Update in the continuation of the disclosure dated 28.01.2026 regarding the inter se transfer( promoter to promoter) of shares- exempted category under Reg. 10(1)(a)(ii)
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RMC Switchgears informed BSE about an inter se transfer of 8,45,700 equity shares (8.02% of total share capital) among promoter group members, executed on 19.02.2026. The shares were gifted from Vitthal Das Agarwal HUF (7,50,900 shares, 7.12%) and Vitthal Das Agarwal (94,800 shares, 0.90%) to Ankit Agarwal, son of promoter Shri Ashok Kumar Agarwal. This is an off-market transaction done without consideration and qualifies for exemption under Regulation 10(1)(a)(ii) of SEBI SAST Regulations. As a result, Ankit Agarwal's individual holding increased from 9.71% to 17.72%, while the aggregate promoter and promoter group holding remains unchanged before and after the transfer.
This is an internal reshuffling within the promoter family with no change to the total promoter holding, so it is largely neutral for existing shareholders. The concentration of shares within younger family member Ankit Agarwal could be seen as a succession planning move but carries no material impact on stock price or minority shareholders.