RSWM Allots 24.7 Lakh Convertible Warrants at Rs 146 Per Warrant
RSWM Limited announced on June 9, 2026, that its Board of Directors approved the allotment of convertible warrants following prior shareholder approval and receiving in-principle clearance from stock exchanges. The allotment involves 24,70,000 convertible warrants at a price of Rs 146/- per warrant.The company formalized the decision through a resolution passed by circulation. This action followed the receipt of shareholders' approval during an Extraordinary General Meeting held on May 8, 2026. The allotment was also contingent upon obtaining in-principle approvals from National Stock Exchange of India Limited and BSE Limited, received on May 27, 2026.
The convertible warrants are designated to be converted into an equivalent number of equity shares of face value Rs 10/- each. For the transaction, a premium of Rs 136/-, including the purchase price of Rs 146/-, was applicable per warrant. RSWM Limited confirmed that 25% of the total consideration payable against each warrant has been received from the respective allottee.
The details of the allotted warrants are as follows:
| Sr. No. | Name of Allottee | Number of Convertible Warrants Allotted | Category |
|---|---|---|---|
| 1 | LNJ Textiles Advisory LLP | 24,70,000 | Promoter Group |
| Total | 24,70,000 |
The warrants grant the allottee an option to convert and receive one equity share of face value Rs 10/- against each warrant. This conversion must be executed within a period of 18 months from the date of allotment. The remaining 75% of the issue price must be paid upon exercising this option.
RSWM Limited stated that while the warrants are allotted, the company's paid-up equity share capital has not increased and will be adjusted at the time of conversion into equity shares.
RSWM Stock Price Movement
RSWM Limited shares closed higher today, climbing to ₹213.4 after gaining 4.71%. The stock traded within an intraday range of ₹204.37 to ₹215, with a total volume of 549,599 shares recorded during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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