Issuance of Letter of Comfort and Formulation, adaption and implementation of the RSWM Limited Employee Stock Option Plan 2026
RSWM · price
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On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 3.0 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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RSWM Limited reported audited financial results for FY26 with standalone revenue declining 5.6% to ₹4,553.98 crore from ₹4,825.29 crore in FY25. However, the company swung from a net loss of ₹41.28 crore in FY25 to a net profit of ₹51.98 crore in FY26. Consolidated PAT similarly turned positive at ₹52.01 crore versus a loss of ₹40.02 crore. The Board approved an ESOP plan 2026 for up to 9.7 lakh stock options to eligible employees, and issuance of a Letter of Comfort for subsidiary LNJ Institute of Skills & Technology. Additionally, the company plans to issue up to 24.7 lakh convertible warrants to promoter group LNJ Textiles Advisory LLP at ₹146/share. An exceptional charge of ₹10.57 crore was recognized due to new labour codes. Auditors gave an unmodified (clean) opinion.
The stock shows strong profitability turnaround from losses to ₹52 crore profit, though revenue declined in a challenging textile market. The preferential warrant issuance to promoters dilutes existing shareholders. ESOP may help retain talent. A contingent liability of ₹11.07 crore for electricity duty is pending Supreme Court appeal.