RMC Switchgears Limited has completed the allotment of 25,050 equity shares under its Employee Stock Option Scheme-2024, marking another milestone in the company's employee incentive program. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors in its meeting held on January 29, 2026.

Share Allotment Details

The allotment represents the exercise of stock options by employees under the company's ESOP-2024 scheme. Each equity share carries a face value of Rs. 10, maintaining consistency with the company's existing share structure.

Impact on Share Capital

The allotment will result in an increase in the company's paid-up equity share capital. The capital structure change reflects the successful implementation of the employee stock option program.

Regulatory Compliance

The company has disclosed this allotment in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited, where RMC Switchgears is listed under scrip code 540358 with the symbol RMC.

The allotment was communicated by Company Secretary and Compliance Officer Shivani Bairathi, who holds membership number A42636. This development demonstrates the company's commitment to employee participation and adherence to regulatory requirements for listed entities.

RMC Switchgears Limited has disclosed a substantial acquisition of shares by promoter Ankit Agarwal under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the acquisition of 8,45,700 equity shares representing 8.02% of the company's total share capital through an off-market inter-se transfer on 28.01.2026.

Transaction Details

The acquisition was structured as a gift transaction between promoter group entities, completed without any monetary consideration. The shares were transferred from two sources within the promoter group to Ankit Agarwal.

Shareholding Changes

Prior to this acquisition, Ankit Agarwal held 10,24,445 equity shares, representing 9.71% of the total share capital. Following the transaction, his individual shareholding has increased significantly to 18,70,145 shares, representing 17.72% of the total voting capital.

Promoter Group Holdings

The combined holding of Ankit Agarwal and his persons acting in concert (PAC) has also increased substantially. The PAC includes family members and related entities such as Neha Agarwal (spouse), Ashok Kumar Agarwal (father), Atika Agarwal (sister), and various HUFs.

Key PAC Holdings After Acquisition:

• Neha Agarwal (Spouse): 7,05,000 shares (6.68%)
• Ashok Kumar Agarwal (Father): 23,91,980 shares (22.67%)
• Ashok Kumar Agarwal HUF: 3,19,260 shares (3.03%)
• Ankit Agarwal HUF: 1,56,000 shares (1.48%)
• Atika Agarwal (Sister): 52,020 shares (0.49%)

The total combined holding of Ankit Agarwal and PAC now stands at 54,96,655 shares, representing 52.09% of the total voting capital and 50.30% of the diluted share capital.

Company Information

RMC Switchgears Limited is listed on the SME platform of BSE Limited under scrip code 540358 with the symbol RMC. The company's equity share capital stands at Rs. 10,55,18,000, comprising 1,05,51,800 fully paid-up equity shares of Rs. 10 each. The total diluted share capital is Rs. 10,92,68,000, consisting of 1,09,26,800 fully paid-up equity shares.

The company is engaged in the switchgears business and operates from its registered office and factory located at Khasra No. 163, 164, Village-Badodiya, Tehsil-Kotkhawada, District-Jaipur, Rajasthan-303908, with its corporate office situated in Malviya Industrial Area, Jaipur.