Board Meeting12 Sept 2026, 11:01 am
RMC Switchgears Board Approves Land Purchase, Director Appointment
AI Summary
RMC Switchgears Ltd announced that its Board of Directors, in a meeting held on September 12, 2026, approved the purchase of industrial land from a related party, subject to shareholder approval. The board also approved the appointment of Mr. Dilip Panjwani as an Additional Director in the Independent category, also pending shareholder consent. A postal ballot notice will be issued to seek these approvals, with Mrs. Megha Khandelwal appointed as the scrutinizer. Additionally, the trading window for the company's shares will reopen on September 15, 2026.
Key Highlights
- Board approved purchase of industrial land from a related party.
- Mr. Dilip Panjwani appointed as Additional Independent Director.
- Shareholder approval required for land purchase and director appointment.
- Postal ballot process initiated for shareholder approvals.
- Trading window to reopen on September 15, 2026.
Price Impact
More from RMC