News Orders & Deals RMC Switchgears: Promoter Group Member Transfers 94,800 Equity Shares to Ankit AgrawalRMC Switchgears: Promoter Group Member Transfers 94,800 Equity Shares to Ankit Agrawal
RMC Switchgears Limited disclosed an inter-se transfer of 94,800 equity shares (0.90%) from promoter group member Vitthal Das Agrawal to promoter Ankit Agrawal on January 28, 2026. The off-market gift transaction between grandfather and grandson resulted in Vitthal Das Agrawal's shareholding reducing to zero, while the overall promoter group holding decreased from 33.79% to 32.89%. The transaction was reported under SEBI regulations to BSE Limited where the company is listed on the SME platform.
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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.
| Parameter | Details |
|---|---|
| Transaction Date | January 28, 2026 |
| Transferor | Vitthal Das Agrawal (Promoter Group) |
| Transferee | Ankit Agrawal (Promoter) |
| Shares Transferred | 94,800 |
| Percentage | 0.90% |
| Mode | Off-market inter-se transfer (Gift) |
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/PAC Member | Before Transfer | After Transfer | Change |
|---|---|---|---|
| Vitthal Das Agrawal | 94,800 (0.90%) | 0 (0%) | -94,800 |
| Ashok Kumar Agarwal | 2,394,230 (22.69%) | 2,394,230 (22.69%) | No change |
| Atika Agarwal | 52,020 (0.49%) | 52,020 (0.49%) | No change |
| Ashok Kumar Agarwal HUF | 319,260 (3.03%) | 319,260 (3.03%) | No change |
| Neha Agarwal | 705,000 (6.68%) | 705,000 (6.68%) | No change |
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.
Historical Stock Returns for RMC Switchgears
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.01% | +2.35% | -14.94% | -55.53% | -59.90% | +2,087.13% |
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