RMC Switchgears Board Approves Financials, Share Capital Increase

RMC Switchgears Limited's Board of Directors met on August 12, 2026, approving the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved a significant increase in authorized share capital from ₹15 Crores to ₹20 Crores, subject to shareholder approval. Additionally, the company received board approval for granting loans, guarantees, and securities to subsidiaries up to ₹500 Crores and for material related party transactions. The 32nd Annual General Meeting (AGM) is scheduled for September 19, 2026, to be held via video conference. The board also approved the grant of 1500 stock options and a joint venture with Continental Petroleum Limited.