RMC Switchgears Limited has released the pledge over its shareholding in Intelligent Hydels Solutions Private Limited (IHSPL). The shares were previously pledged in favour of Saatvik Cleantech EPC Private Limited pursuant to a Loan-cum-Share Pledge Agreement approved by the Board of Directors on March 31, 2026.

The pledge stands extinguished with effect from August 20, 2026. RMC Switchgears disclosed this development in an intimation filed with the Bombay Stock Exchange and the National Stock Exchange of India Limited.

Regulatory Disclosure

The disclosure was made in compliance with Regulation 30 read with Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shivani Bairathi, Compliance Officer and Company Secretary of RMC Switchgears, signed the intimation.

Impact Assessment

The company stated that the release of the pledge does not have any material impact on its financial, operational, or managerial affairs.

RMC Switchgears Limited posted a significant rise in profitability for the quarter ended June 30, 2026, with net profit jumping 116.8% year-on-year to ₹918.5 crore, compared to ₹423.6 crore in the corresponding period of FY25. Total revenue from operations expanded 10.8% to ₹13,555.8 crore from ₹12,226.7 crore a year ago.

The company also confirmed that its 32nd Annual General Meeting (AGM) will be held on Saturday, September 19, 2026, at 12:00 pm via Video Conferencing (VC) or Other Audio Visual Means (OAVM). Shareholders are advised to update their email addresses to receive login details for e-voting and the Annual Report for FY26.

Financial Performance

RMC Switchgears demonstrated strong operational efficiency alongside top-line growth in Q1FY27. Earnings before interest, tax, depreciation, and amortization (EBITDA) stood at ₹1,231.0 crore, up from ₹566.8 crore in Q1FY25. The company’s comprehensive income for the period, after tax and other comprehensive items, totaled ₹954.0 crore.

What the Numbers Show

The divergence between revenue growth and profit expansion highlights improved margin dynamics. While revenue increased by 10.8%, net profit more than doubled, rising by 116.8%. This suggests that cost controls or favorable mix shifts contributed significantly to the bottom line, rather than volume-driven sales growth alone. The EBITDA margin expanded substantially, reinforcing the company’s ability to convert higher revenues into operating profits.

Corporate Actions

The Board of Directors approved the holding of the 32nd AGM in compliance with Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Notices were published in Financial Express (English edition) and Business Remedies (Hindi edition) on August 15, 2026.

Key details for shareholders:

• AGM Date: September 19, 2026
• Time: 12:00 pm (IST)
• Mode: VC/OAVM
• Record Date: To be determined as per MCA circulars

The company’s registered office is located in Jaipur, Rajasthan. Further details regarding the agenda and financial statements are available on the company website and stock exchange portals.