RMC Switchgears Limited has announced the completion of an inter-se transfer of equity shares among its promoter group members, involving the transfer of 8,45,700 shares representing 8.02% of the company's total share capital. The transaction was executed on February 19, 2026, as an off-market transfer between family members within the promoter group.

Transaction Details

The share transfer involved Ankit Agrawal, son of promoter Shri Ashok Kumar Agarwal, acquiring shares from two entities within the promoter group through gift transfers. The transaction structure is detailed below:

The transaction was completed at a total consideration of ₹7,509, representing a gift transfer within the family of promoter and promoter group members.

Regulatory Compliance

The inter-se transfer falls within the exemption provided under Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption applies as the transaction involves immediate relatives within the promoter and promoter group.

The company had previously filed the required disclosure under Regulation 10(5) on January 28, 2026, followed by the completion report under Regulation 10(6) on February 19, 2026. All regulatory timelines were adhered to during the process.

Shareholding Impact

The transaction resulted in significant changes to individual shareholding patterns within the promoter group, while maintaining the overall promoter group holding unchanged:

Company Information

RMC Switchgears Limited is listed on BSE Limited with scrip code 540358 and symbol RMC. The company's registered office is located at Khasra No.-163,164, Village-Badodiya, Tehsil-Kotkhawda, Jaipur, Rajasthan. The transaction documentation was signed by Shivani Bairathi, Compliance Officer & Company Secretary, and Ankit Agrawal, the acquiring promoter.

The completion of this inter-se transfer demonstrates the company's adherence to regulatory requirements while facilitating internal restructuring within the promoter group family members.

RMC Switchgears Limited has issued a regulatory clarification to address potential confusion arising from a recent promoter-level acquisition transaction. The clarification, dated February 14, 2026, was submitted to BSE Limited in response to a disclosure made by Saatvik Green Energy Limited on February 12, 2026, regarding the acquisition of equity stake in Intelligent Hydel Solutions Private Limited.

Transaction Details and Clarification

The company has clarified that the referenced transaction pertains solely to the promoters of RMC Switchgears Limited acting in their individual capacity. This distinction is crucial as it separates personal investments by promoters from corporate-level transactions that would directly impact the listed company's holdings.

Company's Shareholding Position Unchanged

RMC Switchgears Limited has emphasized that its corporate shareholding in Intelligent Hydel Solutions Private Limited remains unaffected by this promoter-level transaction. The company continues to maintain its majority stake and controlling position in the subsidiary.

Regulatory Compliance and Transparency

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Shivani Bairathi signed the clarification on behalf of RMC Switchgears Limited. The company stated that this disclosure was made in the interest of transparency and to prevent any misinterpretation that might arise from the exchange intimation regarding Saatvik Green Energy's acquisition.

Key Takeaways

The clarification serves several important purposes:

• Distinguishes between promoter-level and corporate-level transactions
• Confirms RMC Switchgears' continued majority control in Intelligent Hydel Solutions
• Maintains transparency with stakeholders and regulatory authorities
• Prevents potential market confusion regarding the company's strategic holdings

This regulatory filing demonstrates RMC Switchgears' commitment to maintaining clear communication with investors and ensuring compliance with disclosure requirements, particularly when promoter activities might be misconstrued as affecting the listed company's business operations or strategic investments.