RMC Switchgears Limited has announced a significant increase in promoter shareholding, with Ankit Agrawal substantially boosting his stake in the company through a gift transaction.

Shareholding Enhancement Details

Ankit Agrawal, a promoter of RMC Switchgears, has increased his shareholding from 9.71% to 17.72% through the acquisition of 8,45,700 equity shares. The transaction was executed as a gift through off-market transfer between 28th January 2026 and 19th February 2026.

Shareholding Comparison

The acquisition has resulted in a substantial increase in Agrawal's ownership stake in the company:

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary and Compliance Officer Shivani Bairathi filed the necessary regulatory documents with BSE Limited on 27th March 2026.

Key regulatory details include:

• Company ISIN: INE655V01019
• BSE Scrip Code: 540358
• Intimation Date: 19th February 2026
• Filing Date: 27th March 2026

Promoter Information

Ankit Agrawal, holding PAN ADNPA3441K, is based in Jaipur, Rajasthan. His address is listed as B-103 A, Manu Marg, Behind LBS College, Tilak Nagar, Jawahar Nagar, Jaipur-302004. The transaction represents a significant commitment by the promoter to increase his stake in the company through the gift mechanism.

RMC Switchgears Limited has achieved a significant milestone in its corporate journey by securing in-principle approval from the National Stock Exchange of India Limited (NSE) for migration from the SME platform to the main board. This development marks an important step in the company's growth trajectory and expansion of its market presence.

Migration Approval Details

The company received the in-principle approval from NSE on March 17, 2026, as communicated through NSE letter reference number NSE/LIST/65. This approval follows the earlier in-principle approval received from BSE Limited on February 6, 2026, demonstrating the coordinated approach required for such migrations.

Migration Process and Requirements

The migration involves 1,05,76,850 equity shares of Rs. 10/- each from the SME Platform of BSE to the Capital Market Segment (Main Board) of NSE. The approval has been granted in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement) Regulations, 2018.

NSE has clarified that final approval for the migration will be issued upon submission of the listing application, including the equity listing agreement. The exchange has also noted that this approval should not be construed as approval under any other Act, Regulation, rule, or bye-laws, and the company may need to obtain separate approvals from other departments if required.

Timeline and Next Steps

The in-principle approval from NSE is valid for a period of 45 days from March 17, 2026. RMC Switchgears is currently in the process of completing the final listing formalities as prescribed by the exchange. The company has committed to keeping the exchange informed about further developments, including the effective date of trading on the main board.

Company Information

RMC Switchgears Limited operates with its corporate office located at B-11 (B&C), Malviya Industrial Area, Jaipur-302017, Rajasthan. The company's registered office and factory are situated at Khasra No.-163,164, Village-Badodiya, Tehsil-Kotkhawda, Kotkhawada, Jaipur, Rajasthan. The migration to NSE's main board represents a significant step forward in the company's market positioning and accessibility to a broader investor base.