RSWM Limited has informed the Exchange about issue of Securities
RSWM · price
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On the reaction day the stock moved 8.7 pts more than Nifty Microcap 250 and 9.3 pts more 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's board has approved a preferential issue of up to 24,70,000 convertible warrants to LNJ Textiles Advisory LLP (Promoter Group), aiming to raise around Rs. 36.06 crore. The issue price is fixed at Rs. 146 per share, which includes a premium of Rs. 136 over the face value of Rs. 10, and the company has stated this price is higher than today's closing market price. Each warrant is convertible into one equity share within 18 months from the date of allotment, with full conversion price payable upfront at the time of exercise. On a fully diluted basis (assuming full conversion), the allottee's shareholding would be 4.98% of the company. The board has also scheduled an Extra-Ordinary General Meeting on May 8, 2026, to seek shareholder approval, with April 10, 2026, set as the cut-off date for determining e-voting eligibility.
This is a positive signal of promoter confidence, as the promoter group is willing to invest fresh capital at a price above the current market. Existing shareholders may see modest dilution of about 4.98% upon full warrant conversion, but the premium pricing reflects the promoter's belief in the company's intrinsic value.