Description

RMC Switchgears Limited (symbol: RMC) will migrate from the SME Platform of BSE to the Capital Market Segment (Main Board) of NSE effective April 01, 2026, with trading available in Series BE under Trade-for-Trade segment.

Summary

RMC Switchgears Limited will be migrated from the SME Platform of BSE to the Capital Market Segment (Main Board) of the National Stock Exchange of India Limited (NSE) with effect from April 01, 2026. The scrip will trade under the symbol RMC in Series BE and will remain in the Trade-for-Trade segment until further notice. The total number of equity shares admitted to dealings is 10,576,850 with a face value of Rs. 10/- each.

Key Points

  • Symbol: RMC | ISIN: INE655V01019 | Series: BE (Trade-for-Trade)
  • Face value and paid-up value: Rs. 10/- per share
  • Total equity shares admitted: 10,576,850
  • Market lot size: 1
  • Pari passu status: Yes
  • Two tranches of shares (18,500 shares each) are locked in until December 05, 2026; all remaining shares are free
  • Registrar: MUFG Intime India Private Limited (formerly Link Intime India Private Limited), Mumbai
  • Company Secretary: Ms. Shivani Bairathi | Email: cs@rmcindia.in

Regulatory Changes

  • Admitted to dealings under Regulation 3.1.1 of the NSE (Capital Market) Trading Regulations Part A
  • Lot size governed by Regulation 2.5.5 of the NSE (Capital Market) Trading Regulations Part A
  • Securities will continue in the Trade-for-Trade (Series BE) segment until NSE issues further notice

Compliance Requirements

  • Members must identify the security exclusively by its designated symbol RMC and Series BE for all trading purposes
  • Trading must be conducted in the specified lot size of 1
  • Members should note the lock-in details for applicable tranches before facilitating transactions

Important Dates

  • Circular Date: March 27, 2026
  • Effective Date (NSE Listing): April 01, 2026
  • Lock-in Expiry (two tranches of 18,500 shares each): December 05, 2026

Impact Assessment

This migration elevates RMC Switchgears Limited from the BSE SME platform to the NSE Main Board, broadening its investor base and improving liquidity potential. The Trade-for-Trade designation (Series BE) means delivery is mandatory for every trade, limiting speculative intraday activity. The partial lock-in (37,000 shares out of ~10.58 lakh total) has minimal impact on float. Existing BSE SME investors gain an additional exchange venue; NSE members can now access the scrip from April 01, 2026.

Impact Justification

Routine SME-to-main-board migration for a single mid-small cap company; affects existing shareholders and new NSE traders but has limited broad market impact.