RMCNSERMC Switchgears LimitedMediumNeutral
Announced Mon, 25 May · 19:46 IST

Rmc Switchgears Limited has informed the Exchange regarding Proceedings of Postal Ballot. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

Board & Shareholder Meetings View source PDF

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
+2.7%1-day move
₹390.00
prior close
₹392.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-2.3-1.8-1.8-0.3+2.7-1.3-5.3-10.1-14.5-22.9-22.6-20.1-32.4
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AI summary

RMC Switchgears Limited has announced the results of its postal ballot held to appoint Mrs. Manisha Godara as an Independent Director. The special resolution was passed with an overwhelming 99.99% shareholder approval. Out of 1.05 crore total shares, votes were cast by 47.61% of shareholders (50.36 lakh shares). Promoter group fully supported the appointment with 100% votes in favour (49.66 lakh shares), while public shareholders approved with 99.46% in favour (69,711 vs 375 against). The e-voting period ran from April 25 to May 24, 2026, with no invalid votes recorded.

Likely market impact

The appointment of Mrs. Manisha Godara strengthens the board's independent oversight. The near-unanimous approval (99.99%) signals strong shareholder confidence in the director appointment and reflects healthy corporate governance. This is a routine governance update with no material impact on the stock in the short term.