Rexnord Electronics & Controls Ltd — Important, 13-03-2026: Company Update

Rexnord Electronics & Controls has received provisional sanction for an Industrial Promotion Subsidy (IPS). This includes 0.84 Cr, representing 85% of an admissible 0.99 Cr IPS for one period. Additionally, 1.29 Cr, 85% of an admissible 1.52 Cr IPS, has been sanctioned for another period. This provisional approval signifies a potential future financial benefit for the company. However, the actual disbursement of these funds is dependent on the government releasing the funds, and the company meeting all eligibility terms and submitting the required documents.