Issuance of Letter of Comfort and Formulation, adaption and implementation of the "RSWM Limited Employee Stock Option Plan 2026"

RSWM Ltd reported audited FY2026 standalone revenue of Rs 4,554 crore, down 5.6% from Rs 4,825 crore in FY2025, though the company returned to profitability with standalone net profit of Rs 52 crore compared to a net loss of Rs 41.28 crore in the prior year. Consolidated net profit was Rs 52.01 crore. The company reported an exceptional charge of Rs 10.57 crore for the year related to new labour code implementation. Statutory auditors (Lodha & Co LLP) issued an unmodified (clean) opinion on both standalone and consolidated results. The Board also approved a Letter of Comfort for subsidiary LNJ Institute of Skills & Technology, and an Employee Stock Option Plan 2026 for up to 9,70,000 equity shares. A separate approval was given for issuing up to 24.7 lakh convertible warrants to promoter group LNJ Textiles Advisory LLP at Rs 146 per share. The company faces a Rs 11.07 crore contingent liability from an adverse Rajasthan High Court order on electricity duty, which it plans to challenge in the Supreme Court.