RMC Switchgears Ltd — Important, 19-02-2026: Company Update

RMC Switchgears reported an internal realignment of shareholdings within its promoter group. Ankit Agrawal acquired 8,45,700 equity shares, representing 8.02% of the company, from Vitthal Das Agarwal HUF and Vitthal Das Agarwal via an off-market gift. This transaction solely reallocates shares among promoter family members. Critically, the aggregate holding of the entire promoter and promoter group remains unchanged before and after this transfer. For shareholders, this means no shift in overall promoter control, though Ankit Agrawal's individual stake increased from 9.71% to 17.72%.