RMC Switchgears Ltd. Pledges Shares in Subsidiary for ₹1.36 Crore Loan
RMC Switchgears Limited announced that its Board of Directors approved a loan agreement with Saatvik Cleantech EPC Private Limited on March 31, 2026. The agreement involves the pledging of shares held by the company in its subsidiary, Intelligent Hydel Solutions Private Limited (IHSPL).The loan amount is ₹1,35,91,500, secured by a pledge of 51% of RMC Switchgears Limited’s shareholding in IHSPL. This pledge establishes a security interest with Saatvik Cleantech EPC Private Limited, ensuring adherence to the repayment schedule and financial covenants associated with the loan.
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