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RMC Switchgears Limited announced the appointment of Mr. Tarun Kumar Sharma as Chief Operating Officer (COO) for Smart Solutions at Jaipur, effective September 16, 2026, according to a regulatory filing with the BSE Limited and National Stock Exchange of India Limited. Mr. Sharma, who holds a Master of Business Administration and previously worked at VHEL Limited for five years, brings over 34 years of experience to the role.

RMC Switchgears Limited announced that its board of directors approved the purchase of industrial land from a related party, subject to shareholder approval, and appointed Mr. Dilip Panjwani (DIN: 02205645) as an Additional Director in the category of Non-Executive Independent Director, also pending shareholder approval. The board also approved a notice of postal ballot and appointed Mrs. Megha Khandelwal (FCS: 10237) as the scrutinizer for the postal ballot process, with the meeting concluding at 10:45 AM on Saturday, September 12, 2026.

RMC Switchgears Limited will hold a meeting of its Board of Directors on September 12, 2026, to consider and approve the appointment of a Scrutinizer for the Postal Ballot process, approve the draft Notice of Postal Ballot and Calendar of Events, and other matters, according to a regulatory filing with the Bombay Stock Exchange and National Stock Exchange. Trading window for the company`s shares will be closed for directors, key managerial personnel, promoters, designated persons and their immediate relatives from September 9, 2026, until 48 hours after the board meeting concludes.

RMC Switchgears Ltd share price advanced by 6.51% to Rs 301.9. The Company`s net profit tanked by 77.56% to Rs 2.08 crore, while revenue from operations dropped sharply 73.95% to Rs 37.24 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.19 lakh crore, easing 1.93%. It has marginally improved by 2.06% over last one week and rose by 12.22% in last one month while the market capitalization of RMC Switchgears Ltd has dropped by 15.03% and 30.94% in the same period respectively. Profit before tax (PBT) of RMC Switchgears Ltd stood at Rs 2.78 crore in Q2 FY26, nosediving by 48.99% year-on-year, and plunging by 78.53% quarter-on-quarter. EBITDA came in at Rs 7 crore, crashing by 15.61% YoY and tanking 56.93% sequentially. Total expenses tumbled by 75.69% to Rs 30.79 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 7.99 crore, registering a fall of 84.52% YoY, while employee benefits expense was at Rs 4.7 crore, inching up 6.09% YoY. For the TTM ended FY26, revenue from operations witnessed a strong growth of 84.30% to Rs 318.16 crore, while net profit jumped 111.28% to Rs 31.46 crore, compared to previous TTM. EBITDA surged by 3256% to Rs 51.96 crore, and PBT soared 99.16% to Rs 42.66 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 15.6 crore in FY26, as against Rs 7.78 crore in FY25. RMC Switchgears Ltd nosedived by 62.74% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.83% during the same period.

RMC Switchgears Ltd share price tumbled by 15.73% to Rs 283.45 after the company`s net profit plunged by 77.56% to Rs 2.08 crore, while revenue from operations dropped sharply 73.95% to Rs 37.24 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.22 lakh crore, easing 1.84%. It has inched up 2.31% over last one week and heading higher by 9.99% in last one month while the market capitalization of RMC Switchgears Ltd has dropped by 15.84% and 37.57% in the same period respectively. Profit before tax (PBT) of RMC Switchgears Ltd stood at Rs 2.78 crore in Q2 FY26, tumbling by 79.78% year-on-year, and crashing by 78.53% quarter-on-quarter. EBITDA came in at Rs 7 crore, plunging by 55.65% YoY and nosediving by 56.93% sequentially. Total expenses saw a steep drop of 75.69% to Rs 30.79 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 7.99 crore, slumping by 84.52% YoY, while employee benefits expense was at Rs 4.7 crore, ticking higher by 6.09% YoY. For the TTM ended FY26, revenue from operations surged 84.30% to Rs 318.16 crore, while net profit surged by 111.28% to Rs 31.46 crore, compared to previous TTM. EBITDA jumped by 3256% to Rs 51.96 crore, and PBT soared 99.16% to Rs 42.66 crore compared to previous TTM. The company`s consolidated net cash flow from operating activities stood at Rs 15.6 crore in FY26, as against Rs 7.78 crore in FY25. RMC Switchgears Ltd crashed 65.10% in last one year, underperforming the benchmark BSE Sensex which has slipped by 3.04% during the same period.