Rights Issue9 Oct 2026, 11:29 am
RMC Switchgears Plans Rights Issue Up to ₹30 Crore
AI Summary
RMC Switchgears Ltd announced that its Board of Directors has approved a rights issue of equity shares amounting to not exceeding ₹30 crore. The face value of each equity share is ₹10. The rights issue is intended to be offered to eligible equity shareholders as of a record date, which will be determined and notified subsequently. The specific terms of the rights issue, including the issue price, entitlement ratio, and timing, will be decided by the Board and disclosed in due course. The company is also appointing intermediaries for the process.
Key Highlights
- Board approves rights issue to raise up to ₹30 crore.
- Equity shares of face value ₹10 each to be issued.
- Issue is for eligible shareholders as per a future record date.
- Specific terms like issue price and ratio to be determined.
- Intermediaries are being appointed for the rights issue.
Price Impact
More from RMC