RMC Switchgears Limited has achieved a significant milestone by receiving in-principle approval from BSE Limited to migrate its equity shares from the BSE SME Platform to the BSE Mainboard. This development marks an important step in the company's growth trajectory and enhanced market accessibility, with final listing steps currently underway.

Approval Details and Timeline

The 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.

Required Listing Formalities

To complete the migration process, RMC Switchgears must fulfill several mandatory requirements within the specified timeframe:

• Letter of application for listing of shares on Main Board
• Information Memorandum in the format prescribed under Section 26 of the Companies Act 2013
• Listing Agreement as per SEBI (LODR) Regulations, 2015
• Latest shareholding pattern as per SEBI circular no. CIR/CFD/GMD/13/2015
• Updated financials as per Regulation 33 of SEBI (LODR) Regulations, 2015

Financial Obligations

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

Regulatory Compliance Requirements

Upon successful migration to the BSE Mainboard, RMC Switchgears will be subject to enhanced regulatory requirements. All provisions of SEBI (LODR) Regulations, 2015 will become applicable, including Corporate Governance provisions, effective from the first date of trading on the Mainboard.

Current Status and Next Steps

The company is currently processing the final listing formalities as prescribed by the Exchange. RMC Switchgears has committed to keeping BSE informed about further developments, including the effective date of trading on the Mainboard. The approval remains valid for 45 days from February 5, 2026, after which the company may apply for extensions as per BSE checklist requirements.

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.