RMC Switchgears Limited, through its latest corporate notice dated April 23, 2026, informed the stock exchanges about key decisions taken during its Board of Directors meeting. The meeting, held via video conferencing, primarily focused on administrative approvals required for shareholder voting via postal ballot. Notably, the company is seeking to regularize the appointment of an Independent Director and has appointed a scrutinizer to oversee the voting process.

The board approved the draft Notice of Postal Ballot to seek member approval for regularizing Mrs. Manisha Godara (DIN: 08116113) as an Independent Director of the company. To facilitate this process, Mrs. Megha Khandelwal, a Practicing Company Secretary, was appointed as the Scrutinizer. Furthermore, the company noted that its trading window remains closed until 48 hours after the declaration of the audited financial results for the quarter and year ended March 31, 2026.

Established in 1994, RMC Switchgears Limited is a prominent Indian manufacturer specializing in electrical infrastructure and protection solutions. Its core business includes producing smart meter enclosures, FRP fencing, and feeder pillars, aimed at preventing electricity theft and ensuring safety. In 2025, the company made significant strides in the renewable energy sector, securing a Letter of Award (LOA) for 5,000 solar pumps in Maharashtra valued at ₹900 million and planning a 1 GW solar module manufacturing plant with an estimated capex of ₹1 billion. As of December 31, 2025, the company maintained a robust unexecuted order book of ₹571.63 crore.

For the financial year ended March 31, 2025, the company reported a total revenue of ₹316.30 Crore, representing a substantial growth compared to ₹172.63 Crore in the previous year. Net profit for the same period stood at ₹31.41 Crore, more than doubling from ₹14.89 Crore in March 2024. In 2025, foreign institutional investors (FII) held a 5.05% stake in the company as of March, which adjusted to 2.70% by December. The promoter holding remained stable at approximately 52% throughout the year.