RMC Switchgears Limited has submitted its quarterly compliance certificate to stock exchanges, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026.

Regulatory Compliance Submission

The company filed the certificate under Regulation 74(5) with both BSE Limited and National Stock Exchange of India Limited on April 7, 2026. The submission was signed by Shivani Bairathi, Compliance Officer and Company Secretary (ACS-42636), on behalf of RMC Switchgears Limited.

Certificate Details

The compliance certificate was issued by MUFG Intime India Private Limited (formerly Link Intime India Private Limited), serving as the company's Registrar and Share Transfer Agent. The certificate, dated April 3, 2026, confirms adherence to prescribed regulatory processes during the quarter.

Confirmation of Processes

The certificate confirms that securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to depositories within prescribed timelines. MUFG Intime India Private Limited verified that:

• Securities received for dematerialization were confirmed or rejected to depositories
• Security certificates comprised in dematerialization were listed on stock exchanges where earlier issued securities are listed
• Security certificates received were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within prescribed timelines

Stock Exchange Communication

The submission was made to both major Indian stock exchanges where RMC Switchgears shares are listed. The company requested the exchanges to acknowledge and take the compliance certificate on record, ensuring transparency in regulatory adherence.

This quarterly submission demonstrates RMC Switchgears' commitment to maintaining regulatory compliance and transparent communication with stock exchanges and regulatory authorities.

RMC Switchgears Limited has entered into a significant financial arrangement by pledging its subsidiary shares to secure a loan of ₹1,35,91,500. The Board of Directors approved the execution of a Loan Cum Share Pledge Agreement with Saatvik Cleantech EPC Private Limited on March 31, 2026, during a board meeting that commenced at 6:15 PM and concluded at 8:30 PM.

Regulatory Disclosure and Compliance

The company has filed a revised intimation under Regulation 30 of SEBI LODR with BSE Limited on April 2, 2026, providing comprehensive details of the share pledge arrangement. The disclosure was signed by Shivani Bairathi, Compliance Officer & Company Secretary, ensuring full regulatory compliance with SEBI Master Circular requirements.

Transaction Structure and Details

The agreement involves pledging RMC Switchgears' 51% shareholding in its subsidiary, Intelligent Hydel Solutions Private Limited, as collateral for the financial assistance. The transaction establishes an exclusive, absolute, and continuing security interest over the pledged securities in favor of Saatvik Cleantech EPC Private Limited.

Shareholding Structure and Relationships

The transaction involves a complex shareholding arrangement between the parties. RMC Switchgears holds no stake in Saatvik Cleantech EPC Private Limited, while Saatvik Cleantech EPC Private Limited maintains a 49% shareholding in Intelligent Hydel Solutions Private Limited. RMC Switchgears retains its 51% controlling stake in the subsidiary, which is being pledged as security.

Agreement Terms and Security Provisions

The pledge agreement serves multiple purposes beyond securing the loan amount. The arrangement ensures RMC Switchgears' strict adherence to the repayment schedule and all financial covenants associated with the loan. The lender receives comprehensive rights and remedies, including the authority to invoke the pledge, transfer, sell, or appropriate the pledged securities without notice, delay, or obstruction, subject to applicable law provisions.

Related Party Transaction Assessment

The company has confirmed that this transaction does not fall within the ambit of related party transactions as per the Companies Act, 2013 and SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. Saatvik Cleantech EPC Private Limited is not related to the promoter, promoter group, or group companies of RMC Switchgears Limited, despite holding a 49% stake in the subsidiary. Accordingly, the question of arm's length pricing does not arise.

The pledge creates a material inducement for the lender to extend the loan and constitutes a continuing security that remains in full force until complete discharge of the debt is certified in writing by the pledgee. The arrangement provides RMC Switchgears with immediate access to ₹1,35,91,500 in financial assistance while maintaining operational control of its subsidiary through the majority shareholding structure.

Source: Company/INE655V01019/0c2029da-a798-43c2-a7bf-d68395990c67.pdf