RSWM Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on May 08, 2026. Further, the company has informed the Exchange regarding voting results.
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RSWM Limited held an Extraordinary General Meeting on May 8, 2026, via video conferencing to consider issuance of warrants convertible into equity shares to persons belonging to the Promoter/Promoter Group category on preferential basis. The resolution was passed as a Special Resolution with overwhelming shareholder approval - 99.99% in favor (2,65,66,279 votes) against only 1,931 votes against out of 2,65,68,210 total votes cast. Promoters voted all their shares (2,56,21,703) in favor. The voting participation was 56.41% of outstanding shares. Mahesh Kumar Gupta of Mahesh Gupta & Co. acted as the Scrutinizer and confirmed all resolutions were passed with requisite majority.
Shareholders approved the preferential issuance of warrants to promoters, which may lead to dilution of equity. The near-unanimous approval signals strong promoter control and confidence in the company's strategy. The warrant conversion will increase the promoter holding and total share count.