RMC Switchgears Ltd

RMC Switchgears Ltd has announced a Board of Directors meeting scheduled for November 14, 2026. The primary agenda is to consider and approve the Unaudited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The meeting will also take on record the Limited Review Report for these results. Concurrently, the trading window for designated persons and their relatives will remain closed from October 1, 2026, until 48 hours after the financial results are declared.

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.

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.

RMC Switchgears Ltd announced a change in its Registrar and Share Transfer Agent (RTA). The Board of Directors, via a resolution passed by circulation on October 1, 2026, approved the transition from MUFG Intime India Private Limited to Skyline Financial Services Private Limited. MUFG will continue to serve until the electronic connectivity is successfully transferred to Skyline and confirmed by both depositories. A tripartite agreement will be executed among the involved parties. The effective date of the change will be communicated later. The reason cited for the change is better alignment with the company's present requirements, following an evaluation of technical and financial parameters.

RMC Switchgears Ltd has announced the closure of its trading window effective October 1, 2026. This measure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will remain shut for all insiders, designated persons, and their immediate relatives. Trading in the company's shares will be restricted until 48 hours after the declaration of the financial results for the quarter and half-year ended September 30, 2026. The specific date for the board meeting to approve these results will be communicated separately.

RMC Switchgears Ltd shareholders have approved an increase in the company's authorized share capital from ₹15,00,00,000 (Rupees Fifteen Crores) to ₹20,00,00,000 (Rupees Twenty Crores). This change, divided into 2,00,00,000 equity shares of ₹10 each, was passed via an Ordinary Resolution at the Annual General Meeting held on September 19, 2026. The alteration amends the Capital Clause of the company's Memorandum of Association.

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.