RMC Switchgears Limited submits Secretarial Compliance Report solely to meet the requirements for Main Bioard Migration
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RMC Switchgears Limited has submitted its Secretarial Compliance Report to BSE solely to meet the requirements for migrating from the SME platform to the Main Board. The report, covering the review period 1st April 2025 to 31st December 2025, was prepared by V.M. & Associates, Company Secretaries and signed by Managing Director Ashok Kumar Agarwal. As a current SME-listed entity, the company is exempt from several corporate governance provisions under Regulation 15 of SEBI LODR Regulations, making this submission informational in nature. The report flagged two non-compliances: late event disclosures under Regulation 30 read with Schedule III, and partial non-compliance with Regulation 3(5) of the Insider Trading Regulations, both detailed in Annexure-A. No SEBI or stock exchange action has been taken against the company, no directors are disqualified, and there was no statutory auditor resignation during the review period.
This is a procedural filing tied to the company's planned migration from BSE's SME platform to the Main Board, which could improve liquidity and investor visibility. The flagged compliance gaps are minor and appear to have been remedied, but shareholders should watch for the actual migration announcement and any further disclosures in Annexure-A.