Announcement under Regulation 30 (LODR)- Press Release w.r.t. RMC Switchgears Limited is recognised in Forbes Asia''s Best Under a Billion 2025
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RMC Switchgears Ltd has been featured in Forbes Asia's Best Under a Billion 2025 list, which recognises 200 top-performing publicly listed Asia-Pacific companies with annual revenues between USD 10 million and USD 1 billion. The list was compiled from over 19,000 companies and is based on composite scores covering debt levels, sales and EPS growth (1-year and 3-year), ROE (1-year and 5-year averages), alongside qualitative filters like governance and environmental standards. The Jaipur-based company, which began in 1994 as RFH Metal Castings, manufactures electrical and smart meter enclosures and supports India's Revamped Distribution Sector Scheme (RDSS). RMC highlighted its plans to participate in the ₹9 trillion planned transmission sector investments via EPC, expand into solar EPC and renewable energy, set up a 1 GW solar module manufacturing plant, and enter water management infrastructure with IoT-based solutions.
This is a positive reputational milestone that boosts brand visibility and may strengthen investor sentiment, but it is a soft/PR event with no direct impact on financials, order book, or near-term stock price catalysts.