RMC Switchgears promoter increases stake through open market purchase

Ashok Kumar Agarwal, chairman and managing director and promoter of RMC Switchgears Limited, acquired 2,000 equity shares of the company on November 28, 2025. This transaction was executed through an on-market purchase on BSE Limited. The disclosure was made on November 29, 2025, in compliance with Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

Prior to this acquisition, Agarwal held 239,223 equity shares, representing 22.67% of the company's total equity. Following the purchase, his total holding increased to 239,423 equity shares, raising his stake to 22.69%. The value of the transaction for the 2,000 shares was INR 996,000.

This open market acquisition by a key promoter signals a continued commitment to the company. The transaction details were formally communicated to BSE Limited by Shivani Bairathi, compliance officer and company secretary of RMC Switchgears Limited.