RMC Switchgears Ltd

Pledge release on IHSPL shares

• Pledge over RMC's shares in Intelligent Hydel Solutions Private Limited released/terminated.
• Pledge was created under a Loan-cum-Share Pledge Agreement approved by the Board on March 31, 2026.
• Extinguished with effect from August 20, 2026; in favor of Saatvik Cleantech EPC Private Limited.
• No material impact on the company's financial, operational, or managerial affairs.

Order details

• LOA from Anand Transformers Private Limited for Transformer Distribution Box turnkey project (Phase III).
• Contract value ₹1,88,52,000.
• Nature: Transformer Distribution Box turnkey contract for new service connection with potential infrastructure extension.
• Warranty 18 months from delivery; aggregate defect liability not exceeding 60 months.
• Domestic awarding entity.
• Not a related-party transaction; no promoter group interest.
• Expected impact: strengthens order book and supports revenue growth.

AGM details

• 32nd AGM scheduled for 19 September 2026 at 12:00 PM IST via VC/OAVM.

Key resolutions

• Increase in authorised share capital proposed; MOA alteration; subject to AGM approval (special).
• Loans/guarantees to subsidiaries up to aggregate limit; subject to shareholders' approval (special).
• Material related party transactions with subsidiaries proposed; to be approved by shareholders (special).
• Grant of ESOS options under ESOS 2024 to employees.

Other material approvals

• JV formation with Continental Petroleum Limited for tender participation.

Voting results

• Voting outcomes for all resolutions not disclosed in the filing.

Order details

• Awarding entity: MAHAVITRAN – Maharashtra State Electricity Distribution Co. Ltd
• Scope: design, manufacture, supply, transport, installation, testing, commissioning of SPWPS (3/5/7.5 HP) with RMS
• Contract value: ₹23,63,74,211
• Execution period: 5 years
• Contract type: Domestic empanelment and Rate Contract
• Warranty and maintenance for 5 years under PM Kusum and Magel Tyala Saur Krushi Pump Yojna
• No promoter interest; no related party transaction
• Impact: strengthens order book and revenue growth prospects

Dematerialisation/rematerialisation status

• Dematerialisation requests for 30 June 2026 were confirmed to depositories (accepted/rejected) by MUFG Intime India Private Limited.
• Securities dematerialised were listed on the exchanges where the earlier issued securities are listed.
• Physical certificates dematerialised were mutilated and cancelled after verification; depository name substituted as registered owner within prescribed timelines.

FY26 results

• Consolidated revenue rose 26.4% year-on-year to ₹401.59 crore in FY26.
• FY26 EBITDA was ₹47.10 crore, down 10.0% year-on-year.
• FY26 profit after tax was ₹22.45 crore, down 27.3% year-on-year.
• FY26 gross margin fell to 23.67% from 29.68%.

Q4 FY26 turnaround

• Q4 FY26 revenue was ₹142.94 crore, down 13.7% year-on-year.
• Q4 FY26 EBITDA increased 5.8% year-on-year to ₹17.63 crore.
• Q4 FY26 profit after tax was ₹9.30 crore.
• The company moved from a ₹7.07 crore Q3 FY26 loss to Q4 profit.

Business outlook

• Management cited a healthy order pipeline and cost optimisation initiatives.
• The company expects opportunities from power modernisation, smart metering, renewable energy and infrastructure capex.