Financials Negative

2026-05-30 14:00

Consolidated Revenue ₹142.94Cr vs ₹165.66Cr (▼13.72% YoY), EBITDA ₹17.60Cr vs ₹16.66Cr (▲5.63% YoY), PAT ₹9.27Cr vs ₹9.82Cr (▼5.68% YoY). EBITDA Margin 12.31% vs 10.06% (▲225bps).

Financials Neutral

2026-05-29 19:17

Consolidated Revenue ₹142.94 Cr vs ₹165.66 Cr (▼13.71% YoY), EBITDA ₹17.60 Cr vs ₹16.66 Cr (▲5.64% YoY), PAT ₹9.27 Cr vs ₹9.82 Cr (▼5.68% YoY). EBITDA Margin 12.31% vs 10.06% (▲225bps). The Board also approved the re-appointment of internal and cost auditors for FY 2026-27.

Routine Neutral

2026-05-29 18:39

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Governance Neutral

2026-05-25 20:11

RMC Switchgears Limited announced the voting results for the postal ballot, confirming the approval of the Special Resolution for the appointment of Mrs. Manisha Godara (DIN: 08116113) as an Independent Director of the Company. The resolution passed with an overwhelming majority of 99.99% votes in favour and is deemed passed as of May 24, 2026.

Governance Neutral

2026-05-25 20:09

RMC Switchgears Limited announced the proceedings of a postal ballot for the appointment of Mrs. Manisha Godara (DIN: 08116113) as an Independent Director for a period of 5 years, commencing from March 2, 2026, to March 1, 2031. The special resolution was passed with requisite majority, receiving 99.99% of votes in favour. The results were declared on May 25, 2026.

Financials Neutral

2026-05-22 10:42

RMC Switchgears Limited announced a Board Meeting on May 29, 2026, to consider and approve the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026. The trading window for dealing in company securities is closed from April 1, 2026, until 48 hours after the results are declared.

Ownership Neutral

2026-05-08 10:21

RMC Switchgears Limited announced the allotment of 5,020 equity shares, each with a face value of Rs. 10, to employees who exercised stock options under the Employee Stock Option Scheme 2024. This allotment increases the company's paid-up equity share capital from Rs. 10,57,68,500 to Rs. 10,58,18,700.

Governance Neutral

2026-04-24 16:15

RMC Switchgears Limited issued a postal ballot notice seeking shareholder approval for the appointment of Mrs. Manisha Godara (DIN: 08116113) as an Independent Director for a term of 5 years, commencing March 2, 2026. E-voting will be held from April 25, 2026, to May 24, 2026.

Governance Neutral

2026-04-24 11:26

RMC Switchgears Limited announced a Postal Ballot (with remote e-voting from April 25 to May 24, 2026) to approve the appointment of Mrs. Manisha Godara (DIN: 08116113) as an Independent Director of the Company for a 5-year term. Results will be declared by May 26, 2026.

Governance Neutral

2026-04-23 10:44

The Board met on April 23, 2026, to approve a postal ballot for regularizing Mrs. Manisha Godara as an Independent Director and appointing Mrs. Megha Khandelwal as Scrutinizer. The trading window remains closed from April 1, 2026, until 48 hours after the Q4 & FY26 financial results declaration.

Governance Neutral

2026-04-20 12:03

RMC Switchgears announced a Board meeting on April 23, 2026, to consider appointing a scrutinizer for a postal ballot and regularizing Mrs. Manisha Godara as an Independent Director. The trading window is closed from April 1, 2026, until 48 hours post Q4 & FY26 results.

Business Update Negative

2026-04-14 17:23

CRITICAL RED FLAG DETECTED

RMC Switchgears Ltd. announced the withdrawal of credit ratings by Brickwork Ratings for bank facilities of Rs 42.14 Crores. The ratings were 'BWR D' and 'Issuer Not Cooperating'. The company initiated withdrawal, claiming the 'Issuer Not Cooperating' tag was inaccurate as they maintain another active rating with Infomerics.

Ownership Neutral

2026-04-02 13:30

RMC Switchgears Limited approved pledging 51% shareholding of its subsidiary, Intelligent Hydel Solutions Private Limited, to Saatvik Cleantech EPC Private Limited on March 31, 2026, to secure financial assistance of ₹1,35,91,500.

Business Update Positive

2026-04-01 10:11

RMC Switchgears Limited received approval for migration from the SME Platform to the Main Board of BSE and listing on NSE, effective from April 1, 2026. This move is expected to enhance visibility and facilitate wider investor participation.

Ownership Neutral

2026-03-31 20:46

RMC Switchgears Limited approved pledging 51% shareholding in its subsidiary, Intelligent Hydel Solutions Private Limited, to Saatvik Cleantech EPC Private Limited on March 31, 2026, to secure financial assistance of ₹1,35,91,500.

Business Update Positive

2026-03-31 10:09

RMC Switchgears Limited received final approval for migration of 1,05,76,850 equity shares (₹10/- each) from BSE SME Platform to the Mainboard of BSE and NSE. The shares will be listed and admitted to dealings on the Main Board from April 1, 2026, increasing visibility and liquidity.

Routine Neutral

2026-03-24 17:16

RMC Switchgears Limited announced the closure of its trading window from April 01, 2026, until 48 hours post-declaration of Audited Financial Results for the quarter and financial year ended March 31, 2026, as per SEBI PIT Regulations.

Business Update Positive

2026-03-17 17:48

RMC Switchgears Limited received in-principle approval from National Stock Exchange (NSE) on March 17, 2026, for migration from the SME Platform to the Capital Market Segment (Main Board). The company had also received similar approval from BSE on February 6, 2026, a move expected to enhance market visibility and liquidity.

Ownership Neutral

2026-03-17 10:19

Ankit Agrawal (Acquirer/Promoter) acquired 845,700 equity shares of RMC Switchgears Limited from Vitthal Das Agarwal (grandfather/promoter) via an off-market inter-se transfer on 19.02.2026. This increased Ankit Agrawal's stake from 9.71% to 17.72%, falling under an exemption for promoter group transfers.

Governance Negative

2026-03-03 20:52

CRITICAL RED FLAG DETECTED

RMC Switchgears Limited submitted its Secretarial Compliance Report for April 1, 2024, to December 31, 2025. The report highlighted non-compliance with Regulation 30 of SEBI LODR regarding timely disclosures and Regulation 3(5) of SEBI PIT Regulations, as detailed in Annexure-A.

Governance Positive

2026-03-02 20:22

RMC Switchgears Ltd. announced the appointment of Mrs. Manisha Godara (DIN:08116113) as an Additional Director in the category of Non-Executive Independent Director, effective March 2nd, 2026. She brings over 12 years of experience in corporate governance and compliance.

Business Update Positive

2026-02-26 12:32

RMC Switchgears Limited announced on 26.02.2026 that Infomerics Rating upgraded its credit ratings. Long Term Bank Facilities moved from IVR BBB- to IVR BBB (Stable Outlook), and Short Term Bank Facilities from IVR A3 to IVR A3+. The upgrade reflects strong business performance and satisfactory financial risk profile.

Ownership Neutral

2026-02-19 17:58

RMC Switchgears Limited disclosed an inter-se transfer of 8,45,700 shares (8.02% of total) within the promoter group by way of gift to Ankit Agrawal on 19.02.2026. The aggregate promoter group holding remains unchanged.

Business Update Neutral

2026-02-14 11:03

RMC Switchgears clarifies that a promoter-level transaction where Saatvik Green Energy acquired 49% stake in Intelligent Hydel Solutions Private Limited does not affect RMC's 51% shareholding or holding company status, ensuring no change in ownership or control.

Business Update Positive

2026-02-13 10:00

RMC Switchgears Limited submitted an application on 12.02.2026 for migration of its equity shares from the SME Platform of BSE Limited to the Main Board of NSE Limited.

Business Update Positive

2026-02-06 10:13

RMC Switchgears Limited received in-principle approval from BSE Limited on February 5, 2026, for the migration of its equity shares from the BSE SME Platform to the BSE Mainboard. The company is now completing the final listing formalities.

Business Update Positive

2026-02-03 10:28

RMC Switchgears Limited received Letters of Intent (LOI) worth ₹200.86 crore for distribution infrastructure work in Dholpur and Jhalawar Circles of Jaipur Discom, Rajasthan, under the RDSS scheme. These orders are expected to strengthen the company's order book and contribute positively to revenue.

Ownership Neutral

2026-01-29 15:33

The company allotted 25,050 equity shares of face value Rs. 10/- each to employees under its ESOP Scheme-2024. This increases the paid-up equity share capital from Rs. 10,55,18,000 to Rs. 10,57,68,500.

Ownership Neutral

2026-01-28 10:49

RMC Switchgears Limited reported an inter-se transfer of 8,45,700 shares (8.02%) within the promoter group from Vitthal Das Agarwal HUF/Individual to Ankit Agrawal. This off-market transaction, effective on or after January 28, 2026, does not alter the aggregate promoter holding and falls under SEBI exemption.

Ownership Neutral

2026-01-28 10:36

RMC Switchgears Limited announced Ankit Agrawal (promoter group) will acquire 8,45,700 equity shares (8.02%) from Vitthal Das Agarwal HUF and Vitthal Das Agarwal via inter-se transfer/gift. This transaction is within the promoter group, and the aggregate promoter holding remains unchanged.

Ownership Neutral

2026-01-28 10:34

Ankit Agarwal (Promoter) acquired 8,45,700 shares of RMC Switchgears Limited on 28.01.2026 via an off-market inter-se gift from promoter group members. Post-acquisition, Ankit Agarwal's holding is 18,70,145 shares (17.72%).

Ownership Neutral

2026-01-28 10:28

Vitthal Das Agrawal HUF (promoter group) transferred 7,50,900 equity shares (7.12%) of RMC Switchgears Limited to Ankit Agarwal (promoter group) on January 28, 2026, as an inter-se transfer.

Ownership Neutral

2026-01-28 10:26

Promoter Vitthal Das Agrawal transferred 94,800 equity shares (0.90%) of RMC Switchgears Limited by way of gift to Ankit Agrawal, also a promoter and his grandson, through an off-market inter-se transaction on January 28, 2026.

Business Update Positive

2026-01-21 15:20

RMC Switchgears Limited received a Letter of Intent from AARKA CORPORATION PRIVATE LIMITED amounting to ₹27.94 Crores for the supply of FRP Fencing for transformer centres, which is expected to contribute positively to the company's revenue and growth.

Business Update Positive

2026-01-20 15:00

RMC Switchgears Limited clarified no government notification has been issued on reported tender policy changes, affirming business execution continues as planned with limited near-term risk. The company secured a ₹8.06 Cr order for smart meter enclosures and emerged as L1 bidder for ₹203 Cr distribution infrastructure tenders.

540358

RMC SWITCHGEARS LTD

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