Shares of RMC Switchgears surged 5 per cent to hit the upper circuit at ₹370.90 in morning trade on Wednesday, buoyed by its migration to the main board of BSE Ltd and fresh listing on the National Stock Exchange of India.
The stock opened at ₹370.40 on the NSE and ₹370.50 on the BSE, before climbing to its circuit limit by 10.30 am, reflecting strong investor demand following the milestone development.
The company informed the exchanges regarding the receipt of approval for migration from the SME platform to the main board of BSE, along with its listing on NSE, effective April 1, 2026. The move is expected to significantly enhance its market visibility and improve accessibility for a broader set of investors.
RMC Switchgears said the dual listing and main board migration would enable wider participation from both retail and institutional investors, while also strengthening engagement with the overall investment community. The company’s management expressed gratitude to shareholders for their continued support and confidence as it enters this new phase of growth.
Ankit Agrawal, CEO and Whole-Time Director, RMC Switchgears, said: “We fully recognize that this transition brings with it greater responsibilities, particularly in the areas of governance, disclosures, and stakeholder engagement, and we are prepared to uphold these expectations with seriousness and commitment. We believe this development will lead to wider institutional investor participation and stronger market visibility in the period ahead.”
Published on April 1, 2026