Postal ballot results: related party land purchase and new independent director approved
RMC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 7.1 pts more than Nifty Microcap 250 and 7.2 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RMC Switchgears shareholders approved two resolutions via postal ballot (e-voting held Sept 13 to Oct 12, 2026). Resolution 1: purchase of industrial land from related party Mr. Ankit Agrawal passed with 87.90% in favor (12.09% against), with promoters abstaining. Resolution 2: appointment of Mr. Dilip Panjwani (DIN: 02205645) as Independent Director passed with 99.90% in favor. Out of 8,477 eligible shareholders holding 1.05 crore shares, participation was low on the land deal but higher on the director appointment.
Company can proceed with related party land purchase and onboard a new independent director. Both resolutions cleared, with stronger shareholder backing for the director appointment.