RMC Switchgears Limited has achieved significant progress in its mainboard migration journey, first receiving in-principle approval from BSE Limited to migrate from the BSE SME Platform to BSE Mainboard, and now submitting an application to NSE Limited for migration to NSE Mainboard. These developments mark important steps in the company's growth trajectory and enhanced market accessibility.

BSE Mainboard Approval Details

The BSE approval was formally communicated through BSE letter reference no. LO/MG/PJ/IP/696/2025-26 dated February 5, 2026. The decision was made by the Internal Regulatory Oversight and Review Group of the Exchange following the company's application submitted on December 26, 2025.

NSE Mainboard Application

In the latest development, RMC Switchgears has submitted an application to NSE Limited for migration from BSE SME Platform to NSE Mainboard on February 12, 2026. The application was formally communicated to BSE Limited on February 13, 2026, as per regulatory requirements under SEBI LODR Regulations 2015.

Regulatory Compliance and Documentation

The NSE application has been submitted along with all requisite documents and information as prescribed under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the BSE migration, the company must complete several mandatory requirements including listing agreement, information memorandum, and updated financials.

Financial Obligations for BSE Migration

The company is required to pay specific fees to complete the BSE migration process:

Current Status and Strategic Direction

With dual applications now in progress, RMC Switchgears is positioning itself for enhanced market presence across both major Indian stock exchanges. The company continues to process final listing formalities as prescribed by the respective exchanges, keeping stakeholders informed about developments in both migration processes.

RMC Switchgears Limited has received Letters of Intent (LOI) worth ₹200.87 crores from Jaipur Vidyut Vitran Nigam Limited for distribution infrastructure projects in Rajasthan. The company announced this development through a regulatory filing under Regulation 30 of SEBI regulations, marking a significant addition to its order book.

Project Details and Scope

The Letters of Intent comprise two major distribution infrastructure projects under the Revamped Reforms-based and Results linked Distribution Sector Scheme (RDSS). Both projects involve development of distribution infrastructure work for segregation of 11 KV mixed feeders in different circles of Jaipur Discom.

Execution Timeline and Terms

The projects are structured as turnkey assignments with specific execution requirements. Work commencement is scheduled within 15 days from the date of LOI award, with completion timelines to be determined as per the program schedule provided by the Project Manager, Engineer-in-Charge, or Site Engineer.

Regulatory Compliance and Business Impact

The company has confirmed that these orders do not constitute related party transactions and have been awarded at arm's length. The projects represent domestic contracts with no promoter group interest in the awarding entity. RMC Switchgears expects these LOIs to contribute positively to the company's revenue and growth prospects, further strengthening its position in the power distribution infrastructure sector.