RSWM to guarantee Rs 300 crore term loan for subsidiary recycling project

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RSWM · price

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Price reactionminutes from the announcement price · days from the prior close

-3.1%Reaction day

₹158.00

prior close

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announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-2.6% vs market

Other Textile Products peers, median of 165sector+0.0%-3.1% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 3.1 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 165Pending

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AI summary

Board approved a corporate guarantee of up to Rs 300 crore to banks and NBFCs for a term loan to wholly owned subsidiary LNJ Greenpet Private Limited. The loan will fund a Bottle to Bottle PET recycling project with total capital outlay of about Rs 427 crores. The guarantee creates a contingent liability for RSWM. Board also reappointed Riju Jhunjhunwala as MD for 3 years and noted end of Independent Director Deepak Jain's term in May 2026.

Likely market impact

Creates a contingent liability of up to Rs 300 crore for RSWM, but supports subsidiary's expansion into PET recycling with about Rs 427 crore project outlay.