RMC Switchgears Allots 5,020 Equity Shares Under Employee Stock Option Scheme
RMC Switchgears Ltd announced that its Nomination and Remuneration Committee of the Board of Directors approved the allotment of equity shares to employees. The allotment is executed under the parameters of the Employee Stock Option Scheme 2024.The Committee, in its meeting held on May 8, 2026, sanctioned the allotment of 5,020 equity shares, each having a Face Value of Rs. 10/-. This transaction represents the exercise of existing stock options granted under the scheme.
The allotment of these shares will result in an increase in the company's paid-up equity share capital.
The change in the company's paid-up equity share capital is detailed as follows:
| Metric | Previous Capital | Allotment | New Capital |
|---|---|---|---|
| Paid-up Equity Share Capital | Rs. 10,57,68,500 | 5,020 shares | Rs. 10,58,18,700 |
Following the allotment, the paid-up equity share capital of RMC Switchgears Ltd is projected to increase from Rs. 10,57,68,500 to Rs. 10,58,18,700.
RMC Stock Price Movement
As of 10:54 AM, RMC Switchgears Limited shares are shedding ₹9.55, dropping 2.07% in live trading to trade at ₹452. Trading remains active, with 3,038 shares passing through the market so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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