RMC Switchgears Promoter Ankit Agrawal Increases Stake to 17.72% Through Off-Market Purchase

RMC Switchgears Limited has filed a regulatory disclosure with BSE Limited regarding insider trading activities by a designated person under SEBI (Prohibition of Insider Trading) Regulations, 2015. The disclosure reveals significant share acquisition by promoter Ankit Agrawal, demonstrating increased confidence in the company's prospects. Promoter Share Acquisition Details Ankit Agrawal, a promoter of RMC Switchgears Limited, executed a substantial off-market purchase of equity shares between January 28, 2026, and February 19, 2026. The transaction details show a strategic increase in his shareholding position. Parameter: Details Shares Acquired: 845700 equity shares Transaction Value: 7509 Transaction Period: January 28, 2026 to February 19, 2026 Mode of Acquisition: Off-market Transaction Type: Buy Shareholding Pattern Changes The acquisition resulted in a significant change in Agrawal's shareholding pattern, nearly doubling his stake in the company. This represents one of the substantial promoter investments in recent regulatory filings. Shareholding Details: Before Acquisition After Acquisition Change Number of Shares: 1024445 1870145 +845700 Percentage Holding: 9.71% 17.72% +8.01% Regulatory Compliance and Documentation The disclosure was filed pursuant to Regulation 7(2)(b) of SEBI (Prohibition of Insider Trading) Regulations, 2015. Company Secretary and Compliance Officer Shivani Bairathi submitted the required documentation to BSE Limited on February 20, 2026. Key regulatory aspects include: Filing Date: February 20, 2026 Regulation: SEBI PIT Regulations 2015, Regulation 7(2) Form Used: Form C for continual disclosure BSE Scrip Code: 540358 Company Symbol: RMC Company Information RMC Switchgears Limited operates with ISIN INE655V01019 and is listed on BSE with scrip code 540358. The company is headquartered at B-11, (B&C), Malviya Industrial Area, Jaipur-302017, Rajasthan. The promoter Ankit Agrawal is based in Jaipur and holds PAN number ADNPA3441K. This significant increase in promoter shareholding from 9.71% to 17.72% demonstrates strong internal confidence in the company's future performance and strategic direction. The off-market nature of the transaction suggests a planned acquisition strategy rather than opportunistic market buying. RMC Switchgears Limited has announced the completion of an inter-se transfer of equity shares among its promoter group members, involving the transfer of 8,45,700 shares representing 8.02% of the company's total share capital. The transaction was executed on February 19, 2026, as an off-market transfer between family members within the promoter group. Transaction Details The share transfer involved Ankit Agrawal, son of promoter Shri Ashok Kumar Agarwal, acquiring shares from two entities within the promoter group through gift transfers. The transaction structure is detailed below: Transferor/Donor Transferee/Donee Shares Transferred Percentage Vitthal Das Agrawal HUF Ankit Agrawal 7,50,900 7.12% Vitthal Das Agarwal Ankit Agrawal 94,800 0.90% Total 8,45,700 8.02% The transaction was completed at a total consideration of ₹7,509, representing a gift transfer within the family of promoter and promoter group members. Regulatory Compliance The inter-se transfer falls within the exemption provided under Regulation 10(1)(a)(ii) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This exemption applies as the transaction involves immediate relatives within the promoter and promoter group. The company had previously filed the required disclosure under Regulation 10(5) on January 28, 2026, followed by the completion report under Regulation 10(6) on February 19, 2026. All regulatory timelines were adhered to during the process. Shareholding Impact The transaction resulted in significant changes to individual shareholding patterns within the promoter group, while maintaining the overall promoter group holding unchanged: Entity Pre-Transaction Holdings Post-Transaction Holdings Shares | % Shares | % Ankit Agrawal 10,24,445 | 9.71% 18,70,145 | 17.72% Vitthal Das Agrawal HUF 7,50,900 | 7.12% 0 | 0% Vitthal Das Agarwal 94,800 | 0.90% 0 | 0% Company Information RMC Switchgears Limited is listed on BSE Limited with scrip code 540358 and symbol RMC. The company's registered office is located at Khasra No.-163,164, Village-Badodiya, Tehsil-Kotkhawda, Jaipur, Rajasthan. The transaction documentation was signed by Shivani Bairathi, Compliance Officer & Company Secretary, and Ankit Agrawal, the acquiring promoter. The completion of this inter-se transfer demonstrates the company's adherence to regulatory requirements while facilitating internal restructuring within the promoter group family members. 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