RMC Switchgears Limited , a fast-growing player in integrated electrical and renewable energy solutions, has reported impressive financial results for the first half of FY2025-26. The company's performance highlights its strong position in the Solar, T&D, and Smart Infrastructure sectors.

Financial Highlights

Key Performance Drivers

The company's remarkable growth can be attributed to several factors:

1. Strong Execution in Solar EPC Projects: RMC Switchgears has demonstrated exceptional performance in executing Solar EPC projects, which has been a primary driver of revenue growth.

2. Steady Performance in Electrical EPC and Products: The company has maintained consistent performance across its Electrical EPC and Electrical Products segments.

3. Operational Efficiencies: Despite increased raw material consumption due to project execution, the company has managed to improve its gross profit through operational efficiencies and timely deliveries.

4. Strategic Focus on Volume Expansion: RMC has prioritized volume expansion and market share in Solar and Electrical EPC segments, leading to higher absolute profits despite a slight dip in EBITDA margin.

Major Developments

1. Significant Contract Wins: RMC Switchgears secured major contracts worth ₹61 crore in Solar EPC, ₹59 crore in Electrical EPC, and ₹16 crore in the Products segment.

2. Backward Integration Strategy: The company is progressing with its 1GW solar module manufacturing plant, a key component of its backward integration strategy. The project is moving forward in phases to ensure technological adaptability and long-term competitiveness.

3. Recognition: RMC Switchgears was included in Forbes Asia's Best Under a Billion 2025 list, acknowledging its governance, innovation, and execution excellence.

Management Commentary

Mr. Ankit Agrawal, Whole-time Director and CEO of RMC Switchgears Limited, stated, "The first half of FY26 reinforces our belief that RMC's growth is structural, not cyclical. Our strategy of scaling with stability is delivering tangible results; revenue has more than doubled year-on-year, while absolute profitability has expanded sharply."

He further added, "With over ₹1,500 crore in tenders already participated in and some under active evaluation, we look forward to our order pipeline growing in the coming quarters."

Future Outlook

RMC Switchgears is well-positioned for continued growth:

1. The company aims to achieve over 90% capacity utilization in the coming quarters.
2. Focus on reducing project turnaround times and enhancing vendor partnerships.
3. Expansion into water management infrastructure by integrating advanced technologies like IoT.
4. Continued contribution to India's clean energy goals through solar EPC, green energy projects, and IPP solutions.

As RMC Switchgears continues to strengthen its position in the electrical and renewable energy sectors, investors can expect sustained growth and value creation in the coming quarters.

RMC Switchgears Limited has officially announced the results of its postal ballot process, with all three proposed resolutions receiving overwhelming shareholder approval. The company submitted the voting results and scrutinizer's report to BSE on December 16, 2025, confirming the successful completion of the corporate governance process.

Official Postal Ballot Results

The postal ballot process concluded on December 14, 2025, with scrutinizer Mr. Manoj Maheshwari of V.M. Associates Company Secretaries overseeing the voting process. All resolutions were passed with requisite majority through remote e-voting conducted via Central Depository Services (India) Limited (CDSL).

Voting Process and Participation

The e-voting period commenced on November 15, 2025, at 9:00 AM and concluded on December 14, 2025, at 5:00 PM. A total of 18 shareholders representing 3,31,250 shares participated in the voting process out of the company's total 1,05,51,800 shares.

The company dispatched postal ballot notices via email to 4,529 shareholders who had registered their email IDs with the company or depositories. An advertisement was published on November 15, 2025, in Business Standard (English and Hindi editions) informing shareholders about the completion of notice dispatch.

Board Authorizations Approved

The approved resolutions provide the company with significant financial flexibility for future operations and subsidiary support:

The board meeting held on November 13, 2025, had initially approved these proposals subject to shareholder approval, which has now been successfully obtained.

Regulatory Compliance and Documentation

The scrutinizer's report, prepared by CS Manoj Maheshwari (Membership No. FCS3355), confirmed that all voting procedures were conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The report was digitally signed and submitted to ensure complete regulatory compliance.

These approvals position RMC Switchgears for enhanced financial flexibility and strategic growth initiatives, particularly in supporting subsidiary operations and pursuing expansion opportunities in the electrical equipment sector.