Voting Results along with Scrutinizer''s Report of EGM held on 08.05.2026
RSWM · price
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RSWM Limited held an Extraordinary General Meeting on May 8, 2026, through video conferencing to pass a Special Resolution for issuing warrants convertible into equity shares to persons belonging to the Promoter/Promoter Group category on a preferential basis. The resolution was passed with overwhelming majority - 99.99% votes in favor (2,65,66,279 votes) against only 1,931 votes. Promoters cast all their 2,56,21,703 shares in favor, and even among public non-institutional shareholders, the resolution received 99.69% approval. The company stated that promoters are interested in this agenda. Total valid votes cast represented 56.41% of outstanding shares.
Shareholders approved a potential capital infusion through preferential issuance of convertible warrants to promoters, which could dilute equity but may also bring additional funds into the company. The near-unanimous approval indicates strong promoter commitment and shareholder confidence in the move.