Regulatory30 May 2026, 03:42 pm
RMC Switchgears: No Deviation in Preferential Issue Proceeds
AI Summary
RMC Switchgears Ltd confirms no deviation or variation in the utilization of ₹15.01 Cr issue proceeds raised through a preferential issue for the quarter ended March 31, 2026. The proceeds were fully utilized for the stated objects. This statement was reviewed and noted by the Audit Committee and Board of Directors on May 29, 2026.
Key Highlights
- RMC Switchgears confirms full utilization of ₹15.01 Cr preferential issue proceeds.
- No deviation or variation reported in the use of funds for the quarter ended March 31, 2026.
- Audit Committee and Board of Directors reviewed and noted the statement on May 29, 2026.
- Funds allocated for general corporate purposes (₹3.01 Cr) and investment in subsidiaries (₹12.00 Cr) were fully utilized.
Price Impact
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