Your directors take pleasure in presenting the 36^th Directors Report together with Audited
Financial Statements and the Auditor's Report for the Financial Year March 31, 2025. The Board
extends a warm welcome to all our public shareholders and looks forward to your ongoing trust
and support.

As of the date of this Report, the Company is actively engaged in executing the terms of the
approved Resolution Plan and is fully committed to ensuring timely and effective compliance with
all stipulated obligations. This includes operational realignment, financial restructuring and
restoring stakeholder confidence.

The Board would like to express its sincere appreciation to all stakeholders, including the public
shareholders, lenders, regulatory authorities, employees, and business partners, for their support
and patience during the resolution process. The Company is optimistic about the path ahead and
is committed to rebuilding a financially sustainable and operationally sound organization.

We extend a warm welcome to our shareholders and assure you of our resolve to steer the
Company toward long-term stability, compliance, and growth. Your trust and continued support
are critical as we work through this phase of recovery and transformation.

Your Company has prepared the Financial Statements for the financial year ended March 31, 2025
under Section 133 of the Companies Act, 2013 read with the Companies (Accounts) Rules, 2014
and has recast the Financial Statements relating to the previous financial year ended March 31,
2025 in order to make them comparable.

There has been no change in the business of the Company during the financial year ended March
31, 2025.

The Company has transferred loss of Rs. 30.03 lakhs to the Reserves and Surplus account

In view of the accumulated losses and restructuring through capital restructuring and the
constitution of Board of Directors pursuant to approved Resolution Plan, the Company is still in
process of establishing the proper channels for re-commencement of operations of the Business.
Considering the same, the newly constituted Board of Directors does not recommend any
dividend during the year under review.

The Company is confident that the ongoing capacity will enable it to cater to the growing market
demand, enhance its market share, and create sustained value for its stakeholders.

However, Company has adopted the Dividend Distribution Policy of the Company pursuant to
Regulation 43A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,
as amended from time to time, (“Listing Regulations”), which is available on the Company's
website www.rushabhbearings.com.

During the year under review, there has been no change in the Nature of the Business carried on
by the company.

During the Financial Year and between the end of Financial Year 2024-25 and Date of Report the
following key changes have taken place:

• As part of the implementation of the approved Resolution Plan under the Corporate
Insolvency Resolution Process (CIRP), the Company ratified, cancelled, and extinguished
its entire existing share capital comprising 90,00,100 equity shares of ^10/- each, which
were held by the erstwhile shareholders. Subsequently, on July 3, 2024, the Company
approved the allotment of 90,00,000 fresh ordinary equity shares of ^10/- each, in the
ratio and manner prescribed under the Resolution Plan. Of this fresh issue, 95% is held
by the Resolution Applicant, Real Mazon India Limited, with the balance allotted to the
existing and identified public shareholders on a proportionate basis, in accordance with
the terms of the Plan. The corporate action related to the cancellation and re-issuance of
shares is currently underway. The Company has already initiated the process to obtain a
new ISIN from both NSDL and CDSL and has duly intimated the stock exchanges regarding
the same.

The Company remains actively engaged with all relevant stakeholders and authorities to
ensure timely completion of this process and full compliance with all statutory and
regulatory requirements.

During the period under review, no significant and material order has been passed by the
regulators, courts, tribunals impacting the going concern status and Company's operations in
future.

During the year under review, there was no change in the Registered office of the company and
the Company continues to hold its registered office at Vijay industrial gala No 214, 2nd floor,
Chincholi Bunder, Link Road, Malad, Mumbai, Malad West, Maharashtra, India, 400064.

The Company has not revised its financial statement or the Report in respect of any of the three
preceding financial years either voluntarily or pursuant to the order of a judicial authority.

During the Financial Year 2024-25, the Company did not record any revenue or other income. The
total expenditure incurred for the period ended 31^st March, 2025 amounted to ^30.03 lakhs.
Consequently, the Company reported a loss of ^30.03 lakhs for the year under review.

Despite the current challenges, the Board of Directors remains optimistic about the long-term
prospects of the Company. The Company in accordance with resolution plan, is still in process of
establishing the proper channels for re-commencement of operations of the Business

a. AUTHORISED SHARE CAPITAL

The Authorized Share Capital of the Company is Rs. 15,00,00,000/- (Rupees Fifteen Crore
only) divided into 1,50,00,000 Equity Shares (One Crore and Fifty Lakhs Only) of Rs. 10/- (Rupees
Ten only) each.

b. PAID UP CAPITAL

The existing Paid-Up Equity Capital of the Company stands reduced pursuant to approved
resolution plan and further by the approval of reconstituted Board of Directors in its meeting held
on 03^rd July, 2024 from 9,00,01,000 divided into 90,00,100 Equity Shares of Rs. 10 each fully paid
up to 9,00,00,000 divided into 90,00,000 Equity Shares of Rs. 10 each fully paid.

i. Disclosure regarding issue of Equity Shares with Differential Rights

The Company has not issued any Equity Shares with Differential Rights during the year under
review.

ii. Disclosure regarding issue of Employee Stock Options

The Company has not provided any Stock Option Scheme to the employees.

iii. Disclosure regarding issue of Sweat Equity Shares

The Company has not issued any Sweat Equity Shares during the year under review.

iv. Disclosure regarding Buy Back of Securities

The Company has not bought back any of its securities during the year under review.

v. Bonus Shares

No Bonus Shares were issued during the year under review.

During the period under review, no amount was transferred to IEPF under the provisions of
Section 125 of Companies Act, 2013.

The composition of the Board of Directors is currently not in full compliance with the
requirements prescribed under the Companies Act, 2013 and the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015, particularly in relation to the appointment of
Independent Directors, and the requisite balance between Executive and Non-Executive
Directors.

The Company acknowledges this non-compliance and wishes to inform the members that steps
are actively being taken to reconstitute the Board in accordance with the applicable regulatory
framework. The process for appointing the requisite number of Independent Directors and
ensuring appropriate Board composition is currently underway. The Company remains
committed to achieving full compliance at the earliest possible time.

During the year under review, the following appointments were made to strengthen the
leadership team:

• Mr. Biswajeet Mukherjee (DIN: 10432026) has been appointed as Managing Director

of the Company with effect from 07^th February, 2024 pursuant to approved resolution
plan.

• Mr. Praveen Chandola (DIN: 05123912) appointed as Chief Financial Officer and
Director of the Company with effect from 07^th February, 2024 pursuant to approved
resolution plan.

• Ms. Sanjana Manak Bohara was appointed as the Company Secretary and Compliance
officer of the Company with effect from 10^th March, 2025.

The composition of the Board of Directors and Key Managerial Personnel as at the end of the
financial year is as follows:

None of the aforesaid Directors are disqualified under Section 164(2) of the Companies Act,2013
(“the Act”).

Mr. Praveen Chandola (DIN: 05123912), Director, liable to retire by rotation, and being eligible,
have offered himself for re-appointment at the AGM. The Notice convening the AGM forming part
of this Annual Report, includes the proposal for re- appointment and the requisite disclosures
under Section 102 of the Act, Regulation 36(3) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 (“SEBI Listing Regulations”) and Secretarial Standard-2 on
General Meetings issued by the Institute of Company Secretaries of India.

As of the date of this report, the Board does not include any Independent Directors, which is not
in compliance with the requirements of the Companies Act, 2013 and the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015.

The Company acknowledges this deviation and is actively taking steps to reconstitute the Board
in line with the prescribed regulatory framework. The appointment process for the requisite
number of Independent Directors is currently in progress, and the Company remains committed
to achieving full compliance at the earliest.

The Company has a defined policy on the Familiarization Programme for Directors, aimed at
ensuring continuous awareness and engagement. The Board is regularly apprised of any
amendments, regulatory changes, or emerging market trends, irrespective of the sectoral
relevance. In addition, all strategic and operational communications relevant to the Company are
appropriately shared with the Independent Directors. The Company also maintains updated
disclosures on its website regarding the Familiarization Programmes conducted for its directors,
in line with applicable regulatory requirements.

The Familiarisation Programme for Independent Directors is uploaded on the website of the
Company www.rushabhbearings.com.

The Company has adopted Code of Conduct for the Directors and Senior Management of the
Company to provide clear guidance on principles such as integrity, transparency, business ethics
and to set up standards for compliance of Corporate Governance

A copy of same is available at the website of the Company at www.rushabhbearings.com.

Further, Company has adopted a Code of Conduct for Prohibition of Insider Trading to regulate,
monitor and report trading by insiders for prevention misuse of Unpublished Price Sensitive
Information. A copy of same is available at the website of the Company at
www.rushabhbearings.com.

The Company has in place the system to trace the movement of Unpublished Price Sensitive
Information and regular awareness is created for the Directors, Promoters, Key Managerial
Personnel and designated employees/ persons.

During the financial year ended 31^st March, 2025, a total of eight Board Meetings were held. The
maximum interval between any two consecutive meetings did not exceed 120 days, in compliance
with the statutory requirements.

The composition of the Board and the attendance of its members at these meetings are detailed
below:

In terms of the provisions of the Companies Act, 2013 and Regulation 25 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations, 2015, a separate meeting of Independent
Directors is required to be held inter alia to review the performance of Non-Independent
Directors and the Board as a whole, to review the performance of the Chairperson of the
Company, and to assess the quality, quantity and timeliness of flow of information between the
management and the Board.

However, during the year under review, the Company did not have any Independent Directors on
its Board. Accordingly, no separate meeting of Independent Directors was held during the year.

In compliance with applicable statutory requirements, the Board has constituted various
committees to ensure focused oversight and effective governance. The terms of reference of these

committees, outlining their scope, powers, duties, functions, and responsibilities, are approved by
the Board and are periodically reviewed to align with the Company's evolving business needs and
regulatory framework.

Based on the recommendations, suggestions, and observations made by these Committees, the
Board of Directors takes informed decisions on the matters under their consideration.

As on March 31, 2025, the Company had two Board-level Committees:

A. Audit Committee;

B. Nomination and Remuneration Committee;
a. Audit Committee:

The Board of Directors of our Company has, in pursuance to the provisions of Section 177 of the
Companies Act, 2013, or any subsequent modification(s) or amendment(s) thereof. The
constitution of the Audit Committee is as follows:

Our Company Secretary and Compliance officer shall act as the Secretary of the Committee.

The Company had conducted 6 (Six) Meetings of Audit Committee during the year under review
on 03/07/2024, 02/09/2024, 29/11/2024, 04/12/2024, 27/12/2024 and 13/02/2025.

The attendance of the Directors in the Audit Committee Meetings is as follows:

b. Nomination and Remuneration Committee:

The Board of Directors of our Company has, in pursuance to provisions of Section 178 of the
Companies Act, 2013, or any subsequent modification(s) or amendment(s) thereof. The
constitution of the Nomination and Remuneration Committee is as follows:

Our Company Secretary and Compliance officer shall act as the Secretary of the Committee.

The Company had conducted 3 (Three) Meetings of Nomination and Remuneration Committee
during the year under review on 12/07/2024, 04/12/2024 and 10/03/2025.

The attendance of the Directors in the Nomination and Remuneration Committee Meetings is as
follows:

During the year, the Board accepted all the recommendations provided by the Committees.

However, while the Committees have been duly constituted, the composition and terms of
reference of these Committees are not fully in compliance with the requirements prescribed
under the Companies Act, 2013 and the SEBI Listing Regulations. The Company is actively in the
process of reviewing and reconstituting these Committees to ensure full compliance with the
applicable statutory provisions.

The provisions of Section 178(1) relating to constitution of Nomination and Remuneration
Committee are applicable to the Company and hence the Company has devised policy relating to
appointment of Directors, payment of Managerial remuneration, Directors' qualifications,
positive attributes, independence of Directors and other related matters as provided under
Section 178(3) of the Companies Act, 2013.

There are no employee(s) in the Company who are in receipt of remuneration exceeding the limits
specified under Rule 5 (2) of Companies (Appointment & Remuneration of Managerial Personnel)
Rules, 2014.

As on 31^st March, 2025, Company doesn't have any Subsidiary & Joint Venture and Associate
Companies.

Apart from being on the Board and approving strategic and operational decisions, your Directors
have certain responsibilities as well towards you, our fellow Members and hence pursuant to the
requirement clause (c) of sub-section (3) of Section 134 of the Companies Act, 2013, your Directors
confirm that:

(a) In the preparation of the annual accounts, the applicable accounting standards had been
followed along with proper explanation relating to material departures;

(b) The directors had selected such accounting policies and applied them consistently and
made judgments and estimates that are reasonable and prudent so as to give a true and
fair view of the state of affairs of the company at the end of the financial year and of the
profit and loss of the company for that period;

(c) The directors had taken proper and sufficient care for the maintenance of adequate
accounting records in accordance with the provisions of this Act for safeguarding the
assets of the company and for preventing and detecting fraud and other irregularities;

(d) The directors had prepared the annual accounts on a going concern basis; and

(e) The Directors have laid down internal financial controls and that such internal financial
controls are adequate and operating effectively.

(f) The directors had devised proper systems to ensure compliance with the provisions of all
applicable laws and that such systems were adequate and operating effectively.

During the year under review, the Company has transitioned out of the CIRP and is now operating
under the new management as per the approved Resolution Plan. The Company is actively
working towards stabilizing operations, strengthening governance, and rebuilding stakeholder
confidence. The Board remains optimistic about the future prospects of the Company and is
committed to reviving its business in a phased and sustainable manner.

Further, the Company is in the process of implementing adequate internal financial controls over
financial reporting to ensure compliance with applicable statutory requirements and to enhance
operational transparency and efficiency.

Section 134 of the Act enjoins upon the Board a responsibility to make out its report to the
shareholders and attach the said report to financial statements laid before the shareholders at the
annual general meeting, in pursuance of Section 129 of the Act.

The provisions of Section 134, which enumerates the disclosures required to be made in the
Board's Report, are applicable to the Directors' Report for the financial year commencing on or
after 1^stApril, 2014.

Pursuant to provisions of Section 143(12) of the Companies Act, 2013, as amended from time to
time, the Auditors have not reported any incident of frauds committed in the Company by its
Officers or Employees to the Company during the year under review.

During the year under review, the Company has not provided any loan, guarantee or made
investment under provisions of Section 186 of the Act.

The Company has not invited/accepted any deposit except exempted deposit as prescribed under
the provisions of the Companies Act, 2013 and the rules framed there under, as amended from

time to time. Hence there are no particulars to report about the deposit falling under Rule 8 (5)
(v) and (vi) of Companies (Accounts) Rules, 2014.

During the financial year under review, the Company did not obtain any credit rating from any
credit rating agency. Accordingly, the requirement for disclosure under this clause is not
applicable.

The Management has represented to the Reconstituted Board, and the same has been taken on
record, that during the financial year under review, there were no materially significant related
party transactions entered into by the Company with its related parties which could have a
potential conflict with the interest of the Company at large or which required approval of the
shareholders.

As per the provisions of Section 188 of the Companies Act, 2013, read with Rule 8(2) of the
Companies (Accounts) Rules, 2014, disclosure in Form AOC-2 is required only for transactions
which are not at arm's length basis or for material related party transactions entered into at arm's
length. Accordingly, disclosure in Form AOC-2 is not applicable for the year under review.

All related party transactions were placed before the Audit Committee for review and approval.
Prior omnibus approval of the Audit Committee was obtained for transactions which are
repetitive in nature or are unforeseen.

The details of related party transactions, as required under the applicable Accounting Standards,
are provided in Note No. 19 of the Audited Financial Statements forming part of this Annual
Report.

During the financial year under review, the provisions of Section 135 of the Companies Act, 2013
relating to Corporate Social Responsibility (CSR) were not applicable to the Company.
Accordingly, the Company was not required to constitute a CSR Committee or adopt a CSR Policy,
and no disclosure under this clause is applicable for the year under review.

1. Conservation of Energy, Technology Absorption

The Company is currently not operational and is not engaged in any manufacturing
activities during the financial year under review. Accordingly, the provisions relating to
disclosure of particulars with respect to Conservation of Energy and Technology
Absorption, as prescribed under Rule 8(3) of the Companies (Accounts) Rules, 2014, are
not applicable. Hence, there is no information to report under this section for the year.

2. Foreign Exchange earnings and Outgo

There was no foreign exchange earnings and outgo during the year under the review.

The Company has in place a robust risk management framework to identify, evaluate, and mitigate
various risks across its operations. The framework is designed to safeguard the Company's assets,
ensure regulatory compliance, and support the achievement of strategic objectives. Key risks are
periodically reviewed by the management, and appropriate mitigation strategies are
implemented to address emerging risks. These include, but are not limited to, risks related to
market volatility, raw material price fluctuations, regulatory changes, operational disruptions,
environmental and sustainability factors, information security threats, and financial liquidity.
Considering the ongoing expansion and diversification initiatives, the Company continues to
strengthen its risk management practices by:

• Enhancing internal controls and operational oversight mechanisms

• Improving supply chain resilience and customer credit monitoring

• Embedding sustainability and ESG-related risks into strategic decision-making

• Leveraging technology for real-time risk assessment and mitigation

• Monitoring geopolitical developments that may affect supply chains, export-import
regulations, energy pricing, and investor sentiment.

The Board of Directors affirms that the Company's risk management system is adequate and
commensurate with the size and complexity of its operations and provides reasonable assurance
that risks are being effectively monitored and managed.

The Company has constituted Vigil Mechanism to report genuine concerns or grievances and to
provide adequate safeguards against victimization of persons who may use such mechanism and
the oversight of the same is with the Audit Committee of the Company. The Company is committed
to adhering to the highest standards of ethical, moral, and legal conduct of business operations.
The Company has adopted Vigil Mechanism policy, which provides that any Directors, Employees,
Stakeholders who observe any unethical behaviour, actual or suspected, fraud or violation may
report the same to Chairman of the Audit Committee.

During the financial year under review, there were no instances of fraud reported to the Audit
Committee or the Board.

The Board of Directors firmly believes that a robust and transparent policy framework is essential
for sound corporate governance and effective organizational functioning. The Company has
implemented a comprehensive set of policies that serve as the foundation for ethical conduct,
regulatory compliance, risk management, and strategic decision-making. Key policies include:

1. Related Party Transaction Policy- Establishes safeguards and transparency in
transactions involving related parties.

2. Materiality Policies- Ensures timely and accurate disclosure in compliance with SEBI
Listing Regulations.

3. Code of conduct of Board of Directors and Senior Management Personnel- Clarifies
the roles, responsibilities, and obligations of individuals in key leadership positions.

4. Vigil Mechanism Policy / Whistle Blower Policy- Provides a secure and confidential
channel for employees and stakeholders to report concerns or unethical practices.

5. Nomination and Remuneration Policy (with criteria of making payments to Non¬
executive Directors)- Ensures that appointments and compensation structures are
merit-based, fair, and aligned with long-term organizational goals.

6. Policy on material subsidiaries- Governs the monitoring and oversight of material
subsidiaries to ensure aligned governance.

7. Insider Trading Policies- Regulates trading in securities and ensures compliance with
SEBI (Prohibition of Insider Trading) Regulations, 2015.

8. Dividend Distribution Policy- Ensures a balanced approach to rewarding shareholders
while retaining resources for growth.

9. Archival Policy- Defines guidelines for the preservation and retrieval of documents and
disclosures.

A. STATUTORY AUDITORS:

M/s. Rajesh Laxmi & Associates, Chartered Accountants (Firm Registration No. 012203N), were
appointed as the Statutory Auditors of the Company by the shareholders at the 34^th Annual
General Meeting held on 27^th December, 2024, to hold office from the conclusion of that AGM until
the conclusion of the 36^th Annual General Meeting, to be held in the year 2025.

The Statutory Auditor's Report for the financial year under review does not contain any
qualifications, reservations, or adverse remarks. The observations made by the Auditors, read
together with the relevant notes to the financial statements and accounting policies, are self¬
explanatory and therefore do not require any further comments by the Board.

The Board of Directors of the Company on the recommendation of Audit Committee has approved
the re-appointment of M/s. Rajesh Laxmi & Associates, Chartered Accountants as the Statutory
Auditor of the Company and subject to approval of members in the upcoming Annual General
Meeting of the Company.

B. SECRETARIAL AUDITORS:

The Board, on the recommendation of the Audit Committee had appointed M/s. Parshwa Shah &
Associates, Practicing Company Secretaries to undertake the Secretarial Audit of the Company for
the FY 2024- 2025.

The Report of Secretarial Audit in form MR-3 in accordance with Section 204 of Companies Act,
2013 and Secretarial Compliance Report in accordance with Regulation 24A of SEBI Listing
Regulations, for the FY 2024- 2025 is annexed to the Annual Report as “Annexure-A”.

The Secretarial Audit Report for the financial year 2024-25, issued by Mr. Parshwa Shah of M/s.
Parshwa Shah and Associates, Practicing Company Secretaries, is annexed herewith as “Annexure-
A”. The Report includes certain qualified remarks under the applicable provisions. The Company
has provided its explanations in response to these observations and is optimistic that the matters
will be resolved favourably in due course.

The Company has endeavoured to comply, to the extent possible, with the applicable provisions
of the SEBI (Listing Obligations and Disclosure Requirements) Regulations and the Secretarial
Standards.

The observations/remarks along with the Company's explanations are detailed below:

Further as per the recent amendment under SEBI Listing Regulations pertaining to Appointment
of Secretarial Auditor, M/s. Parshwa Shah & Associates had given their consent to act as
Secretarial Auditor, accordingly, the Board in the meeting held on May 30, 2025 recommended
their appointment for the term of 05 years from FY 2025-26 to FY 2029-30, which is subject to
approval of the members. The resolution pertaining to the appointment forms part of the Notice
convening the Annual General Meeting.

C. INTERNAL AUDITORS:

Pursuant to the provisions of Section 138 of the Companies Act, 2013 read with company rules,
the Company has failed to appoint Internal Auditors for the Company during the year under
review.

However, the Board hereby assures its members that the company shall soon abide by the
provisions of section 138 of Companies Act, 2013 and appoint an Internal Auditor for the
Company.

The Company, to the extent possible, has complied with the applicable Secretarial Standards
issued by the Institute of Company Secretaries of India (ICSI) and approved by the Central
Government under Section 118(10) of the Companies Act, 2013. The Company has also devised
proper systems to ensure compliance with the provisions of the Secretarial Standards and it is
confirmed that the Company follows such systems in true letter and spirit.

Section 148 (1) of the Companies Act, 2013 read with Rule 3 of the Companies (Cost Records and
Audit) Rules, 2014 prescribes for maintenance of Cost records by certain class of Companies.
Given the nature of services being rendered by the Company, the requirement of maintaining cost
records under section 148(1) is not applicable.

The Company has adequate internal financial controls in place, commensurate with its size and
the nature of its business. The Internal Financial Controls, with reference to financial statements
as designed and implemented by the Company, are adequate.

During the year under review, no material or serious observation has been received from the
Statutory Auditors of the Company for inefficiency or inadequacy of such controls.

During the CIRP, the RP faced non-cooperation from the Suspended Board of Directors, which
hindered regulatory compliance. The Hon'ble NCLT, Mumbai Bench, by order dated October 20,
2023 (IA No. 1745 of 2023), approved the Resolution Plan of Real Mazon India Limited, pursuant
to which the erstwhile board was replaced and the entire share capital cancelled. In line with the
approved plan, 90,00,000 equity shares of ^10 each were allotted to the Resolution Applicant and
identified shareholders, as approved by the Monitoring Committee on April 15, 2024. Based on

RTA records dated February 13, 2024, and with guidance from BSE and NSE, April 14, 2025 was
fixed as the Record Date for capital restructuring, duly intimated to and recorded by the stock
exchanges.

As advised by the stock exchanges, a new ISIN is required for the proposed allotment to enable
filing of the relisting application with BSE and NSE. Applications have been submitted to NSDL
and CDSL; however, the depositories have sought in-principal approval from the exchanges,
which is unavailable until the relisting application is processed. Consequently, the Company is
unable to proceed further, being caught in a circular requirement between ISIN creation and
relisting approval.

Pursuant to Section 134(3)(a) and Section 92(3) of the Companies Act, 2013 read with Rule 12(1)
of the Companies (Management and Administration) Rules, 2014, the Annual Return, for the FY
2024- 2025 is available on the website of the Company at www.rushabhbearings.com.

During the year under review, there is no loan taken from the Directors or their relatives by the
Company.

Management Discussion and Analysis Report for the year under review, has been presented in a
separate section forming part of this Report.

Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (“SEBI Listing Regulations”), the provisions relating to Corporate Governance
are not applicable to the Company for the financial year ended March 31, 2025.

During the period under review the Company has not made any application, and no proceeding is
pending under the Insolvency and Bankruptcy Code, 2016.

The company has not taken any loan. Thus, the difference between the amount of valuation done
at the time of one-time settlement and the valuation done while taking loan from the bank or
financial institutions does not arise.

Your Company always endeavours and provides conductive work environment that is free from
discrimination and harassment including sexual harassment. Your Company has zero tolerance

towards sexual harassment at workplace and has adopted a policy for prevention of Sexual
Harassment of Women at workplace. To facilitate the reporting of grievances, a physical complaint
box has also been installed at all the Company's premises. The Company has set up an Internal
Committee under the Sexual Harassment of Women at Workplace (Prevention, Prohibition and
Redressal) Act, 2013 to address complaints of sexual harassment at the workplace and to ensure
a safe, secure, and respectful working environment for all employees.

During the Financial Year 2024-25, the Company has not received any complaint of sexual
harassment.

The requirement under Regulation 17(8) of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015, relating to CEO/CFO certification on financial statements and
internal controls, is not applicable to the Company for the financial year ended March 31, 2025.

Your Company has paid the requisite Annual Listing Fees to National Stock Exchange of India
Limited (Symbol: RUSHABEAR) and BSE Limited (Scrip Code: 531371), where its securities are
listed.

Your Board acknowledges and appreciates the relentless efforts of the employees, workmen and
staff including the management team at all levels in ensuring sustained growth of the Company.
Your Board wishes to place on record its deep appreciation to Directors of the Company for their
immense contribution by way of strategic guidance, sharing of knowledge, experience and
wisdom, which help the Company to take right decisions in achieving its business goals. Your
Board is indebted for the unstinted support and trust reposed by the Members and also remains
thankful for their ongoing support and guidance.

Your directors also sincerely thank to all the stakeholders, customers, vendors, bankers, business
associates, government, other statutory bodies and look forward to their continued assistance,
co-operation and support.

Regd. Office: Vijay Industrial Gala No For and on Behalf of

214, 2^nd Floor, Chincholi Bunder, Link Rushabh Precision Bearings Limited

Road, Malad, Mumbai, Malad West,

Maharashtra, India, 400064

CIN: L99999MH1989PTC053093 Sd/- Sd/-

Ph :9818148490 Mr. Praveen Chandola Mr. Biswajeet Mukherjee

Email:- compliance.rushabh@gmail.com Director & CFO Managing Director

(DIN: 05123912) (DIN:10432026)

Date: 01^st September, 2025
Place: Mumbai