RMC Switchgears Ltd

RMC Switchgears Limited announced that shareholders have approved the appointment of Mr. Dilip Panjwani (DIN: 02205645) as an Independent Director through a postal ballot, with the results declared on October 13, 2026. Mr. Panjwani’s appointment is effective from September 12, 2026, and he brings over 25 years of experience in financial management, corporate governance, and business restructuring, and is a Chartered Accountant and Company Secretary.

RMC Switchgears Limited submitted a certificate to the BSE Limited and National Stock Exchange of India Limited on October 9, 2026, confirming securities dematerialized/rematerialized for the quarter ended September 30, 2026, as received from MUFG Intime India Private Limited, formerly Link Intime India Private Limited, the company’s Registrar and Share Transfer Agent.

RMC Switchgears Limited will seek shareholder approval for a rights issue of fully paid-up equity shares at a quantum to be determined, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited on October 1, 2026; the board meeting to consider the matter is scheduled for October 9, 2026.

RMC Switchgears Limited announced that its board of directors approved a change of registrar and share transfer agent from MUFG Intime India Private Limited, formerly known as Link Intime India Private Limited, to Skyline Financial Services Private Limited, subject to completion of necessary formalities. The transition will occur once electronic connectivity is successfully transferred to Skyline and confirmations are received from National Securities Depository Limited and Central Depository Services (India) Limited, with a formal effective date to be communicated to the stock exchanges.

RMC Switchgears Limited informed the Bombay Stock Exchange and National Stock Exchange of India that the trading window will be closed for all insiders, designated persons, and their immediate relatives from October 1, 2026, until 48 hours after the declaration of financial results for the quarter and half-year ended September 30, 2026.

RMC Switchgears Limited informed the BSE Limited and National Stock Exchange of India Limited that its shareholders approved an alteration in the Capital Clause of the Memorandum of Association, increasing the authorized share capital from Rs 15,00,00,000 divided into 1,50,00,000 equity shares of Rs 10 each to Rs 20,00,00,000 divided into 2,00,00,000 equity shares of Rs 10 each, at the Annual General Meeting held on September 19, 2026.

RMC Switchgears Limited announced the appointment of Mr. Tarun Kumar Sharma as Chief Operating Officer (COO) for Smart Solutions at Jaipur, effective September 16, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. Mr. Sharma, who holds a Master of Business Administration and previously worked at VHEL Limited for five years, brings over 34 years of experience to the role.

RMC Switchgears Limited announced that its board of directors approved the purchase of industrial land from a related party, subject to shareholder approval, and appointed Mr. Dilip Panjwani (DIN: 02205645) as an Additional Director in the category of Non-Executive Independent Director, also pending shareholder approval. The board also approved a notice of postal ballot and appointed Mrs. Megha Khandelwal (FCS: 10237) as the scrutinizer for the postal ballot process, with the meeting concluding at 10:45 AM on Saturday, September 12, 2026.

RMC Switchgears Limited will hold a meeting of its Board of Directors on September 12, 2026, to consider and approve the appointment of a Scrutinizer for the Postal Ballot process, approve the draft Notice of Postal Ballot and Calendar of Events, and other matters, according to a regulatory filing with the Bombay Stock Exchange and National Stock Exchange. Trading window for the company's shares will be closed for directors, key managerial personnel, promoters, designated persons and their immediate relatives from September 9, 2026, until 48 hours after the board meeting concludes.

RMC Switchgears Ltd. is down 3.23% to Rs 226.0 today, adding to a recent decline of 2.77% over the last one week. RMC Switchgears Limited announced it has received Letters of Award (LOA) from MAHAVITRAN - Maharashtra State Electricity Distribution Co. Ltd., valued at Rs 14,98,65,900, for the design, manufacture, supply, installation, testing, and commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) in Maharashtra, including a five-year warranty and remote monitoring system, under the “Magel Tyala Saur Krushi Pump” Yojana / PM KUSUM B Scheme. The company stated that this award will strengthen its order book and positively contribute to its revenue and growth prospects, and it will provide updates on any further material developments. Trading volume totaled 46322 shares today, a decrease of 20.34% from the one-week average volume. RMC Switchgears Ltd remained flat year-over-year, outperforming the NIFTY50 index's 4.01% loss.