RMC Switchgears shareholders approved all seven resolutions proposed at the 32nd Annual General Meeting held on September 19, 2026. The meeting, conducted via video conferencing, saw a total of 55,17,383 shares voted through remote e-voting.

The company convened the meeting in compliance with Ministry of Corporate Affairs circulars and SEBI Listing Regulations. Thirty-seven members attended the virtual session. Key managerial personnel including Chairman and Managing Director Ashok Kumar Agarwal and CEO Ankit Agrawal addressed the gathering.

Resolutions Passed

Shareholders voted on seven agenda items covering ordinary and special business. The board sought approval for routine matters such as the adoption of financial statements and the reappointment of Mrs. Neha Agarwal as a director liable to retire by rotation.

Special business included significant corporate actions:

• Approval to increase the authorized share capital of the company
• Ratification of remuneration for cost auditors for FY27
• Approval of remuneration for Non-Executive Director Akhilesh Kumar Jain
• Authorization to grant loans and provide guarantees to subsidiary companies under Section 185 of the Companies Act, 2013
• Approval of material related-party transactions with subsidiaries

Voting Results Breakdown

The scrutinizer’s report, submitted by V.M. & Associates, detailed the voting patterns across promoter and public holdings. The following table summarizes the outcome for key resolutions:

Promoter and promoter group members voted in favor of all resolutions where they were not interested parties. For resolutions involving related-party transactions and loans to subsidiaries (Items 6 and 7), the promoter group abstained from voting due to their interest in the agenda, leaving the decision to public shareholders.

Audit Observations

The statutory auditor’s report contained no qualifications or adverse remarks. In contrast, the secretarial auditor’s report issued by V.M. & Associates included five qualifications. The company will submit the combined e-voting results and scrutinizer’s report to stock exchanges within two working days.

CEO Ankit Agrawal briefed shareholders on the company’s current status and future prospects. He highlighted the organization’s focus on inclusive growth, innovation, and sustainability during his address.

RMC Switchgears has appointed Tarun Kumar Sharma as Chief Operating Officer (COO) and Senior Management Personnel. The appointment is effective from September 16, 2026.

The Board of Directors approved the move through a resolution passed by circulation on September 16, 2026. This decision followed a recommendation from the Nomination and Remuneration Committee.

Appointment Details

Mr. Sharma will serve as the COO for Smart Solutions at the company's headquarters in Jaipur. He holds a Master of Business Administration degree.

His professional background includes a five-year association with VHEL Limited. Mr. Sharma brings over 34 years of experience to his new role at RMC Switchgears.

Regulatory Disclosure

The company made this announcement pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was filed with both the Bombay Stock Exchange and the National Stock Exchange of India Limited.