RMC Switchgears Approves Financial Results for Q1 FY27; Announces Capital Increase to Rs 20 Crores
RMC Switchgears Limited announced the approval of its Unaudited Standalone and Consolidated Financial Results for the quarter ending June 30, 2026. The company's Board of Directors reviewed these results alongside several major corporate actions, including a significant increase in authorized share capital and proposals for strategic joint venture participation.The Board meeting, held on August 12, 2026, addressed the financial performance of the group, approved the Director's Report for the financial year ended March 31, 2026, and set forth key governance decisions regarding company structure and future investments.
Financial Performance Highlights (Quarter Ended June 30, 2026)
The results presented reflect the performance of RMC Switchgears Limited and its subsidiaries. Key metrics from the Unaudited Consolidated Financial Results are detailed below:| Particulars | Q ended June 30, 2026 (Unaudited) | March 31, 2026 (Audited) | June 30, 2025 (Unaudited) |
|---|---|---|---|
| Total Income | 3,768.89 | 14,358.85 | 8,475.79 |
| Total Expenses | 3,490.62 | 10,032.00 | 7,930.46 |
| Profit before tax | 278.27 | 545.31 | 3,037.03 |
| Profit after tax attributable to equity shareholders | 208.23 | 926.54 | 408.03 |
For the standalone segment, the results showed a different trend compared to the consolidated figures:
| Particulars | Q ended June 30, 2026 (Unaudited) | March 31, 2026 (Audited) | June 30, 2025 (Unaudited) |
|---|---|---|---|
| Total Income | 3,227.19 | 9,152.52 | 7,610.40 |
| Total Expenses | 3,074.07 | 8,600.72 | 7,272.88 |
| Profit before tax | 153.12 | 551.80 | 337.52 |
| Profit after tax | 114.58 | 379.80 | 252.57 |
Strategic Corporate Actions
During the board meeting, RMC Switchgears Limited took several material corporate decisions:- Capital Increase: The company approved increasing its Authorized Share Capital from the existing Rs 15,00,00,000 (Fifteen Crores) equity shares of Rs 10 each to Rs 20,00,00,000 (Twenty Crores), which will be divided into 2,00,00,000 equity shares of Rs 10 each. This change is subject to shareholder approval at the Annual General Meeting.
- Financing and Transactions: The board considered and approved granting loans, giving guarantees to subsidiaries, and providing security for any loan taken by subsidiary companies, up to an aggregate amount not exceeding ₹500 crores (Rupees Five Hundred Crores only). Additionally, proposed material related party transactions with subsidiary companies were considered and recommended for shareholder approval.
- Joint Venture: The board approved a proposal for the formation of a Joint Venture with Continental Petroleum Limited to participate in a tender process.
- Employee Stock Options: The company approved the grant of 1,500 stock options to eligible employees under the RMC Switchgears limited Employees Stock Option Scheme, 2024 (ESOS 2024).
The board also convened the notice for the 32nd Annual General Meeting scheduled for Saturday, September 19, 2026, at 12:00 PM IST via Video Conferencing.
Governance and Reporting Updates
The company’s statutory auditor, M/s Rakesh Ashok & Co., issued a Limited Review Report on the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The report confirmed that the statements, prepared as per Ind AS 34 ("Interim Financial Reporting"), did not contain material misstatements relevant to the disclosure requirements.In addition to the results approval, the board approved the appointment of Mr Manoj Maheshwari and Mrs Sunita Manish Agarwal as Scrutinizers for scrutinizing e-voting during the AGM.
Following these approvals, the company confirmed that a 'Trading Window' will open after 48 hours of the financial results declaration for all Directors, Promoters, Connected Persons, Designated Persons, and their immediate relatives.
RMC Stock Price Movement
RMC Switchgears Limited shares surged on Wednesday, gaining 7.70% to close at ₹302.2 after robust trading action during the session. The stock saw significant activity as 232,604 shares were traded during the day.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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