Rmc Switchgears Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32

RMC · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

-8.9%1-day move

₹385.00

prior close

₹369.25

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.0+0.0+0.0+0.0-8.9-13.4-17.8-21.9-18.7-22.1-7.2-20.6——

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AI summary

RMC Switchgears Limited has filed its quarterly statement confirming no deviation or variation in the utilisation of proceeds from a preferential issue of 218,500 equity shares. The company raised Rs. 15.01 crores in December 2024 through this private placement at Rs. 687 per share. The funds have been fully deployed across two stated objects: Rs. 12 crore invested in subsidiaries (RMC Green Energy Private Limited and RMC Solar Park Private Limited) and Rs. 3.01 crore for general corporate purposes. The statement was reviewed and noted by the Audit Committee and Board of Directors on May 29, 2026.

Likely market impact

The confirmation of zero deviation and full fund utilisation as per the stated objects is a positive compliance signal, indicating the company deployed capital as promised to investors without any material changes to its deployment plan.