Business Update20 Aug 2026, 06:00 pm
RMC Switchgears: Pledge on Subsidiary Shares Released
AI Summary
RMC Switchgears Limited has announced the release and termination of a pledge on its shareholding in Intelligent Hydel Solutions Private Limited (IHSPL). The pledge was originally created in favour of Saatvik Cleantech EPC Private Limited, pursuant to a Loan-cum-Share Pledge Agreement approved on March 31, 2026. The extinguishment of this pledge is effective from August 20, 2026. The company states that this release will not have any material impact on its financial, operational, or managerial affairs.
Key Highlights
- Pledge on RMC Switchgears' shares in IHSPL has been released.
- The release is effective from August 20, 2026.
- No material impact expected on company's affairs.
- Disclosure made in compliance with SEBI LODR regulations.
Price Impact
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