Appointment of Mr. Anil Jain as an Additional Non- Executive Independent Director for the period of 3 years effective from 20th May, 2025 subject to Shareholder''s approval
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RMC Switchgears Ltd's board, at its May 20, 2025 meeting, approved audited standalone and consolidated financial results for the half-year and full year ended March 31, 2025. Standalone revenue from operations (net of GST) jumped about 83% YoY to Rs. 31,630.49 lakhs, while profit after tax more than doubled to Rs. 3,140.79 lakhs from Rs. 1,488.74 lakhs in FY24, lifting basic EPS to Rs. 30.25 versus Rs. 14.44. Total assets stood at Rs. 26,850.79 lakhs with reserves at Rs. 9,638.91 lakhs, supported by a preferential share allotment of 218,500 shares at Rs. 687 each in December 2024. The board appointed Mr. Anil Jain, a veteran power-sector professional with 43+ years' experience at NTPC, POWERGRID and Delhi Electricity Regulatory Commission, as an Additional Non-Executive Independent Director for 3 years, subject to shareholder approval. M/s Deepak Mittal & Company were named Cost Auditors and Mr. Chirag Khandelwal as Internal Auditor for FY25-26, and board committees were reconstituted.
Profit doubling and strong revenue growth signal solid operational momentum for the switchgear and power EPC business, likely to be viewed positively by shareholders. The addition of a highly experienced power-sector independent director may strengthen board oversight and strategic guidance, subject to shareholder approval.