RMCNSERMC Switchgears LimitedLowNeutral
Announced Fri, 24 Apr · 11:18 IST

Rmc Switchgears Limited has informed the Exchange regarding Notice of Postal Ballot

Board & Shareholder Meetings View source PDF

RMC · price

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Price reaction · full curve 14 horizons · vs prior close
-0.7%1-day move
₹504.00
prior close
₹479.10
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.0+0.1+0.0+0.0-0.7-1.8-3.8-4.9-8.3-7.9-17.4-22.6-32.5-47.0
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AI summary

RMC Switchgears Limited has issued a Postal Ballot Notice seeking shareholder approval for the appointment of Mrs. Manisha Godara (DIN: 08116113) as an Independent Director. She was initially appointed as Additional Director on March 2, 2026, and this postal ballot is to formalize her appointment for a 5-year term (March 2, 2026 to March 1, 2031). Mrs. Godara is a qualified Company Secretary with over a decade of experience in corporate compliance, IPOs, and securities issuance. She currently serves as Independent Director on two other listed companies and holds no shares in RMC Switchgears. The e-voting period runs from April 25, 2026 to May 24, 2026, with results to be declared by May 26, 2026. She will receive sitting fees of Rs. 7,000 per meeting.

Likely market impact

This is a routine governance change that strengthens the Board's independence. The appointment brings a qualified Company Secretary with compliance expertise to the board, which could positively impact corporate governance standards. Shareholders should vote in favor as the NRC and Board have already recommended her appointment.