RMC Switchgears Limited has secured Letters of Award (LOA) from MAHAVITRAN- Maharashtra State Electricity Distribution Co. Ltd. amounting to ₹23,63,74,211 for the supply of solar water pumping systems. The order covers the design, manufacture, supply, transport, installation, testing, and commissioning of Off-Grid DC Solar Voltaic water Pumping Systems (SPWPS) with capacities of 3 HP, 5 HP, and 7.5 HP. This project falls under the "Magel Tyala Saur Krushi Pump" Yojna and the PM KUSUM B SCHEME, targeting identified farmer sites across various districts in Maharashtra.

The contract is classified as an empanelment and rate contract awarded by a domestic entity. It includes a comprehensive scope of work, such as complete system warranty, repair and maintenance, and a Remote Monitoring System (RMS) for a duration of five years. The company confirmed that the promoter or promoter group holds no interest in MAHAVITRAN, and the transaction does not constitute a related party transaction.

Order Details

The disclosure regarding the order was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key particulars of the order are outlined below:

Strategic Impact

Management indicated that the receipt of this LOA strengthens the company's order book and is expected to contribute positively to its revenue and growth prospects. The five-year timeline for execution provides sustained business visibility. RMC Switchgears has committed to updating the stock exchanges on any further material developments regarding this order as required under regulations.

RMC Switchgears Limited has closed its trading window for all insiders, designated persons, and their immediate relatives effective Wednesday, July 01, 2026. This measure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct to Regulate, Monitor and Report Trading in Securities. The closure is intended to prevent insider trading while the company prepares to release its financial results for the quarter ended June 30, 2026.

The trading window will remain shut until the expiry of 48 hours from the date of declaration of the financial results, both standalone and consolidated. This restriction applies to any transaction involving the purchase or sale of the company's shares by the covered individuals. The specific date for the Board Meeting to consider and approve these results has not yet been announced and will be intimated separately.

Key Details

The company's Managing Director, Ashok Kumar Agarwal, signed the intimation sent to the stock exchanges on June 23, 2026. RMC Switchgears Limited is listed on both BSE Limited and the National Stock Exchange of India Limited.