RMC Switchgears Confirms Postal Ballot Results with ₹800 Crore Authorization
RMC Switchgears has confirmed the successful completion of its postal ballot process with all three resolutions receiving overwhelming shareholder approval. The key approvals include board authorization for ₹800 crores under Section 186, subsidiary support under Section 185, and material related party transactions, providing the company with significant financial flexibility for future growth and subsidiary operations.
*this image is generated using AI for illustrative purposes only.
RMC Switchgears Limited has officially announced the results of its postal ballot process, with all three proposed resolutions receiving overwhelming shareholder approval. The company submitted the voting results and scrutinizer's report to BSE on December 16, 2025, confirming the successful completion of the corporate governance process.
Official Postal Ballot Results
The postal ballot process concluded on December 14, 2025, with scrutinizer Mr. Manoj Maheshwari of V.M. Associates Company Secretaries overseeing the voting process. All resolutions were passed with requisite majority through remote e-voting conducted via Central Depository Services (India) Limited (CDSL).
| Resolution Details | Type | Votes in Favour | Status |
|---|---|---|---|
| Board authorization under Section 186 for ₹800 crores | Special Resolution | 99.40% | Passed |
| Loans and guarantees to subsidiaries under Section 185 | Special Resolution | 99.36% | Passed |
| Material related party transactions with subsidiaries | Ordinary Resolution | 99.58% | Passed |
Voting Process and Participation
The e-voting period commenced on November 15, 2025, at 9:00 AM and concluded on December 14, 2025, at 5:00 PM. A total of 18 shareholders representing 3,31,250 shares participated in the voting process out of the company's total 1,05,51,800 shares.
| Voting Parameters | Details |
|---|---|
| Total Shareholders | 4,660 |
| Cut-off Date | November 7, 2025 |
| Notice Dispatch Date | November 14, 2025 |
| E-voting Service Provider | CDSL |
| Participating Shareholders | 18 |
| Shares Voted | 3,31,250 |
The company dispatched postal ballot notices via email to 4,529 shareholders who had registered their email IDs with the company or depositories. An advertisement was published on November 15, 2025, in Business Standard (English and Hindi editions) informing shareholders about the completion of notice dispatch.
Board Authorizations Approved
The approved resolutions provide the company with significant financial flexibility for future operations and subsidiary support:
| Authorization Type | Amount | Purpose |
|---|---|---|
| Loans, Guarantees, and Investments | Up to ₹800.00 crores | General corporate purposes under Section 186 |
| Subsidiary Support | Under Section 185 | Loans, guarantees, and securities for subsidiary companies |
| Related Party Transactions | Material transactions | Transactions with subsidiary companies |
The board meeting held on November 13, 2025, had initially approved these proposals subject to shareholder approval, which has now been successfully obtained.
Regulatory Compliance and Documentation
The scrutinizer's report, prepared by CS Manoj Maheshwari (Membership No. FCS3355), confirmed that all voting procedures were conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and relevant SEBI regulations. The report was digitally signed and submitted to ensure complete regulatory compliance.
These approvals position RMC Switchgears for enhanced financial flexibility and strategic growth initiatives, particularly in supporting subsidiary operations and pursuing expansion opportunities in the electrical equipment sector.
Historical Stock Returns for RMC Switchgears
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.52% | -3.20% | -19.93% | -48.47% | -29.30% | +2,309.38% |
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