RMC Switchgears Limited pledged its 51% stake in subsidiary Intelligent Hydel Solutions Private Limited to secure a ₹1,35,91,500 loan from Saatvik Cleantech EPC Private Limited.
The Loan Cum Share Pledge Agreement was executed on March 31, 2026, with the full loan amount of ₹1,35,91,500 outstanding as on the date of execution.
The transaction is not classified as a related party transaction; Saatvik Cleantech EPC holds 49% in the pledged subsidiary but is unrelated to RMC's promoter group.