RMC Switchgears Ltd

RMC Switchgears Ltd has announced the appointment of Mr. Tarun Kumar Sharma as Chief Operating Officer (COO), Smart Solutions, and designated him as Senior Management Personnel. The appointment was approved by the Board of Directors through a resolution passed by circulation on September 16, 2026, and is effective from the same date. Mr. Sharma holds a Master of Business Administration degree and brings over 34 years of experience, including a previous five-year tenure at VHEL Limited. This appointment is in compliance with SEBI LODR Regulations.

RMC Switchgears Ltd announced the appointment of Mr. Dilip Panjwani as an Additional Director in the category of Independent Director. The decision was made during a Board of Directors meeting held on September 12, 2026. The appointment is subject to shareholder approval. The board also approved the purchase of industrial land from a related party and the initiation of a postal ballot process for shareholder consent on these matters. The trading window for the company's shares will open on September 15, 2026. Mr. Panjwani brings over 25 years of experience in finance, corporate governance, and M&A.

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.

RMC Switchgears Limited has received Letters of Award (LOA) from MAHAVITRAN - Maharashtra State Electricity Distribution Co. Ltd. for an aggregate value of ₹14,98,65,900. The order encompasses the Design, Manufacture, Supply, Transport, Installation, Testing, and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of various capacities. This includes a 5-year warranty, repair, maintenance, and a Remote Monitoring System (RMS) under the "Magel Tyala Saur Krushi Pump" Yojana / PM KUSUM B Scheme. The company expects this significant order to positively impact its revenue and growth prospects, further strengthening its order book.

RMC Switchgears Limited has issued a corrigendum to its Annual Report for the Financial Year 2025-26. The company clarified that the circulated report inadvertently contained the Auditor's Report for financial results under SEBI regulations instead of the detailed Statutory Auditor's Report required under the Companies Act, 2013. Additionally, the annexure on employee particulars has been revised to comply with Section 197 of the Companies Act, 2013. The corrected report, including the detailed Statutory Auditor's Report and updated employee particulars, is now available on the company's website and will be submitted to the stock exchanges. The company emphasized that these corrections do not impact the financial statements, the AGM notice, or member voting rights.

RMC Switchgears Limited announced that its Board of Directors has approved the execution of a Pledge Agreement with CTL Trusteeship Limited (Security Trustee). This agreement involves pledging the Company's 51% shareholding in its associate company, Intelligent Hydel Solutions Private Limited (IHSPL). The pledge serves as security for a financing facility granted by Aseem Infrastructure Finance Limited to IHSPL. The Board also approved an investment in RMC NextGen Systems LLP, where RMC Switchgears will hold a 51% stake. The pledge agreement includes significant terms such as special rights like director appointment and pre-emptive rights on share issuance. The transaction is not considered a related party transaction.

RMC Switchgears Ltd has filed its Annual Report for the financial year 2025-26, in compliance with SEBI Listing Regulations and the Companies Act, 2013. The report, along with the Notice of the 32nd Annual General Meeting, is being disseminated electronically to members with registered email addresses. For members without registered emails, a letter with a web-link to access the report on the company's website (www.rmcindia.in) is being provided. The Annual Report will also be available on the company's website. The filing includes details on corporate review, financial statements (standalone and consolidated), statutory reports, and board of directors.

RMC Switchgears Ltd has filed its Annual Report for the financial year 2025-26, along with the Notice of its 32nd Annual General Meeting. The report is being disseminated electronically to shareholders with registered email addresses and made available via a web-link for others. The Annual Report details corporate review, performance benchmarks, messages from leadership, manufacturing and technology insights, marketplace information, and comprehensive statutory and financial statements, including standalone and consolidated accounts. It also includes a disclaimer regarding forward-looking statements.

RMC Switchgears Limited has announced the release and termination of a pledge on its shareholding in Intelligent Hydel Solutions Private Limited (IHSPL). The pledge was originally created in favour of Saatvik Cleantech EPC Private Limited, pursuant to a Loan-cum-Share Pledge Agreement approved on March 31, 2026. The extinguishment of this pledge is effective from August 20, 2026. The company states that this release will not have any material impact on its financial, operational, or managerial affairs.

RMC Switchgears Limited has announced receiving Letters of Award (LOA) from Anand Transformers Private Limited for a turnkey contract valued at ₹1,88,52,000. The contract involves providing new service connections with infrastructure extension for Transformer Distribution Boxes under Phase III. This order is expected to bolster the company's order book and contribute positively to its revenue and growth prospects. The execution timeline and guarantee period details are provided, with no promoter interest indicated in the awarding entity.