disclosure under 29(2) of SEBI(SAST) REGULATIONS, 2011 from- VITTHAL DAS AGRAWAL HUF
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RMC Switchgears promoter-group member Vitthal Das Agrawal HUF has transferred 7,50,900 equity shares (7.12% of the company) to Mr. Ankit Agarwal, who is also part of the promoter group, on January 28, 2026. After this transfer, Vitthal Das Agrawal HUF's holding has gone to zero, while the disclosed promoter group aggregate holding stands at 32.89% (34,70,510 shares) of the company. The total share capital of the company is Rs. 10.55 crore (1,05,51,800 equity shares of Rs. 10 each). This is essentially a reshuffling of shares within the promoter family and is not a market sale. The equity share capital of the company remains unchanged before and after the transaction.
No real change in promoter economic interest since shares have moved within the promoter family, so this is neutral for shareholders. However, the post-transfer aggregate promoter group holding is now reported at 32.89%, which is well below the 50% threshold, indicating the promoter group does not have majority control.