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.

RMC Switchgears Limited has successfully commissioned 8.8 MWac capacity of MAHAGENCO's 46 MWac solar EPC project in Ahmednagar district. The commissioned capacity represents ₹38.49 crores out of the total project value of ₹153.98 crores and is being executed under a complete turnkey EPC contract.

Project Financial Breakdown

The company disclosed the financial details of the solar project execution in its latest regulatory filing.

Strategic Impact and Rural Development

Located in a predominantly rural region, the project is expected to enhance power supply stability and reliability for farmers, small businesses, and local households. When fully operational, the plant will support Maharashtra's renewable energy expansion while improving irrigation reliability and reducing dependence on diesel pumps.

The project represents an important step towards sustainable development in Ahmednagar, providing long-term environmental benefits, supporting agricultural productivity, and strengthening the local energy ecosystem.

Technical Excellence and Execution

The 8.8 MWac commissioning showcases RMC's engineering capability, construction quality, and disciplined execution practices. The project includes advanced crystalline solar PV modules, robust electrical systems, and efficient infrastructure planning aligned with MAHAGENCO specifications.

Ankit Agrawal, CEO and Whole-Time Director of RMC Switchgears Limited, commented on the achievement: "Achieving the 8.8 MWac commissioning milestone in the MAHAGENCO solar project demonstrates our commitment to timely and high-quality execution. This progress reflects our team's technical capability and disciplined approach to project delivery."

Project Timeline and Completion

The balance project work is progressing as per plan, with the company remaining confident of completing the full 46 MWac capacity within the current financial year. This timeline demonstrates RMC's commitment to delivering large-scale renewable energy projects within stipulated deadlines and strengthens its position as a reliable partner for solar installations in Maharashtra.