RMC Switchgears approved pledging 51% of its associate, Intelligent Hydel Solutions, shares as security for a loan. The company also plans a 51% stake in RMC NextGen Systems LLP.
RMC Switchgears has announced a board meeting to approve quarterly financial results. The company plans to increase authorized share capital and potentially loan up to ₹500 Cr to subsidiaries. A joint venture with Continental Petroleum is also proposed, alongside granting 1500 stock options to employees.
