RMC Switchgears Ltd — Important, 31-03-2026: Company Update

RMC Switchgears has secured financial assistance of ₹1.36 Cr. The company achieved this by pledging its 51% shareholding in its subsidiary, Intelligent Hydel Solutions Private Limited (IHSPL), to Saatvik Cleantech EPC Private Limited. This agreement creates a security interest over the pledged shares, ensuring repayment of the loan and providing RMC with funds by leveraging its subsidiary stake as collateral.