The Board of Directors of RSWM Limited, in their meeting held on April 9, 2026, approved a preferential issue of convertible warrants to the Promoter/Promoter Group to raise funds up to ₹36.06 Crore. This issue involves up to 24,70,000 warrants, each convertible into one equity share of face value ₹10, at an issue price of ₹146 per share, including a premium of ₹136. The proposed allottee is LNJ Textiles Advisory LLP, a Promoter Group entity. To seek shareholder approval for this preferential issue, the Board also approved convening an Extra-Ordinary General Meeting (EGM) on Friday, May 8, 2026. The cut-off date for determining eligibility for the EGM notice and e-voting is fixed as Friday, April 10, 2026. Mr. Mahesh Gupta & Co. has been appointed as the Scrutinizer for the e-voting process. The meeting commenced at 3:00 p.m. (IST) and concluded at 3:45 p.m. (IST).
