Proceedings of EGM held on 08.05.2026
RSWM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
RSWM Ltd held an Extra-Ordinary General Meeting on May 8, 2026, conducted via video conferencing. The key agenda item was a Special Resolution for issuing warrants convertible into equity shares to persons belonging to the Promoter/Promoter Group category on a preferential basis. Chairman & MD Riju Jhunjhunwala was absent due to exigencies, and Joint MD Rajeev Gupta chaired the meeting. Remote e-voting ran from May 5-7, 2026, with additional e-voting available during the meeting. All independent directors, auditors, and the scrutinizer were present. The voting results and scrutinizer's report will be announced by May 12, 2026.
If the preferential warrant issue to promoters is approved, it will be dilutive for existing shareholders as it increases the total equity base. Promoters increasing their stake via warrants signals confidence but reduces the ownership percentage of other shareholders.