RMC Switchgears Ltd — Important, 30-05-2026: Company Update

RMC Switchgears has confirmed that funds raised through its Preferential Issue have been fully utilized without any deviation from the stated objects. The company raised 15.01 Crores via a private placement of 218,500 equity shares at 687 per share. These proceeds were intended for general corporate purposes and investments in its subsidiary companies, RMC Green Energy Private Limited and RMC Solar Park Private Limited. This utilization has been reviewed and noted by the Audit Committee and Board, signaling transparent and disciplined capital deployment.