<h1>RMC Switchgears Limited Finalizes Share Pledge and Approves Strategic Investment in LLP</h1>
RMC Switchgears Limited announced significant strategic decisions following a Board meeting held on August 27, 2026. The Board approved the execution of a Pledge Agreement concerning shares held in an associate company, as well as sanctioned a new investment into a limited liability partnership (LLP).
The company moved to secure its associate company by entering into a Pledge Agreement. This agreement involves RMC Switchgears Limited as the Pledger, and it is structured with Aseem Infrastructure Finance Limited as the Lender, and CTL Trusteeship Limited acting as the Security Trustee. The purpose of the agreement is to provide security for and secure the due and timely repayment and discharge of the financial obligations of Intelligent Hydel Solutions Private Limited (IHSPL), the borrower, under a Facility Agreement and associated Financing Documents.
The agreement pertains to 51% of the shares held in IHSPL by RMC Switchgears Limited, which serves as collateral for the full and final discharge of the secured obligations.
Details regarding the Pledge Agreement are summarized below:
| Particulars | Details |
|---|---|
| Pledger | RMC Switchgears Limited |
| Lender | Aseem Infrastructure Finance Limited |
| Security Trustee | CTL Trusteeship Limited |
| Borrower | Intelligent Hydel Solutions Private Limited (IHSPL) |
| Size of Agreement | 51% of shares held in IHSPL by RMC Switchgears Limited |
| Transaction Date | 27.08.2026 |
| Shareholding in IHSPL | RMC holds 51%; Saatvik Cleantech EPC Private Limited holds 49% |
| Nature of Transaction | Secured loan against pledge of shares of associate company |
In addition to the pledge agreement, the Board of Directors also approved a proposed investment into RMC NextGen Systems LLP. Under this approval, RMC Switchgears Limited will hold a 51% stake in the LLP.
The transaction involving the pledge does not fall within the ambit of related party transactions.
RMC Stock Price Movement
RMC Switchgears Limited sheds value, trading down 0.93% to ₹254.35 as of 11:34 AM in the live market session. The stock currently sits near its intraday low of ₹254, amid a day marked by significant trading activity totaling 16,285 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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