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). The company has formally disclosed this development pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, marking a major step forward in its 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.

Management Commentary

Commenting on the development, Mr. Ankit Agrawal, CEO and Whole-Time Director, RMC Switchgears Limited, expressed gratitude to shareholders and emphasized the company's commitment to enhanced governance standards. He stated that receiving approval for migration to the Main Board and listing on NSE represents a proud milestone for the company, acknowledging the greater responsibilities in governance, disclosures, and stakeholder engagement that come with this transition.

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 company believes that listing on the Main Board of BSE and NSE will enhance its visibility in the capital markets, facilitate wider participation from retail and institutional investors, and support stronger engagement with the broader investment community.

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.