RMC Switchgears has informed that Board of Directors of the Company in their meeting held on Wednesday, the 25th Day of September, 2019, which commenced at 11:00 AM and concluded at 02:40 PM at the Corporate Office of the Company situated at B-11 (B & C), Malviya Industrial Area, Jaipur 302017, Rajasthan considered and approved divestment of 100% of equity investment held by the Company in its wholly owned subsidiary Explora IOT Solutions Private Limited (not a material subsidiary) to Ashok Kumar Agarwal and Neha Agrawal.
The above information is a part of company’s filings submitted to BSE.
