RMC Switchgears Releases IHSPL Share Pledge

Key Transaction Details

• Pledge created by RMC Switchgears Limited over its shareholding in Intelligent Hydel Solutions Private Limited (IHSPL) has been released/terminated.
• The pledge was originally created in favor of Saatvik Cleantech EPC Private Limited.
• The pledge was established pursuant to a Loan-cum-Share Pledge Agreement approved by the Board of Directors on March 31, 2026.

Effective Date

The pledge stands extinguished with effect from Thursday, August 20, 2026.

Financial Impact

The release of the pledge does not have any material impact on the financial, operational, or managerial affairs of the Company.