RMC Switchgears Ltd — Updates, 10-06-2025: Company Update

RMC Switchgears has shifted its credit rating assignment from Brickwork Ratings (BWR) to Infomerics Valuation and Rating Limited. Despite submitting a formal withdrawal request with no-objection certificates from its bankers, BWR continues to display the company’s rating with a negative “Issuer did not cooperate” remark on its website without consent. RMC Switchgears clarified that Infomerics is now its official credit rating agency and will share updated ratings accordingly. This update is important for investors monitoring the company’s credit profile and financial credibility.