RMC Switchgears Ltd has approved the change of its Registrar and Share Transfer Agent (RTA) from MUFG Intime India Private Limited to Skyline Financial Services Private Limited. The transition aims to align the company's administrative processes with current operational requirements.

The Board of Directors passed the resolution by circulation on October 1, 2026. MUFG Intime, formerly known as Link Intime India, had served as the company’s RTA since 2017. The appointment of Skyline follows an evaluation of technical and financial parameters.

Transition Timeline

MUFG Intime will continue to provide services to the company and its shareholders until electronic connectivity is successfully transitioned to Skyline. The change becomes effective only after confirmations are received from both the National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL).

A tripartite agreement involving RMC Switchgears, MUFG Intime, and Skyline will be executed to formalize the handover of data and charges. The specific effective date of the change will be communicated to the stock exchanges in due course.

Disclosure Details

The company disclosed this information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing highlights that the decision was driven by a need for better alignment with present requirements rather than any regulatory compliance issue with the previous agent.

RMC Switchgears Limited scheduled a board meeting for October 9, 2026, to deliberate on raising funds through a rights issue to existing shareholders.

The meeting is set for 11:00 am at the company's corporate office. The agenda includes approving the quantum of the issue and constituting a Rights Issue Committee to determine terms and conditions.

Regulatory compliance and trading window

The company filed this intimation under Regulation 29(1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In line with insider trading norms, the trading window is closed from October 1, 2026, until 48 hours after the meeting concludes.

Meeting agenda details

The board will address the following key items:

1. Approve the issuance of fully paid-up equity shares via rights issue.
2. Fix the quantum of the issue as permitted under applicable law.
3. Constitute a Rights Issue Committee with authority to decide terms.
4. Approve the objects of the rights issue.

The company stated that any other matters related to the rights issue may also be transacted. The decision remains subject to regulatory and statutory approvals.