RMC Switchgears Limited has formally notified stock exchanges about an upcoming board meeting scheduled for April 23, 2026, in compliance with Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting will address several critical corporate governance matters, including postal ballot procedures and director appointments.

Board Meeting Agenda

The board meeting will consider and approve multiple significant matters as outlined in the company's official communication dated April 20, 2026. The primary agenda items demonstrate the company's focus on strengthening its governance framework and ensuring compliance with regulatory requirements.

Director Appointment and Regularization

A key focus of the meeting will be seeking member approval for regularizing Mrs. Manisha Godara (DIN: 08116113) as an Independent Director. She was previously appointed as Additional Director (Independent) under Sections 149, 150, 152, and 161(1) of the Companies Act, 2013. The regularization process will ensure her appointment complies with all applicable provisions of the Act and rules made thereunder.

Postal Ballot Process

The board will deliberate on appointing a scrutinizer to conduct the postal ballot process in a fair and transparent manner. Additionally, the meeting will cover the approval of the draft notice of postal ballot and the calendar of events for the postal ballot proceedings, ensuring all procedural requirements are met.

Trading Window Restrictions

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, RMC Switchgears has implemented a trading window closure. The restriction affects all directors, key managerial personnel, promoters, designated persons, and their immediate relatives.

The trading window will remain closed until 48 hours after the declaration of audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. This measure ensures compliance with insider trading regulations and maintains market integrity during the results announcement period.

RMC Switchgears Limited has notified stock exchanges regarding the withdrawal of credit ratings by Brickwork Ratings India Private Limited, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Rating Withdrawal Details

Brickwork Ratings reaffirmed and subsequently withdrew the credit ratings assigned to the company's bank loan facilities. The rating action covered facilities worth Rs. 42.14 crores across fund-based and non-fund-based instruments.

Company's Position on Rating Withdrawal

RMC Switchgears clarified that it had already initiated necessary steps to discontinue its association with Brickwork Ratings and complete requisite lender-related formalities. The withdrawal was processed following submission of withdrawal request and No Objection Certificates from lenders in accordance with prescribed procedures.

The company stated that the reference to "Issuer Not Cooperating" does not adequately reflect the factual position, as it was not engaged in any active rating review process requiring submission of updated information. The company emphasized that it had not continued any active engagement for credit rating services with Brickwork Ratings during the relevant period.

Current Rating Status

RMC Switchgears maintains a valid and active credit rating with Infomerics Valuation and Rating Pvt. Ltd., which is being used for all relevant purposes. The company indicated that the rating rationale issued by Brickwork Ratings may not be considered reflective of its current position.

Bank Facilities Breakdown

The withdrawn ratings covered facilities from two major lenders:

About RMC Switchgears

RMC Switchgears Limited was incorporated on 23rd August 1994 and is engaged in manufacturing and supply of electrical enclosures and laminates through its manufacturing plant located in Jaipur. The company was initially incorporated as RFH Metal Castings Pvt Ltd, later renamed to RFH Metal Castings Ltd in 2008, and finally changed to RMC Switchgears Ltd in 2016. The company was listed on BSE SME platform in 2017.