Rushabh Precision Bearings Limited successfully concluded its Extra-Ordinary General Meeting on March 02, 2026, with shareholders demonstrating strong confidence in the company's leadership direction through unanimous voting results. The company has now submitted comprehensive regulatory disclosures to BSE Limited and National Stock Exchange of India Limited regarding the director appointments under Regulation 30 of SEBI LODR.

EGM Results and Voting Outcomes

The meeting addressed critical governance matters following the company's recent corporate restructuring, with both special resolutions receiving overwhelming shareholder support. CS Parshwa Shah served as the appointed scrutinizer for the voting process, ensuring compliance with regulatory requirements.

The resolutions specifically addressed the regularization of Additional Directors Ms. Namrata Sharma (DIN: 10204473) and Mr. Robert Jonathan Moses (DIN: 07134423) as Non-Executive Independent Directors of the company.

Director Appointment Details and Terms

Both directors have been appointed for a term of five consecutive years effective from December 03, 2025, not liable to retire by rotation. The appointments were made based on recommendations from the Nomination and Remuneration Committee and Board of Directors.

Director Profiles and Expertise

Ms. Namrata Sharma brings over 14 years of experience in Corporate Laws, SEBI compliances, and employment law. She is an Associate Member of the Institute of Company Secretaries of India (ICSI) and has completed the Intermediate level of the Institute of Cost Accountants of India. Her professional background includes key positions such as Legal Manager and experience with Delhi Stock Exchange and Registrar of Companies. Her expertise spans corporate governance, securities laws, financial management, taxation, and regulatory liaison with authorities including ROC, RD, MCA, RBI, and judicial bodies.

Mr. Robert Jonathan Moses is a seasoned professional with over 30 years of leadership experience and a Diploma in Business Management. He has played a key role in India's first deep-sea fishing project and has extensive experience in liaising with various government and regulatory authorities, including work related to amendments in the Motor Vehicles Act and associated rules. He also serves as the Managing Trustee of a 214-year-old American Trust engaged in education, healthcare, and social welfare initiatives across western Maharashtra.

Regulatory Compliance and Disclosure

The company has submitted detailed disclosures to both BSE Limited (Scrip Code: 531371) and National Stock Exchange of India Limited (Symbol: RUSHABEAR) under Regulation 30 of SEBI LODR. The disclosures confirm that both directors are not related to any existing directors of the company and are not debarred from holding director positions by virtue of any SEBI order or other regulatory authority.

The appointments come following the company's emergence from Corporate Insolvency Resolution Process, with the Resolution Plan approved by the Committee of Creditors on February 25, 2023, and subsequent approval by Hon'ble NCLT, Mumbai Bench on October 20, 2023. The company has restructured its shareholding pattern and is currently undergoing ISIN restructuring requirements with applications submitted to depositories.

Rushabh Precision Bearings Limited has released its unaudited standalone financial results for the third quarter of fiscal year 2026, ended December 31, 2025. The Board of Directors approved these results during their meeting held on February 9, 2026, at the company's registered office in Mumbai. The results were reviewed by the Audit Committee and audited by the company's statutory auditors, who expressed an unmodified opinion.

Financial Performance Overview

The company's financial performance for the quarter reflects operational challenges, with no revenue generation from core business activities. The financial metrics demonstrate the company's current operational status across different time periods.

Expense Analysis

The company's expense structure for the quarter shows specific cost components that contributed to the overall financial position. Employee benefit expenses and other operational costs formed the primary expense categories during the reporting period.

Comparative Performance

The quarter-on-quarter comparison reveals a reduction in losses compared to the corresponding period in the previous fiscal year. The company's nine-month performance shows a marginal improvement in loss figures compared to the same period last year. No tax expenses were recorded during the quarter, and the company reported no other comprehensive income.

Corporate Governance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. The company operates within a single business segment, and the results have been subjected to limited review by statutory auditors. The Board meeting was conducted at the company's registered office in Malad, Mumbai, with Managing Director Biswajeet Mukherjee signing off on the results.