RMC releases pledge on shares held in IHSPL
RMC · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.4 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RMC Switchgears has released the pledge on shares it held in Intelligent Hydel Solutions Private Limited (IHSPL). The shares were originally pledged to Saatvik Cleantech EPC Private Limited on March 31, 2026, under a Loan-cum-Share Pledge Agreement. With effect from August 20, 2026, the pledge stands extinguished. The company states this has no material impact on its financials, operations, or management.
Pledge on IHSPL shares is extinguished, freeing those holdings. Company says no material impact on operations or finances.