RMC Switchgears greenlights 34.36 lakh bonus equity shares allocation

RMC Switchgears greenlights 34.36 lakh bonus equity shares allocation

In a significant development, RMC Switchgears Limited’s Board of Directors convened for a pivotal meeting on Tuesday, October 17, 2023. During this gathering, they reached a unanimous decision to approve the allocation of a substantial number of Bonus Equity Shares.

This allotment encompasses a total of 34,36,100 Bonus Equity Shares, each with a nominal value of Rs. 10/- per share. The ratio for this distribution stands at 1:2, signifying that for every 2 existing Equity Shares with a face value of Rs. 10/- each, eligible shareholders will receive 1 new Equity Share worth Rs. 10/-.

To qualify for this remarkable opportunity, shareholders must have their names listed in the Register of Members or be on the list of beneficial owners provided by the Depositories/RTA as of the crucial record date, which was set as October 13, 2023.

About RMC Switchgears:

RMC Switchgears Limited, founded in 1994 and based in Jaipur, Rajasthan, specializes in the production of electrical enclosures. Renowned as the foremost and most esteemed manufacturer in this industry, RMC Switchgears stands out for its quality and expertise in electrical enclosure manufacturing.

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