RMC Switchgears Limited has disclosed a substantial acquisition of shares by promoter Ankit Agarwal under SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The transaction involved the acquisition of 8,45,700 equity shares representing 8.02% of the company's total share capital through an off-market inter-se transfer on 28.01.2026.

Transaction Details

The acquisition was structured as a gift transaction between promoter group entities, completed without any monetary consideration. The shares were transferred from two sources within the promoter group to Ankit Agarwal.

Shareholding Changes

Prior to this acquisition, Ankit Agarwal held 10,24,445 equity shares, representing 9.71% of the total share capital. Following the transaction, his individual shareholding has increased significantly to 18,70,145 shares, representing 17.72% of the total voting capital.

Promoter Group Holdings

The combined holding of Ankit Agarwal and his persons acting in concert (PAC) has also increased substantially. The PAC includes family members and related entities such as Neha Agarwal (spouse), Ashok Kumar Agarwal (father), Atika Agarwal (sister), and various HUFs.

Key PAC Holdings After Acquisition:

• Neha Agarwal (Spouse): 7,05,000 shares (6.68%)
• Ashok Kumar Agarwal (Father): 23,91,980 shares (22.67%)
• Ashok Kumar Agarwal HUF: 3,19,260 shares (3.03%)
• Ankit Agarwal HUF: 1,56,000 shares (1.48%)
• Atika Agarwal (Sister): 52,020 shares (0.49%)

The total combined holding of Ankit Agarwal and PAC now stands at 54,96,655 shares, representing 52.09% of the total voting capital and 50.30% of the diluted share capital.

Company Information

RMC Switchgears Limited is listed on the SME platform of BSE Limited under scrip code 540358 with the symbol RMC. The company's equity share capital stands at Rs. 10,55,18,000, comprising 1,05,51,800 fully paid-up equity shares of Rs. 10 each. The total diluted share capital is Rs. 10,92,68,000, consisting of 1,09,26,800 fully paid-up equity shares.

The company is engaged in the switchgears business and operates from its registered office and factory located at Khasra No. 163, 164, Village-Badodiya, Tehsil-Kotkhawada, District-Jaipur, Rajasthan-303908, with its corporate office situated in Malviya Industrial Area, Jaipur.

RMC Switchgears Limited has announced an inter-se transfer of equity shares within its promoter group, involving the transfer of 94,800 shares from Vitthal Das Agrawal to Ankit Agrawal on January 28, 2026. The transaction represents a 0.90% stake in the company and was executed as an off-market gift between family members.

Transaction Details

The share transfer was disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Vitthal Das Agrawal, belonging to the promoter group, transferred his entire shareholding to Ankit Agrawal, who is a promoter of the company and grandson of the transferor.

Shareholding Pattern Changes

The transaction resulted in significant changes to the shareholding pattern of the promoter group. Before the transfer, Vitthal Das Agrawal held 94,800 shares representing 0.90% of the total share capital. Post-transaction, his holding reduced to zero.

Promoter Group Structure

The disclosure reveals the complete structure of persons acting in concert (PAC) with the transferor, including family members across generations. The PAC includes Parvati Bai (spouse), Ashok Kumar Agarwal and Rajendra Kumar Agarwal (sons), Atika Agarwal (granddaughter), and Neha Agarwal (wife of grandson).

Impact on Overall Holdings

Following the inter-se transfer, the combined holding of the transferor and persons acting in concert decreased from 3,565,310 shares (33.79%) to 3,470,510 shares (32.89%). The company's equity share capital remains unchanged at Rs. 10,55,18,000, comprising 1,05,51,800 fully paid-up equity shares of Rs. 10 each.

Regulatory Compliance

The transaction was duly reported to BSE Limited, where RMC Switchgears is listed on the SME platform under scrip code 540358. The disclosure was made in accordance with SEBI regulations governing substantial acquisition of shares and takeovers, ensuring transparency in promoter group transactions.