RMC Switchgears Limited has issued a regulatory clarification to address potential confusion arising from a recent promoter-level acquisition transaction. The clarification, dated February 14, 2026, was submitted to BSE Limited in response to a disclosure made by Saatvik Green Energy Limited on February 12, 2026, regarding the acquisition of equity stake in Intelligent Hydel Solutions Private Limited.

Transaction Details and Clarification

The company has clarified that the referenced transaction pertains solely to the promoters of RMC Switchgears Limited acting in their individual capacity. This distinction is crucial as it separates personal investments by promoters from corporate-level transactions that would directly impact the listed company's holdings.

Company's Shareholding Position Unchanged

RMC Switchgears Limited has emphasized that its corporate shareholding in Intelligent Hydel Solutions Private Limited remains unaffected by this promoter-level transaction. The company continues to maintain its majority stake and controlling position in the subsidiary.

Regulatory Compliance and Transparency

The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Company Secretary and Compliance Officer Shivani Bairathi signed the clarification on behalf of RMC Switchgears Limited. The company stated that this disclosure was made in the interest of transparency and to prevent any misinterpretation that might arise from the exchange intimation regarding Saatvik Green Energy's acquisition.

Key Takeaways

The clarification serves several important purposes:

• Distinguishes between promoter-level and corporate-level transactions
• Confirms RMC Switchgears' continued majority control in Intelligent Hydel Solutions
• Maintains transparency with stakeholders and regulatory authorities
• Prevents potential market confusion regarding the company's strategic holdings

This regulatory filing demonstrates RMC Switchgears' commitment to maintaining clear communication with investors and ensuring compliance with disclosure requirements, particularly when promoter activities might be misconstrued as affecting the listed company's business operations or strategic investments.

RMC Switchgears Limited has achieved significant progress in its mainboard migration journey, first receiving in-principle approval from BSE Limited to migrate from the BSE SME Platform to BSE Mainboard, and now submitting an application to NSE Limited for migration to NSE Mainboard. These developments mark important steps in the company's growth trajectory and enhanced market accessibility.

BSE Mainboard Approval Details

The BSE approval was formally communicated through BSE letter reference no. LO/MG/PJ/IP/696/2025-26 dated February 5, 2026. The decision was made by the Internal Regulatory Oversight and Review Group of the Exchange following the company's application submitted on December 26, 2025.

NSE Mainboard Application

In the latest development, RMC Switchgears has submitted an application to NSE Limited for migration from BSE SME Platform to NSE Mainboard on February 12, 2026. The application was formally communicated to BSE Limited on February 13, 2026, as per regulatory requirements under SEBI LODR Regulations 2015.

Regulatory Compliance and Documentation

The NSE application has been submitted along with all requisite documents and information as prescribed under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For the BSE migration, the company must complete several mandatory requirements including listing agreement, information memorandum, and updated financials.

Financial Obligations for BSE Migration

The company is required to pay specific fees to complete the BSE migration process:

Current Status and Strategic Direction

With dual applications now in progress, RMC Switchgears is positioning itself for enhanced market presence across both major Indian stock exchanges. The company continues to process final listing formalities as prescribed by the respective exchanges, keeping stakeholders informed about developments in both migration processes.