RMC Switchgears Limited , a company listed on the BSE, has made two significant announcements that have caught the attention of investors and market watchers.

Rejection of Unauthorized Credit Rating

RMC Switchgears has formally rejected a credit rating published by CARE Ratings Limited on November 12, 2025. The company stated that this rating was issued without their mandate, consent, or engagement. In a communication to the BSE, RMC Switchgears emphasized several key points:

• CARE Ratings was never appointed or authorized to conduct any credit rating for the company.
• No documents, financial information, or management interaction was provided to CARE for any rating exercise.
• The company was neither consulted nor informed prior to the issuance of the rating.
• RMC Switchgears considers the rating unilateral, unsolicited, and lacking validity under company governance and credit rating protocols.
• The company's debt profile is reported to be fully regular, with all banking facilities in good standing, showing no overdue amounts or stress indicators.

RMC Switchgears has requested CARE to immediately withdraw the rating and discontinue future rating publications without written consent. The company has advised investors, lenders, shareholders, and market participants not to rely on this unauthorized rating.

Key Board Meeting Outcomes

In a separate announcement, RMC Switchgears disclosed the outcomes of its board meeting held on November 13, 2025. The board has approved several significant proposals, subject to shareholder approval:

Additionally, the board has:

• Approved the draft Notice of Postal Ballot and Calendar of Events for seeking shareholder approval on these matters.
• Appointed Mr. Manoj Maheshwari as the Scrutinizer for the Postal Ballot process, with Ms. Priyanka Agarwal as the Alternate Scrutinizer.

The company also announced that the 'Trading Window' for trading in the company's shares will be open from November 16, 2025, for all Directors, KMPs, Promoters, Designated Persons, and their immediate relatives.

These developments highlight RMC Switchgears' proactive approach in addressing unauthorized ratings and its strategic plans for future financial activities, pending shareholder approval.

RMC Switchgears Limited , a company operating in switchgear engineering and EPC contracts for power distribution and transmission sectors, has reported its financial results for the half-year ended September 30, 2025.

Financial Highlights

The company's standalone financial results show a significant downturn:

Operational Performance

RMC Switchgears has experienced a significant decline in its operational performance. The revenue from operations decreased to Rs 19.51 crores from Rs 105.21 crores in the previous year, representing a substantial drop of 81.45%.

Profitability

The company's profitability has been severely impacted:

• A net loss of Rs 19.48 crores was reported, compared to a profit of Rs 10.25 crores in the same period last year.
• Total expenses increased to Rs 169.53 crores from Rs 99.01 crores, a rise of 71.22%.

Consolidated Results

On a consolidated basis, the company posted a net profit of Rs 19.87 crores compared to Rs 10.29 crores in the corresponding period. This presents a contrasting picture to the standalone results.

Board Approval

The Board of Directors approved these unaudited standalone and consolidated financial results at their meeting held on November 4, 2025.

Conclusion

The financial results for RMC Switchgears reflect a challenging period for the company's standalone operations, with a significant decrease in revenue and a shift from profit to loss. However, the consolidated results show a positive net profit, indicating potential variations in performance across the company's different entities or operations. These results underscore the current difficulties faced by the company in its core switchgear engineering and EPC contract businesses for the power sector.