RMC Switchgears Board Approves Financial Results, Capital Increase

RMC Switchgears Limited's Board of Directors met on August 12, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved an increase in authorized share capital from ₹15 crore to ₹20 crore, subject to shareholder approval. Additionally, the company will seek shareholder consent for granting loans, guarantees, and securities to subsidiaries up to ₹500 crore and for material related party transactions. The board approved the notice for the 32nd AGM, directors' report for FY26, and the grant of 1500 stock options to employees. A joint venture with Continental Petroleum Limited for tender participation was also approved.