RSWM Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on May 08, 2026

Board & Shareholder Meetings View source PDF

RSWM · price

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Price reaction · full curve 14 horizons · vs prior close

+3.4%1-day move

₹150.03

prior close

₹154.57

base price

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AI summary

RSWM Limited has called an EGM on May 8, 2026 to seek shareholder approval for issuing up to 24,70,000 convertible warrants to LNJ Textiles Advisory LLP, a promoter group entity. Each warrant priced at Rs. 146 (including Rs. 136 premium) can be converted into one equity share of Rs. 10 face value within 18 months. The total potential issue size is approximately Rs. 36.06 crore. Payment terms require 25% on allotment and 75% before conversion. The relevant date for pricing is April 8, 2026. If warrant holders do not convert within 18 months, the 25% amount paid shall be forfeited.

Likely market impact

This preferential issue will dilute existing shareholders as new equity shares are issued upon conversion. The promoter group stake will increase, strengthening promoter holding. Forfeiture clause protects the company if conversion does not happen. Current shareholders should evaluate the pricing and dilution impact.