Disclosure under regulation 29(2) of SEBI SAST REGULATIONS ,2011- VITTHAL DAS AGARWAL
RMC · price
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Vitthal Das Agarwal, a member of the promoter group of RMC Switchgears Ltd, has transferred 94,800 equity shares (0.90% of total share capital) to Mr. Ankit Agrawal, his grandson and a promoter of the company, via an off-market inter-se transfer by way of gift on 28 January 2026. After this transfer, Vitthal Das Agarwal holds zero shares in the company. The total promoter group holding (including persons acting in concert) stood at 33.79% before the transfer and 32.89% after. The disclosure has been filed under Regulation 29(2) of SEBI (SAST) Regulations, 2011, and the shares are listed on the SME platform of BSE (Scrip Code: 540358).
This is an internal reshuffling within the promoter family and not a market transaction, so it should not materially affect the stock price. Shareholders should note that the overall promoter group holding has slightly decreased from 33.79% to 32.89% of the company, and the transfer consolidates shares in the hands of the next-generation promoter (grandson).