precision Bearings Limited has scheduled its 37th Annual General Meeting (AGM) for Wednesday, September 30, 2026, at 12:30 PM IST. The company announced that its Register of Members and Share Transfer Books will remain closed from September 24, 2026, to September 30, 2026 (both days inclusive) for AGM record purposes. This is a standard annual statutory intimation pursuant to SEBI Listing Regulations.
- 37th Annual General Meeting scheduled for Wednesday, September 30, 2026, at 12:30 PM IST
- Share transfer books and register of members closed from September 24, 2026, to September 30, 2026
- Book closure applies to equity shares with paid-up value of Rs. 10/- each
Rushabh Precision Bearings Limited has issued the notice for its 37th Annual General Meeting (AGM) to be held physically on September 30, 2026. Key agenda items include the adoption of FY2025-26 audited financial statements, the re-appointment of director Biswajeet Mukherjee, and the appointment of M/s Rajesh Laxmi & Associates as statutory auditors for a 5-year term. The cut-off date for voting eligibility is fixed as September 25, 2026, with share transfer books closed from September 24 to September 30, 2026.
- 37th AGM scheduled for September 30, 2026, at 12:30 PM IST
- Cut-off date for voting eligibility set as September 25, 2026
- Book closure period scheduled from September 24, 2026 to September 30, 2026
- Proposal to appoint statutory auditor M/s Rajesh Laxmi & Associates for a 5-year tenure up to FY2030-31
Rushabh Precision Bearings Limited has approved the re-appointment of M/s. Rajesh Laxmi & Associates, Chartered Accountants, as the company's Statutory Auditor. The appointment is for a term of 5 consecutive years, spanning from the conclusion of the 37th AGM until the 42nd AGM (covering FY 2026-27 to FY 2030-31). The reappointment was recommended by the Audit Committee and approved by the Board on September 3, 2026, subject to shareholder approval at the upcoming AGM.
- Re-appointment of M/s Rajesh Laxmi & Associates as Statutory Auditor for a 5-year tenure
- Auditor tenure spans from the conclusion of the 37th AGM to the 42nd AGM (FY 2026-27 to FY 2030-31)
- Board approved the recommendation on September 03, 2026, subject to member approval at the AGM
- Auditor Firm Registration Number (FRN): 012203N, Membership No: 090427
Rushabh Precision Bearings held its Board of Directors meeting on September 3, 2026. The Board approved the draft Directors' Report for the financial year ended March 31, 2026, and authorized the notice and arrangements for the 37th Annual General Meeting (AGM). Additionally, the Board approved the appointment of M/s. Rajesh Laxmi & Associates as the Statutory Auditor for a 5-year tenure spanning FY 2026-27 through FY 2030-31, subject to shareholder approval.
- Approved convening and notice issuance for the 37th Annual General Meeting
- Appointed M/s. Rajesh Laxmi & Associates as Statutory Auditor for a 5-year term (FY 2026-27 to FY 2030-31)
- Approved draft Director’s Report for the financial year ended March 31, 2026
- Board meeting held on September 3, 2026, from 03:30 P.M. to 04:30 P.M.
Rushabh Precision Bearings reported zero revenue from operations for the quarter ended June 30, 2026, maintaining its non-operational status from the previous year. The company posted a net loss of ₹18.69 Lakhs, which has widened significantly from a loss of ₹9.28 Lakhs in the same quarter last year. Total expenses doubled to ₹18.69 Lakhs, primarily due to a spike in 'Other Expenses' to ₹18.09 Lakhs. With a small equity base of ₹90 Lakhs and no income, the company continues to erode its capital.
- Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
- Net loss widened to ₹18.69 Lakhs versus a loss of ₹9.28 Lakhs in the year-ago period
- Other expenses increased by 108% year-on-year to ₹18.09 Lakhs
- Basic and Diluted EPS worsened to -₹0.21 from -₹0.10 in June 2025
- Paid-up equity share capital stands at ₹90.00 Lakhs
Rushabh Precision Bearings Limited has responded to a clarification request from the Exchange regarding its March 31, 2026, financial results. The company admitted to an inadvertent omission of the MD and CFO declaration required under Regulation 33(3)(d) of SEBI LODR during the initial filing on May 19, 2026. Importantly, the company confirmed that the Statutory Auditors issued an unmodified and unqualified opinion on the standalone audited results for FY26. This is a procedural rectification and does not impact the reported financial performance.
- Clarification pertains to the financial results for the quarter and year ended 31st March, 2026
- Original results were submitted to the Exchange on 19th May, 2026
- Statutory Auditors issued an unmodified and unqualified opinion on the FY26 standalone results
- The omission involved a declaration required under Regulation 33(3)(d) of SEBI LODR
- Company has strengthened internal review mechanisms to prevent future compliance oversights
Rushabh Precision Bearings Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations for the upcoming unaudited financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the financial results are officially declared to the exchanges. The specific date for the board meeting to approve these results will be communicated in due course.
- Trading window closure effective from Wednesday, July 01, 2026
- Closure pertains to the financial results for the quarter ending June 30, 2026
- Window to reopen 48 hours after the announcement of unaudited financial results
- Compliance follows SEBI (Prohibition of Insider Trading) Regulations, 2015
The Promoters and Promoter Group of Rushabh Precision Bearings Limited have submitted their annual disclosure under SEBI (SAST) Regulations for the financial year ending March 31, 2026. As of the year-end, the promoter group holds 85,50,000 shares in the company. Crucially, the promoters have declared that no shares were encumbered or pledged, directly or indirectly, during the entire financial year. This filing confirms the absence of debt-related risks associated with promoter shareholding.
- Promoter and Promoter Group hold a total of 85,50,000 shares as of March 31, 2026.
- Official declaration confirms zero encumbrance or pledging of shares during the 2025-26 financial year.
- Compliance fulfilled under Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
- The disclosure was submitted on behalf of the group by Real Industries Limited (formerly Real Mazon India Limited).
Rushabh Precision Bearings Limited reported zero revenue from operations for the entire financial year ended March 31, 2026, maintaining the same status as the previous year. The company incurred a net loss of ₹22.64 lakhs for FY26, which is a marginal improvement compared to the ₹30.03 lakhs loss in FY25. Total expenses for the year were ₹22.64 lakhs, as the company continues to face operational challenges without a top-line. An emphasis of matter was noted regarding the revaluation of leasehold land and factory buildings based on an independent valuer's report.
- Reported zero income from operations for the full financial year FY26 and the final quarter.
- Annual net loss narrowed to ₹22.64 lakhs in FY26 from ₹30.03 lakhs in FY25.
- Q4 FY26 net loss stood at ₹4.99 lakhs compared to a loss of ₹11.82 lakhs in Q4 FY25.
- Auditors highlighted a revaluation of leasehold industrial land and factory buildings under Ind AS 116 and Ind AS 16.
- Earnings Per Share (EPS) for FY26 remained negative at -₹0.25.
Rushabh Precision Bearings has notified the exchanges that it is exempt from submitting the Annual Secretarial Compliance Report for FY 2025-26. This exemption is granted under Regulation 15(2) of SEBI (LODR) as the company's paid-up capital of Rs 9 crore is below the Rs 10 crore threshold. Notably, the company reported a negative net worth of Rs 1.38 crore as of March 31, 2025. Consequently, the company is not required to comply with various corporate governance provisions for the upcoming financial year.
- Paid-up Equity Share Capital stands at Rs 9.00 crore as of March 31, 2025.
- Company reported a negative Net Worth of Rs 1.38 crore.
- Exempted from Regulation 24A and corporate governance norms (Reg 17-27) for FY 2025-26.
- Exemption applies as Capital is < Rs 10 crore and Net Worth is < Rs 25 crore.
Rushabh Precision Bearings Limited has announced the closure of its trading window starting April 1, 2026, in compliance with SEBI Insider Trading regulations. This closure is a standard procedure ahead of the declaration of audited financial results for the quarter and year ending March 31, 2026. The window will remain closed for all designated persons and their immediate relatives until 48 hours after the results are officially announced. The specific date for the board meeting to approve these results will be shared in a separate notification.
- Trading window closure effective from Wednesday, April 01, 2026.
- Closure is in anticipation of Audited Financial Results for the quarter and year ending March 31, 2026.
- Window to remain closed until 48 hours post-declaration of the financial results.
- Compliance is maintained under SEBI (Prohibition of Insider Trading) Regulations, 2015.
Rushabh Precision Bearings Limited has received shareholder approval at its EGM on March 2, 2026, to regularize the appointment of two Non-Executive Independent Directors. Ms. Namrata Sharma and Mr. Robert Jonathan Moses have been appointed for a five-year term effective from December 3, 2025. Ms. Sharma brings over 14 years of legal and corporate governance expertise, while Mr. Moses offers 30 years of leadership and regulatory liaison experience. These appointments are intended to strengthen the board's oversight and regulatory compliance.
- Shareholders approved the regularization of Ms. Namrata Sharma and Mr. Robert Jonathan Moses at the EGM held on March 2, 2026.
- Both directors are appointed for a fixed term of 5 consecutive years, effective retrospectively from December 3, 2025.
- Ms. Namrata Sharma has 14+ years of experience in Corporate Laws and SEBI compliances.
- Mr. Robert Jonathan Moses brings over 30 years of leadership and government liaisoning experience.
Rushabh Precision Bearings successfully passed two special resolutions at its EGM on March 02, 2026, to regularize the appointments of two Independent Directors. Both resolutions received 100% approval with 85,87,724 votes in favor. The company is currently navigating a procedural deadlock with depositories and stock exchanges regarding the issuance of a new ISIN following its post-CIRP capital restructuring. This restructuring involved the cancellation of old shares and issuance of new ones as per the NCLT-approved resolution plan by Real Mazon Private Limited.
- Shareholders unanimously approved the regularization of Ms. Namrata Sharma and Mr. Robert Jonathan Moses as Independent Directors with 100% favor.
- Company is implementing a Resolution Plan approved by NCLT Mumbai Bench on October 20, 2023, following insolvency proceedings.
- Existing equity shares have been cancelled and extinguished, with new shares issued to recognized shareholders as of April 14, 2025.
- A temporary procedural impasse with NSDL/CDSL and exchanges is delaying the issuance of a new ISIN and the relisting process.
- Voting was conducted via physical postal ballot as e-voting was unavailable due to the pending depository record updates.
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