RMC Switchgears Ltd — Important, 13-11-2025: Company Update

RMC Switchgears Limited informed that CARE Ratings Ltd. published a credit rating for its bank facilities without any mandate or consent from the company. The company clarified it never appointed CARE, provided information, or was consulted regarding this rating. RMC Switchgears stated the rating is unilateral, unsolicited, and invalid, emphasizing that its debt profile and banking facilities are in good standing with no overdue or stress indicators. The company is asking CARE to withdraw this unauthorized rating, urging investors and market participants not to rely on it as it does not reflect a factual assessment.