Disclosure under Regulation 29(1) & 29(2) of the SEBI (SAST) REGULATIONS , 2011- Ankit Agrawal
RMC · price
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Ankit Agrawal, a promoter of RMC Switchgears Limited, acquired 8,45,700 equity shares (8.02% of paid-up capital) on January 28, 2026, through an off-market inter-se transfer within the promoter group without any consideration (as a gift). The shares were received from Vitthal Das Agarwal HUF (7,50,900 shares, 7.12%) and Vitthal Das Agarwal (94,800 shares, 0.90%), both members of the promoter group. As a result, Ankit Agrawal's individual holding rose from 9.71% to 17.72%, while the combined promoter group holding now stands at 52.09% of the company's share capital. This is a regulatory disclosure under SEBI (SAST) Regulations 2011 and involves no change in the overall promoter group shareholding.
Since this is an internal reshuffle of shares among promoter family members (a gift transfer with no consideration), there is no impact on the stock price or minority shareholders. The total promoter group ownership remains essentially the same, meaning control of the company is unaffected.