RSWM Limited has informed the Exchange about Preferential issue

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 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.

Likely market impact

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.