Rushabh Precision Bearings Ltd

Financial results and audit notes

• Standalone unaudited results for quarter ended 30 June 2026 approved; Limited Review Report attached.
• Revenue from operations: nil; Net loss for the quarter: ₹18.69 lakh; Basic EPS: ₹-0.21.
• Company prepared in Ind AS with single operating segment; prior period figures regrouped where needed.
• Audit Committee reviewed results; Board approved; statutory auditors reviewed the results.

Board Appointments

• Ms. Namrata Sharma appointed Non-Executive Independent Director effective 03 Dec 2025 for five years.
• Ms. Namrata Sharma has 14+ years in corporate law, governance, SEBI compliance, and regulatory liaison.
• Mr. Robert Jonathan Moses appointed Non-Executive Independent Director effective 03 Dec 2025 for five years.
• Mr. Robert Jonathan Moses has 30+ years leadership experience in government liaison and social welfare.
• Both directors are unrelated to other directors and not debarred from directorship.
• Both appointments approved by members at EGM on 02 Mar 2026; directors not liable to retire by rotation.

Board Appointments

• Two special resolutions approved to appoint Ms. Namrata Sharma and Mr. Robert Jonathan Moses as Independent Directors.
• Both resolutions passed unanimously with 100% votes (8,587,724 votes each).

Capital Restructuring and Shareholding

• Company completed Corporate Insolvency Resolution Process with shareholding restructured per approved resolution plan.
• Existing equity shares cancelled; new equity shares issued to recognized shareholders as per resolution plan.
• Record date for capital reduction and allotment was 14th April 2025, acknowledged by stock exchanges.
• No share transfers or transmissions occurred post capital restructuring as confirmed by management.
• No changes to shareholding pattern or promoter control disclosed in this EGM.

Compliance and Procedural Updates

• Company applied for new ISIN reflecting revised capital structure; issuance delayed due to procedural requirements.
• Delay linked to in-principle approval needed for securities re-listing by stock exchanges and depositories.
• Several shareholders held shares physically without active demat accounts; company updating shareholding records.
• Voting conducted via physical ballot paper at EGM due to ISIN and demat issues; no e-voting or postal ballots received.
• Scrutinizer report confirmed voting process compliance and validity of votes cast.

Management and Governance

• No changes to remuneration or other management appointments beyond director regularizations.

Financial Performance 📊

• Revenue from operations for Q3 FY26: ₹7.36 lakhs, up from ₹0.60 lakhs in Q3 FY25.
• Total income for Q3 FY26: ₹7.36 lakhs versus ₹0.60 lakhs in Q3 FY25.
• Total expenses for Q3 FY26: ₹15.85 lakhs, increased from ₹7.96 lakhs in Q3 FY25.
• Net loss for Q3 FY26: ₹7.96 lakhs, improved from ₹29.05 lakhs loss in Q3 FY25.
• Basic and diluted EPS for Q3 FY26: ₹0.98, compared to ₹0.60 in Q3 FY25.

Audit & Reporting 🗓️

• Auditor issued unmodified limited review report for Q3 and nine months ended 31 Dec 2025.
• Board approved standalone unaudited Q3 FY26 financials on 09 Feb 2026.

Business Model & Segments

• Company operates in a single business segment per Ind AS 108.