Rushabh Precision Bearings Limited held an Extra-Ordinary General Meeting (EGM) on March 02, 2026, at 11:30 AM. The meeting, conducted physically and with the facility for voting via postal ballot, saw all resolutions passed unanimously. Shareholders approved the regularization of Ms. Namrata Sharma (DIN: 10204473) and Mr. Robert Jonathan Moses (DIN: 07134423) as Non-Executive Independent Directors. The company provided context regarding its Corporate Insolvency Resolution Process (CIRP), which began on April 25, 2022. A resolution plan by Real Mazon Private Limited was approved by the Committee of Creditors on February 25, 2023, and by the Hon’ble NCLT, Mumbai Bench, on October 20, 2023. This plan involved restructuring the shareholding by cancelling existing equity shares and issuing new ones. The record date for this capital reduction and allotment was April 14, 2025. Due to procedural complexities in obtaining a new ISIN and updating shareholder records with depositories (NSDL and CDSL), the company was unable to offer remote e-voting facilities. However, voting through postal ballot was available and utilized. The scrutinizer's report, dated March 02, 2026, confirmed that all resolutions were passed with the required majority, with 85,87,724 votes in favor for each resolution and no votes against.
