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RMC Switchgears' Board has approved a Pledge Agreement to secure financing for its associate, Intelligent Hydel Solutions Private Limited (IHSPL). Under this, RMC is pledging its 51% shareholding in IHSPL as collateral to CTL Trusteeship Limited for a loan facility from Aseem Infrastructure Finance Limited. This provides security for IHSPL's financial obligations. Additionally, the Board approved an investment in RMC NextGen Systems LLP, where RMC will acquire a 51% stake. This move expands RMC's presence in a new entity.