Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, RMC Switchgears has informed that the Board of Directors in their meeting held today, Tuesday, 17th October, 2023, has approved the allotment of 34,36,100 Bonus Equity Shares of Rs 10 each in the ratio of 1:2 i.e., 1 New Equity Shares of Rs 10 each for every 2 existing Equity Shares of Rs 10 each to the eligible Shareholders whose names appeared in the Register of Members/list of beneficial owners provided by the Depositories/RTA as on 13th October, 2023 being the record date fixed for this purpose. Consequently, the paid-up equity share of the company stands increased from 68,72,200 to 1,03,08,300.
The above information is a part of company’s filings submitted to BSE.