RSWM allots 24.7 lakh convertible warrants to promoter group

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RSWM · price

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

Price reactionminutes from the announcement price · days from the prior close

-3.3%Reaction day

₹214.00

prior close

₹222.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.4%-1.8% vs market

Other Textile Products peers, median of 187sector-0.6%-2.7% vs sector

On the reaction day the stock moved 1.8 pts less than Nifty Microcap 250 and 2.7 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.6

10m

-1.3

15m

-1.4

30m

-2.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-3.3-1.4-1.8-0.6-2.7

Next day

-5.6-2.5-3.1-1.7-3.9

-1.7+0.4-2.1-0.1-1.7

-2.1+2.2-4.3+0.4-2.6

-4.9+2.7-7.6+0.5-5.4

-9.6+3.9-13.4+0.5-10.1

-10.5+5.2-15.7+0.9-11.4

15d

-9.3+6.5-15.8+0.2-9.5

-6.6+6.9-13.4+0.1-6.7

-3.8+9.1-13.0+0.3-4.1

-0.4+11.6-11.9+0.1-0.5

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 187Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

RSWM's board approved allotment of 24,70,000 convertible warrants at Rs.146 each (face value Rs.10, premium Rs.136) to LNJ Textiles Advisory LLP, a promoter group entity. 25 percent of consideration has been received. Warrants can be converted into equal equity shares within 18 months on payment of remaining 75 percent. Paid-up equity capital remains unchanged until conversion.

Likely market impact

Promoter group infusion signals confidence; potential equity dilution if warrants are converted within 18 months.