RMC Switchgears Ltd

RMC Switchgears Limited has announced receiving Letters of Award (LOA) from Jaipur Vidyut Vitran Nigam Limited for an order valued at ₹2,84,47,125. The order is for 100 Amp. L.T. Distribution Kiosks suitable for underground cabling and is expected to be executed within 6 months. This award is anticipated to bolster the company's order book and contribute positively to its revenue and growth prospects. The transaction is with a domestic entity, and there is no disclosed interest from promoters or group companies.

RMC Switchgears Limited has announced receiving Letters of Award (LOA) from Genus Power Infrastructures Limited for UND S_Panel mounting structure 1.1KW. The total value of the order is ₹5,01,72,500. This significant order is expected to bolster the company's order book and contribute positively to its future revenue and growth. The execution period for this contract is six months. This award underscores RMC Switchgears' capabilities in the renewable energy sector.

RMC Switchgears Limited has received a Letter of Award (LOA) from MAHAVITRAN- Maharashtra State Electricity Distribution Co. Ltd. for ₹23,63,74,211. The order is for the design, manufacture, supply, transport, installation, testing, and commissioning of Off-Grid DC Solar Voltaic water Pumping Systems (SPWPS) of various capacities. This includes a 5-year warranty, repair, maintenance, and remote monitoring system. The project is part of the "Magel Tyala Saur Krushi Pump" Yojna/PM KUSUM B Scheme. RMC Switchgears expects this significant order to positively impact its revenue and growth prospects, further strengthening its order book. The company will provide updates on material developments.

RMC Switchgears Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from July 1, 2026, and will reopen 48 hours after the declaration of the financial results (standalone and consolidated) for the quarter ended June 30, 2026. This measure is to prevent insider trading and ensure fair market practices. The specific date for the board meeting to approve these financial results will be communicated separately.

RMC Switchgears Ltd has announced the appointment of Mr. Vikash Verma as Deputy Chief Financial Officer (Dy. CFO) and Mr. Ojas Sethi as Head of Accounts & Finance. Both appointments are designated as Senior Management Personnel (SMP) and are effective from June 5, 2026. Mr. Verma, a Chartered Accountant with over 22 years of experience, was previously with South Asia LPG Company Pvt Ltd. Mr. Sethi, also a Chartered Accountant with over 14 years of experience, was formerly associated with Cent Bank Home Finance Ltd. These appointments were approved by the Board of Directors through a resolution passed by circulation.

RMC Switchgears Ltd reported a consolidated revenue of ₹401.59 crore in FY26, a 26.40% YoY increase. Q4 FY26 saw a strong turnaround with a net profit of ₹9.30 crore. The company's FY26 consolidated EBITDA stood at ₹47.10 crore, and net profit was ₹22.45 crore. RMC Switchgears is focused on opportunities in power distribution modernization, transmission infrastructure, smart metering, and renewable energy development across India.

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.

RMC Switchgears Ltd's Board reappointed M/s. DLS and Associates LLP as Internal Auditors and M/s. Deepak Mittal & Associates as Cost Auditors for the financial year 2026-27. The board also approved the audited financial results for the quarter and year ended March 31, 2026. The company confirmed it does not fall under the Large Corporate category as per SEBI circulars.

RMC Switchgears Ltd. approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The board also re-appointed M/s. DLS and Associates LLP as Internal Auditors and M/s. Deepak Mittal & Associates as Cost Auditors for FY 2026-27. The company confirmed it does not fall under the Large Corporate category as per SEBI circulars. Trading window will open 48 hours after the declaration of financial results.

RMC Switchgears Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. They also re-appointed M/s. DLS and Associates LLP as Internal Auditors and M/s. Deepak Mittal & Associates as Cost Auditors for FY 2026-27, subject to shareholder ratification for the cost auditor's remuneration. The company confirmed it does not fall under the Large Corporate category as per SEBI circulars. Trading window will open 48 hours after the declaration of financial results.