RMC Switchgears board to meet on August 30 for fundraising, AGM approval

RMC Switchgears Ltd. announced that its board of directors will convene on August 30, 2025. The primary agenda includes considering and approving the convening of the company's 31st Annual General Meeting (AGM), reviewing the draft AGM notice, determining the mode of conducting the meeting, and establishing the book closure period and cut-off date for voting.

A key focus of the meeting will be the consideration of various fund-raising options. The company aims to raise funds in one or more tranches through methods such as public issues, rights issues, debt issues, preferential allotments, private placements, and qualified institutional placements (QIPs), among others. These actions are contingent upon shareholder approval and compliance with applicable laws.

In adherence to SEBI (Prohibition of Insider Trading) Regulations, 2015, the "Trading Window" for designated persons and their immediate relatives closed on Wednesday, August 27, 2025. It will remain closed until 48 hours after the conclusion of the board meeting, ensuring compliance and preventing insider trading.