RMC Switchgears Ltd has announced important business developments, including a substantial order win and clarifications on regulatory matters affecting its operations.

Major Order Win in Smart Meter Segment

The company has successfully secured a ₹8.06 crore order for smart meter enclosures, marking a significant addition to its order book. This contract reinforces RMC Switchgears' strong position in the electrical infrastructure market and demonstrates continued demand for its specialized products.

Regulatory Clarification on Tender Policies

RMC Switchgears has proactively addressed market concerns by clarifying that the company has not received any government notices regarding changes to tender policies. This clarification provides transparency to stakeholders and helps maintain confidence in the company's ongoing business operations.

Operational Performance Across Business Verticals

The company reports maintaining steady progress across its key business segments:

• Electrical Infrastructure: Continued momentum with new order acquisitions
• Renewable Energy: Sustained operational progress in line with market opportunities
• Product Portfolio: Consistent performance across specialized electrical equipment offerings

Business Outlook

RMC Switchgears' recent developments reflect the company's ability to secure meaningful contracts while navigating the regulatory environment effectively. The smart meter enclosure order demonstrates the company's technical capabilities and market positioning in the growing electrical infrastructure sector. The proactive communication regarding tender policy matters underscores management's commitment to transparency with stakeholders.

RMC Switchgears Limited has formally submitted its application to migrate from the BSE SME (Small and Medium Enterprises) platform to the BSE Main Board on December 26, 2025, marking a significant corporate development for the electrical equipment manufacturer.

Formal Migration Application Submitted

The company has made the application to BSE Limited for migration of its equity shares from the SME Platform to the Main Board, as communicated through an official intimation to the exchange. The application has been submitted pursuant to the applicable provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Compliance and Documentation

The migration application has been duly submitted along with all requisite documents and information as prescribed under the applicable regulations. The company has ensured compliance with SEBI's regulatory framework governing such corporate actions, demonstrating its commitment to meeting enhanced disclosure and governance standards.

Strategic Corporate Development

The migration represents a major milestone in RMC Switchgears' corporate journey. Moving from the SME platform to the main board typically indicates substantial growth in financial performance, market capitalization, and operational scale. The company operates in the capital goods sector, specifically focusing on electrical equipment manufacturing.

Market Benefits and Implications

The successful migration to the main board would provide several strategic advantages including enhanced visibility among institutional investors, improved liquidity and trading volumes, access to a broader investor base, and strengthened corporate credibility. The migration process involves regulatory scrutiny and compliance verification to ensure the company meets minimum market capitalization thresholds, trading history requirements, and enhanced corporate governance standards.