RMC Switchgears Limited (RMC) — Announcement | 14 April 2026

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RMC Switchgears announced that Brickwork Ratings reaffirmed and then withdrew its credit ratings for the company's bank loan facilities totaling ₹42.14 crores, citing 'Issuer Not Cooperating' despite no active rating review or engagement having occurred. The company clarified it had already initiated withdrawal steps, completed lender NOCs, and maintains an active rating with Infomerics, rendering the withdrawn rationale inaccurate and outdated.

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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