In prinicipalapproval of NSE for migration received
RMC · price
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RMC Switchgears Ltd has received in-principle approval from the National Stock Exchange (NSE) on March 17, 2026, to migrate its 1,05,76,850 equity shares (of Rs. 10 each) from the BSE SME Platform to NSE's Capital Market Segment (Main Board). The company had earlier received a similar in-principle approval from BSE on February 6, 2026. This is a key step but not the final approval — the company still needs to submit a listing application and equity listing agreement to NSE for final approval. The NSE in-principle approval is valid for 45 days from the date of issuance.
This is a positive development for shareholders as migration to the Main Board typically brings greater visibility, higher liquidity, and access to a broader investor base. However, trading on the Main Board is not yet effective — the final approval and effective date are still pending, so no immediate trading impact applies.