RSWM Limited Formalizes Management Appointments Following Successful Postal Ballot

RSWM Limited has formally notified stock exchanges regarding the successful completion of its postal ballot proceedings, confirming key management appointments and remuneration adjustments that received overwhelming shareholder approval.

Postal Ballot Results Overview

The company announced the results on March 27, 2026, confirming that both resolutions were passed with requisite majority by shareholders through remote e-voting:

Resolution:	Approval Rate	Total Votes Cast
Resolution No.1: Re-Appointment of Shri Riju Jhunjhunwala as Managing Director	98.40%	2,59,63,718
Resolution No.2: Revision in Remuneration of Shri Rajeev Gupta, Joint Managing Director	99.64%	2,73,70,548

Management Appointments Confirmed

Following the successful postal ballot, RSWM Limited has formally intimated both BSE and NSE under Regulation 30 of SEBI Listing Regulations regarding the management changes. Shri Riju Jhunjhunwala (DIN: 00061060) has been re-appointed as Managing Director for a three-year term from May 1, 2026 to April 30, 2029.

Appointment Details:	Information
Name	Shri Riju Jhunjhunwala
DIN	00061060
Position	Managing Director (Key Managerial Personnel)
Term Period	May 1, 2026 to April 30, 2029 (3 years)
Relationship	Son of Shri Ravi Jhunjhunwala, Director

Detailed Voting Analysis

The postal ballot process demonstrated strong shareholder participation across different categories. For Resolution No.1 regarding Managing Director re-appointment, promoters and promoter group showed unanimous support with 100.00% approval, while public institutional investors had mixed response with only 22.58% voting in favor.

Shareholder Category:	Votes in Favour	Votes Against	Approval Rate
Promoters and Promoter Group	2,48,22,783	0	100.00%
Public - Institutional	93,750	3,21,386	22.58%
Public - Non Institutional	6,30,869	94,930	86.92%

For Resolution No.2 concerning remuneration revision for Shri Rajeev Gupta (DIN: 02049516), Joint Managing Director, the approval was even stronger across all categories, with promoters maintaining 100.00% support and public institutional investors showing complete approval.

Leadership Profile and Regulatory Compliance

Shri Riju Jhunjhunwala serves as Chairman & Managing Director and CEO of RSWM Limited and Vice Chairman of HEG Limited. He is a Graduate from University of Bradford with Bachelor of Science in Business & Management Studies. The company confirmed that he is not debarred from holding office of Managing Director by virtue of any SEBI order or other authority.

The postal ballot was conducted in accordance with Section 110 read with Section 108 of the Companies Act, 2013, and Regulation 44(3) of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The voting period extended from February 25, 2026 (9:00 AM) to March 26, 2026 (5:00 PM), with 28,399 total shareholders on record as of the cut-off date of February 20, 2026.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-4.53%	-10.80%	-18.09%	-20.77%	-9.48%	+1.00%

RSWM Limited has announced the resignation of Shri Brij Mohan Sharma from his position as Non-Executive Non-Independent Director, effective immediately from March 19, 2026. The resignation was submitted via email on the same date, with Sharma citing personal reasons for his decision to step down from the board.

Director's Resignation Details

The company received Sharma's resignation through an official email communication addressed to the management on March 19, 2026. In his resignation message, Sharma expressed gratitude for his association with the company, describing it as "a great journey with RSWM in my professional career, with piles of memories of last 15 years."

Parameter:	Details
Director Name:	Shri Brij Mohan Sharma
DIN:	08195895
Position:	Non-Executive Non-Independent Director
Resignation Date:	March 19, 2026
Effective Date:	Immediate
Reason:	Personal reasons

Regulatory Compliance

RSWM Limited has fulfilled its regulatory obligations by making the necessary disclosures under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed both BSE Limited and National Stock Exchange of India Limited about the directorship change.

The formal disclosure confirms that Sharma has no relationships with other directors on the company's board. The resignation documentation has been made available on the company's website at www.rswn.in as part of transparency requirements.

Director's Message

In his farewell communication, Sharma extended his continued support to the organization, stating he would remain "available 24X7 to all RSWMites in case any assistance is needed from me in days ahead." He also wished the team well for the upcoming Indian New Year 2083 and expressed appreciation for the promoters, board, and management team.

Company Background

RSWM Limited, formerly known as Rajasthan Spinning & Weaving Mills Limited, operates with its corporate office in Noida and registered office in Gulabpura, Rajasthan. The company's Corporate Identification Number is L17115RJ1960PLC008216, and it maintains operations across multiple locations in India.