RMC Switchgears Board Approves Rs 30 Crore Rights Issue For Shareholders

Board approved rights issue of Rs10 shares for up to Rs30 Cr to eligible holders as on record date to be notified, subject to approvals. Price, ratio, timing to be set later. First equity raise since listing, breaking prior self-funded no-dilution profile. Timed against stretched collections and large tender-driven orderbook needing execution funding. Dilution, leverage and execution read-through hinges on pending price, ratio, record date, use of proceeds and timeline. Subject to regulatory approvals; terms to be disclosed later.