RMC Switchgears Board to consider Rights Issue on Oct 9, 2026

RMC Switchgears Ltd has announced that its Board of Directors will convene a meeting on Friday, October 9, 2026, at 11:00 AM. The primary agenda for this meeting is to consider and approve a proposal for raising funds through the issuance of fully paid-up equity shares via a rights issue to its existing eligible equity shareholders. The Board will also determine the quantum of the issue, constitute a Rights Issue Committee to manage the terms and conditions, and approve the objectives of the rights issue. In compliance with insider trading regulations, the trading window for insiders and designated persons will remain closed from October 1, 2026, until 48 hours after the conclusion of the Board Meeting.