CORRIGENDUM TO THE NOTICE FOR EXTRA ORDINARY GENERAL MEETING TO BE HELD ON 8TH MAY, 2026
RSWM · price
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RSWM Limited has issued a corrigendum to its earlier EGM notice dated April 9, 2026. The correction relates to the explanatory statement for a proposed preferential issue. The corrigendum specifies that the company plans to raise Rs. 36.06 crores through the preferential issue. Of this, Rs. 27.06 crores will be infused as equity/debt into its wholly owned subsidiary, LNJ Greenpet Private Limited, to fund the ongoing Bottle to Bottle Project. The remaining Rs. 9 crores will be used for general corporate purposes. The changes were made following observations received from NSE, requiring compliance updates before the EGM scheduled for May 8, 2026.
The capital raise demonstrates the company's commitment to sustainability through its Bottle to Bottle Project, which could support long-term growth. Shareholders should review the amended resolution ahead of the May 8 EGM to understand the allocation of funds.