Outcome of Postal Ballot
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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RMC Switchgears Limited conducted a Postal Ballot via remote e-voting from November 15 to December 14, 2025, in which all three resolutions were passed by shareholders. Resolution 1 (Special): Board authorized under Section 186 to make investments, give loans, or provide guarantees up to Rs. 800 Crores — passed with 99.40% in favour. Resolution 2 (Special): Approval to grant loans/guarantees and provide security to subsidiary companies under Section 185 — passed with 99.36% in favour (promoters declared as interested). Resolution 3 (Ordinary): Approval of material Related Party Transactions with subsidiaries — passed with 99.58% in favour (promoters declared as interested). Voting was conducted electronically through CDSL and scrutinized by V.M. & Associates (CS Manoj Maheshwari).
The Rs. 800 Crore borrowing/investment headroom under Section 186 gives the Board significant financial flexibility for future expansion or lending to subsidiaries. Approval of related-party transactions with subsidiaries enables operational funding support, though promoters had to abstain/vote indicating a conflict of interest — shareholders should monitor how these powers are ultimately used.