Outcome of Board Meeting

Board & Shareholder Meetings View source PDF

RSWM · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+6.6%1-day move

₹140.80

prior close

₹144.97

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.7+4.9+5.3+4.4+6.6+8.2+10.2+14.9+13.0+14.0+20.6+15.3+47.0+42.0

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AI summary

RSWM Limited's Board has approved raising INR 36.06 crore through a preferential issue of up to 24.7 lakh convertible warrants to LNJ Textiles Advisory LLP, a promoter group entity. Each warrant is priced at Rs. 146 (including Rs. 136 premium) and is convertible into one equity share of face value Rs. 10 within 18 months from allotment. Upon full conversion, the promoter group's holding will increase to 4.98% on a fully diluted basis. The company has also called an Extra-Ordinary General Meeting on 8th May 2026 to seek shareholder approval for this preferential issue, with the cut-off date fixed for 10th April 2026.

Likely market impact

The preferential issue will result in dilution of existing shareholders' stakes upon warrant conversion. However, the promoter's significant investment signals confidence in the company's prospects and brings additional capital to support business growth.