Rushabh Precision Bearings Limited appointed M/s. Rajesh Laxmi & Associates as its statutory auditor for a five-year term covering financial years 2026-27 through 2030-31. The company’s Board of Directors approved this appointment during a meeting held on September 3, 2026.

The board also fixed the date, time, and venue for the company’s 37th Annual General Meeting (AGM). Directors authorized officials to determine and intimate book closure dates for the AGM and identified directors retiring by rotation.

Key Board Approvals

The meeting, which commenced at 3:30 pm and concluded at 4:30 pm, covered several procedural matters pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board considered and approved the draft Director’s Report along with annexures for the financial year ended March 31, 2026.

Additionally, the board took note of the Secretarial Audit Report to be received from the company’s Secretarial Auditor. The meeting concluded with any other business incidental to the agenda.

Rushabh Precision Bearings Limited reported a net loss of ₹18.69 lakh for the quarter ended June 30, 2026, marking a significant deterioration from the ₹9.28 lakh loss recorded in the corresponding period of the previous year. The Mumbai-based manufacturer registered zero revenue from operations in Q1FY26, a stark contrast to the operational activity seen in prior periods, leading to a deepened financial deficit that impacts shareholder equity. This decline highlights ongoing challenges in generating top-line growth, with the company’s total comprehensive income also reflecting the same negative trajectory as its net profit position.

The Board of Directors, including Chairman and Managing Director Biswajeet Mukherjee, approved the unaudited standalone financial results at a meeting held on August 10, 2026. The results were subsequently reviewed by the Audit Committee and subjected to limited review by the company’s Statutory Auditors, in compliance with Regulations 33 and 52 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Financial Performance Overview

The company’s financial metrics for the quarter reveal a complete absence of operational income, which directly contributed to the expanded net loss. While the previous quarter ended March 31, 2026, also showed a loss of ₹4.99 lakh, the current quarter’s performance indicates a worsening trend rather than stabilization. The earnings per share (EPS) declined to (₹0.21) on both a basic and diluted basis, down from (₹0.10) in the same quarter last year.

What the Numbers Show

The most critical observation from the filing is the total absence of revenue from operations in Q1FY26, despite the company maintaining its equity share capital at ₹90.00 lakh. With no income generated from core business activities, the entire net loss of ₹18.69 lakh stems from expenses incurred without offsetting sales or service revenue. This suggests a potential pause in manufacturing or sales activities, or a significant delay in order realization, which has not been explicitly detailed in the notes but is evident in the zero-income line item. The widening loss from ₹9.28 lakh in Q1FY25 to ₹18.69 lakh in Q1FY26 indicates that cost structures remain rigid even in the absence of revenue generation.