RMC Switchgears has informed that pursuant to Regulation 30 of Securities Exchange and Board of India (Listing Obligations and Disclosures Requirements) Regulations 2015, the Nomination and Remuneration Committee of the Board of Directors of the Company in its meeting held on 17th January 2025 has allotted 25,000 Equity Shares of Rs 10 each at an Issue Price of Rs 50 each to Manish Mantri Chief Operating Officer of the Company under the company’s Employee Stock Purchase Scheme 2023. The Paid-Up Equity Share Capital of the Company has increased to Rs 10,55,18,000 consisting of 1,05,51,800 Equity Shares of Rs 10 each. The details as required as per Regulation 30 of SEBI (Listing Obligations and Disclosures Requirement) Regulations, 2015 read with SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023 are attached in Annexure A. The meeting commenced at 10:00 am and concluded at 10:30 am.
The above information is a part of company’s filings submitted to BSE.
