RMC Switchgears Limited has notified stock exchanges regarding the withdrawal of credit ratings by Brickwork Ratings India Private Limited, pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Rating Withdrawal Details

Brickwork Ratings reaffirmed and subsequently withdrew the credit ratings assigned to the company's bank loan facilities. The rating action covered facilities worth Rs. 42.14 crores across fund-based and non-fund-based instruments.

Company's Position on Rating Withdrawal

RMC Switchgears clarified that it had already initiated necessary steps to discontinue its association with Brickwork Ratings and complete requisite lender-related formalities. The withdrawal was processed following submission of withdrawal request and No Objection Certificates from lenders in accordance with prescribed procedures.

The company stated that the reference to "Issuer Not Cooperating" does not adequately reflect the factual position, as it was not engaged in any active rating review process requiring submission of updated information. The company emphasized that it had not continued any active engagement for credit rating services with Brickwork Ratings during the relevant period.

Current Rating Status

RMC Switchgears maintains a valid and active credit rating with Infomerics Valuation and Rating Pvt. Ltd., which is being used for all relevant purposes. The company indicated that the rating rationale issued by Brickwork Ratings may not be considered reflective of its current position.

Bank Facilities Breakdown

The withdrawn ratings covered facilities from two major lenders:

About RMC Switchgears

RMC Switchgears Limited was incorporated on 23rd August 1994 and is engaged in manufacturing and supply of electrical enclosures and laminates through its manufacturing plant located in Jaipur. The company was initially incorporated as RFH Metal Castings Pvt Ltd, later renamed to RFH Metal Castings Ltd in 2008, and finally changed to RMC Switchgears Ltd in 2016. The company was listed on BSE SME platform in 2017.

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.