RMC Switchgears Ltd — Important, 02-04-2026: Company Update

RMC Switchgears' Board has approved a Loan Cum Share Pledge Agreement. The company is pledging its 51% shareholding in its subsidiary, Intelligent Hydel Solutions Private Limited, to secure financial assistance. This agreement facilitates a loan of ₹1.36 Crore (₹1,35,91,500) from Saatvik Cleantech EPC Private Limited. This move provides funding for RMC Switchgears, with the subsidiary's shares acting as collateral for the debt, ensuring the loan's repayment. This action allows the company to secure necessary capital for its operations.