RMC Switchgears board approves rights issue up to ₹30 crore
- Board approved rights issue up to ₹30 crore
- Equity shares of face value ₹10 each
- Issue price and ratio to be decided later
- Compliance with SEBI ICDR Regulations, 2018
*this image is generated using AI for illustrative purposes only.
RMC Switchgears Ltd approved a rights issue of fully paid-up equity shares for an amount not exceeding ₹30 crore. The decision was taken during the board meeting held on October 9, 2026.
The proposed issuance involves equity shares with a face value of ₹10 each. These shares will be offered to eligible equity shareholders as on the record date, which will be determined and notified subsequently. The company stated that the issue will comply with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.
Key terms and conditions
The specific details regarding the rights issue, including the issue price, rights entitlement ratio, record date, timing, and terms of payment, have not yet been finalized. The Board of Directors will determine these parameters in due course and disclose them to the stock exchanges. The company also plans to appoint various intermediaries to facilitate the transaction.
The board meeting commenced at 11:00 am and concluded at 11:20 am. The outcome was communicated to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Disclosure summary
| Particulars | Details |
|---|---|
| Type of securities | Equity Shares |
| Type of issuance | Rights issue |
| Total amount | Not exceeding ₹30 crore |
The company noted that regulatory and statutory approvals may be required under applicable laws. Further disclosures will be made as per SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.
Historical Stock Returns for RMC Switchgears
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.50% | -8.42% | -17.98% | -54.46% | -49.98% | -49.98% |
How will the ₹30 crore capital infusion impact RMC Switchgears' debt-to-equity ratio and future borrowing capacity?
What specific expansion projects or working capital needs is the company targeting with the proceeds from this rights issue?
How might the upcoming announcement of the rights entitlement ratio influence the stock's short-term trading volatility?
19
Create Custom Screeners 
Access 200+ Pre-built Filters 
Use 50+ Readymade Screener 
