RMC Switchgears Limited has received Letters of Intent (LOI) worth ₹200.87 crores from Jaipur Vidyut Vitran Nigam Limited for distribution infrastructure projects in Rajasthan. The company announced this development through a regulatory filing under Regulation 30 of SEBI regulations, marking a significant addition to its order book.

Project Details and Scope

The Letters of Intent comprise two major distribution infrastructure projects under the Revamped Reforms-based and Results linked Distribution Sector Scheme (RDSS). Both projects involve development of distribution infrastructure work for segregation of 11 KV mixed feeders in different circles of Jaipur Discom.

Execution Timeline and Terms

The projects are structured as turnkey assignments with specific execution requirements. Work commencement is scheduled within 15 days from the date of LOI award, with completion timelines to be determined as per the program schedule provided by the Project Manager, Engineer-in-Charge, or Site Engineer.

Regulatory Compliance and Business Impact

The company has confirmed that these orders do not constitute related party transactions and have been awarded at arm's length. The projects represent domestic contracts with no promoter group interest in the awarding entity. RMC Switchgears expects these LOIs to contribute positively to the company's revenue and growth prospects, further strengthening its position in the power distribution infrastructure sector.

RMC Switchgears Limited has completed the allotment of 25,050 equity shares under its Employee Stock Option Scheme-2024, marking another milestone in the company's employee incentive program. The allotment was approved by the Nomination and Remuneration Committee of the Board of Directors in its meeting held on January 29, 2026.

Share Allotment Details

The allotment represents the exercise of stock options by employees under the company's ESOP-2024 scheme. Each equity share carries a face value of Rs. 10, maintaining consistency with the company's existing share structure.

Impact on Share Capital

The allotment will result in an increase in the company's paid-up equity share capital. The capital structure change reflects the successful implementation of the employee stock option program.

Regulatory Compliance

The company has disclosed this allotment in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to BSE Limited, where RMC Switchgears is listed under scrip code 540358 with the symbol RMC.

The allotment was communicated by Company Secretary and Compliance Officer Shivani Bairathi, who holds membership number A42636. This development demonstrates the company's commitment to employee participation and adherence to regulatory requirements for listed entities.