Sale of IHSPL shares by the promoters of RMC SWITCHGEARS LIMITED
RMC · price
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RMC Switchgears clarified to BSE that a 49% stake sale in Intelligent Hydel Solutions Private Limited (IHSPL) to a subsidiary of Saatvik Green Energy was done by the company's promoters in their personal capacity, not by the company itself. RMC Switchgears continues to hold 51% in IHSPL and remains the holding company with no change in ownership, control, management rights, or strategic position. The clarification was issued in response to an intimation made by Saatvik Green Energy on February 12, 2026, to avoid any misinterpretation.
No material impact on RMC Switchgears' shareholders as the company's 51% controlling stake in IHSPL remains intact; the transaction only involved the promoters' personal holdings. The stock is unlikely to be meaningfully affected since RMC's ownership and strategic position in IHSPL are unchanged.