Outcome of the Board Meeting held on 30.08.2025
RMC · price
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The Board of RMC Switchgears accepted the resignation of Mr. Chirag Khandelwal as Internal Auditor effective 20th August 2025 and appointed M/s DLS & Associates LLP, a Jaipur-based Chartered Accountant firm (FRN 18881C/C400023), as the new Internal Auditor for FY 2025-26. The Board also approved the appointment of Mr. Anil Jain (DIN: 07575312), a veteran power sector professional with over 43 years of experience at NTPC, POWERGRID, UPPTCL and Delhi Electricity Regulatory Commission, as an Independent Director for a 3-year term from 20th May 2025 to 19th May 2028, subject to shareholder approval. The 31st Annual General Meeting was scheduled for 26th September 2025 to be held via video conferencing. Additionally, a Fund Raising Committee was constituted to explore options for raising funds through debt, equity or other securities.
For shareholders, the change in internal auditor is routine and the new Independent Director brings strong power sector expertise which is relevant to the company's business. The constitution of a Fund Raising Committee signals that the company may be planning a capital raise soon, which could lead to potential equity dilution or additional debt — investors should watch for further announcements on this front.