RMC Switchgears approves ₹30 crore rights issue

What happened

RMC Switchgears (BSE: RMC) informed the stock exchanges on 9 October 2026 at 11:29 AM that it has approved rights issue of ₹30 crore.

How big is it?

At ₹30 crore, the issue is equal to about 15.2% of the company's market value of ₹197 crore.

Company snapshot

RMC Switchgears is a micro-cap company, with a market value of about ₹197 crore.

The stock last traded at ₹186, against a 52-week range of ₹182.6–₹530 (64.9% below the high).

Before this filing the shares had moved −20.1% over the month and −39.0% over three months. Average daily turnover over the last 20 sessions was about ₹1.15 crore.

Promoters held 51.97% at the end of Q1 FY27. Foreign institutions owned 2.70% and domestic institutions 0.48%.

What history shows

BCEIE has no earlier fund raising filing from this company on record since May 2026.

Market-wide, 1,541 fund raising filings with an impact score of 50 or more saw an average next-day move of +0.4%, with 48% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• How the money raised is used and, for equity instruments, the dilution for existing shareholders.
• 9 October 2026: Board meeting — Fund Raising/Other business matters.

In the news

Recent coverage elsewhere (links open the original publisher):

• RMC Switchgears hits 5% upper circuit after BSE main board approval, set to list on NSE from April 1 — Alice Blue, 2 Oct 2026
• RMC Switchgears Secures ₹344 Crore Orders — Machine Maker, 8 Oct 2026
• RMC Switchgears board approves rights issue up to ₹30 crore — scanx.trade, 9 Oct 2026
• RMC Switchgears board to meet Oct 9 to consider rights issue — scanx.trade, 1 Oct 2026
• RMC Switchgears appoints Skyline as new RTA, replacing MUFG Intime — scanx.trade, 1 Oct 2026

Source

• Exchange filing (PDF)