RSWM Ltd Extends Intercompany Loan to Wholly Owned Subsidiary, LNJ Greenpet
RSWM Limited has entered into an intercorporate loan agreement with its wholly owned subsidiary, LNJ Greenpet Private Limited. The agreement was executed on July 6, 2026, providing financial assistance related to the subsidiary's Bottle-to-Bottle Project.The financing is explicitly linked to funding needs arising from the development of the project by LNJ Greenpet Private Limited. This action aligns with the objectives established during a prior preferential issue of Convertible Warrants undertaken by RSWM Ltd.
RSWM Limited holds 100% stake in LNJ Greenpet Private Limited, establishing the subsidiary as a wholly owned entity. The transaction has been confirmed to be conducted at an arm's length basis.
A summary of the loan agreement and related transactional details is provided below:
| Particular | Details |
|---|---|
| Lender | RSWM Limited |
| Borrower | LNJ Greenpet Private Limited |
| Nature of Loan | Inter Corporate Loan |
| Maximum Amount | Not exceeding INR 44.33 Crore |
| Date of Execution | July 6, 2026 |
| Security Provided | Nil |
The agreement confirms the relationship between the two companies, with RSWM Limited acting as the holding company and LNJ Greenpet Private Limited operating as its Wholly Owned Subsidiary.
RSWM Stock Price Movement
Shares of RSWM Limited today edged higher, settling at ₹196.2 after posting a 0.74% gain in the post-market session. The equity saw a trading volume of 20,660 shares as it closed for the day.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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