RSWM Limited has informed the Exchange about Preferential issue
RSWM · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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 raising INR 36.06 crore through issuance of up to 24,70,000 convertible warrants to promoter group entity LNJ Textiles Advisory LLP. Each warrant priced at Rs. 146 (including Rs. 136 premium) is convertible into one equity share of Rs. 10 face value. The issue price is noted as higher than the current market price. Conversion can happen anytime within 18 months from allotment. This will result in 4.98% dilution on fully diluted basis if all warrants are converted. The proposal requires shareholder approval at an EGM scheduled for May 8, 2026.
Promoter holding will increase by ~5% upon full conversion, which is dilutive for existing minority shareholders. However, the premium pricing (above market) indicates some protection against excessive dilution. The 18-month conversion window provides flexibility.