Board approves rights issue of up to ₹ 30 crore to eligible shareholders

Board of RMC Switchgears Ltd met on 09 October 2026 and approved a rights issue.

Fri 9 Oct 2026

Issue Size

not exceeding ₹ 30 crore

Face Value

₹ 10 each

Record Date

To be determined and notified later

The Board of the Company met on 09 October 2026 and approved a plan to raise money from its existing shareholders.

What the Board approved

• Issuance of fully paid-up equity shares of face value ₹ 10 each, called the "Rights Equity Shares"
• Amount: not exceeding ₹ 30 crore (Rupees Thirty Crore)
• Route: by way of a rights issue to the eligible equity shareholders of the Company
• The shares go to shareholders as on the record date, which is to be determined and notified subsequently
• The approval is subject to such regulatory and statutory approvals as may be required under applicable laws

What a rights issue means

A rights issue offers new shares first to people who already hold shares, usually in proportion to their existing holding. That is why the Company describes the recipients as "eligible equity shareholders" as on the record date.

The terms still to be set

• Issue price
• Rights entitlement ratio
• Record date
• Timing of the rights issue
• Terms of payment

These will be decided by the Board and disclosed to the exchanges in due course.

Annexure-1 disclosures

• Type of securities proposed to be issued: Equity Shares
• Type of issuance: Rights issue in accordance with Chapter III of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018
• Total amount proposed to be issued: not exceeding ₹ 30 crore

How to read the size figure

The ₹ 30 crore is the maximum total amount the Company proposes to raise through the issue. It is not the price of one share. The price at which each Rights Equity Share will be offered is one of the terms the Board will decide later.

What a shareholder may watch for next

• The record date, which decides who is eligible to participate
• The issue price and the rights entitlement ratio, which together show how many new shares a holder is entitled to and at what price
• The timing and payment terms, once notified

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