Disclosure under Regulation 7(2)(b) of SEBI PIT regulations, 2015
RMC · price
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Ankit Agrawal, a promoter of RMC Switchgears Limited, purchased 8,45,700 equity shares through an off-market transaction on 28 January 2026. His shareholding in the company increased sharply from 9.71% (10,24,445 shares) to 17.72% (18,70,145 shares), nearly doubling his stake. The transaction value mentioned in the disclosure is Rs 7,509, suggesting the shares were acquired from a related party at a nominal or pre-agreed price. The disclosure was made to the company on 19 February 2026 and filed with BSE on 20 February 2026 under SEBI's insider trading regulations.
A significant jump in promoter holding is generally seen as a confidence signal, but the off-market nature and nominal value suggest this was an inter-se transfer among promoter-group entities rather than an open-market purchase, so it may have limited direct impact on the stock price.