RMC Switchgears Limited has achieved a significant corporate milestone by receiving final listing and trading approval for migrating its equity shares from the BSE SME Platform to the mainboards of both BSE Limited and National Stock Exchange of India Limited (NSE). This development represents a major step forward in the company's capital market journey and strategic growth plans.

Migration Approval Details

The company has received official approval for the migration of 1,05,76,850 (One Crore Five Lakhs Seventy Six Thousand Eight Hundred Fifty) equity shares of Re. 10/- each fully paid-up from the SME Platform to the mainboards of both exchanges. The approvals were granted through separate communications from both exchanges.

Trading Commencement

The equity shares of RMC Switchgears Limited will be listed and admitted to dealings on the main boards of both BSE and NSE with effect from April 1, 2026. This dual listing will provide the company with enhanced market presence and improved accessibility for investors across both major Indian stock exchanges.

NSE Trading Parameters

The National Stock Exchange has specified the trading parameters for the migrated shares, which will be available under specific series and market lot configurations.

Lock-in Structure

The migration includes a detailed lock-in structure for different tranches of equity shares. The majority of shares (10,508,300 shares) are classified as "Free" for trading, while a smaller portion (37,000 shares) has a lock-in period extending until December 5, 2026.

Strategic Significance

This dual listing marks a significant milestone in RMC Switchgears Limited's journey and demonstrates the company's sustained growth trajectory and commitment to transparency and strong corporate governance. The development aligns with the company's long-term strategic vision, which focuses on broadening the shareholder base by attracting a diverse range of investors and improving the visibility and accessibility of shares in the capital markets.

The migration to mainboard status will subject the company to all provisions of SEBI (LODR) Regulations, 2015, including corporate governance provisions, effective from the first date of trading on the main board. This transition reinforces the company's position as a trusted player within the Indian financial ecosystem and supports ongoing efforts to create sustainable value for all stakeholders.

RMC Switchgears Limited has announced a significant increase in promoter shareholding, with Ankit Agrawal substantially boosting his stake in the company through a gift transaction.

Shareholding Enhancement Details

Ankit Agrawal, a promoter of RMC Switchgears, has increased his shareholding from 9.71% to 17.72% through the acquisition of 8,45,700 equity shares. The transaction was executed as a gift through off-market transfer between 28th January 2026 and 19th February 2026.

Shareholding Comparison

The acquisition has resulted in a substantial increase in Agrawal's ownership stake in the company:

Regulatory Compliance

The disclosure was made pursuant to Regulation 7(2) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary and Compliance Officer Shivani Bairathi filed the necessary regulatory documents with BSE Limited on 27th March 2026.

Key regulatory details include:

• Company ISIN: INE655V01019
• BSE Scrip Code: 540358
• Intimation Date: 19th February 2026
• Filing Date: 27th March 2026

Promoter Information

Ankit Agrawal, holding PAN ADNPA3441K, is based in Jaipur, Rajasthan. His address is listed as B-103 A, Manu Marg, Behind LBS College, Tilak Nagar, Jawahar Nagar, Jaipur-302004. The transaction represents a significant commitment by the promoter to increase his stake in the company through the gift mechanism.