RMC Switchgears has received an approval for divestment of 100% of equity investment held by the company in its wholly owned subsidiary Explora IOT Solutions (not a material subsidiary) to Ashok Kumar Agarwal and Neha Agrawal. The Board of Directors of the company in their meeting held on September 25, 2019, approved the same.
RMC Switchgears is primarily engaged in the business of designing and manufacturing of, Enclosures of Energy Meters, LT/HT Distribution Boxes and Panels, Junction Boxes, Feeder Pillars and other Power Distribution and Circuit Protection Switchgears made from Mild Steel, Stainless Steel in Fabrication and Deep Drawn Process along with Sheet Moulding Compound and Bulk Moulding Compound (DMC) materials.
