RSWM Limited has received significant income tax refunds totaling Rs 24.97 crore following favorable orders from the Income Tax Appellate Tribunal (ITAT), Jodhpur. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Tax Refund Details

The refunds pertain to two separate assessment years, with the company receiving substantial amounts including interest for both periods:

ITAT Orders and Appeal Process

The refunds stem from orders passed by Hon'ble ITAT, Jodhpur, which dismissed appeals filed by the revenue department for both assessment years. The Assistant Commissioner of Income Tax subsequently issued appeal effect orders implementing the tribunal's decisions. RSWM received these appeal effect orders on April 10, 2026.

Regulatory Compliance and Disclosure

RSWM has fulfilled its disclosure obligations by informing both BSE Limited and National Stock Exchange of India Limited about this development. The company emphasized that these tax refunds will have no impact on its operational activities, as confirmed in the regulatory filing.

Company Information

The disclosure was signed by Surender Gupta, Senior Vice President – Legal & Company Secretary, on behalf of RSWM Limited. The company, formerly known as Rajasthan Spinning & Weaving Mills Limited, maintains its corporate office in Noida and registered office in Gulabpura, Rajasthan. Additional information regarding this disclosure has been made available on the company's website at www.rswm.in .

RSWM Limited has submitted newspaper advertisements to stock exchanges informing shareholders about its Extraordinary General Meeting (EGM) scheduled for May 8, 2026. The meeting will be conducted through video conferencing and other audio-visual means in compliance with regulatory requirements.

EGM Meeting Details

The company has published advertisements in multiple newspapers to ensure widespread shareholder awareness about the upcoming EGM. The meeting details have been communicated through both English and Hindi publications to reach a broader shareholder base.

Regulatory Compliance and Communication

In accordance with Regulation 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has submitted copies of newspaper advertisements to both BSE Limited and National Stock Exchange of India Limited. The advertisements appeared in Business Standard (English - all editions) and Business Remedies & Nafa Nuksan (Hindi - Jaipur editions).

The company secretary, Surender Gupta (FCS-2615), has confirmed that all relevant information is being uploaded on the company's website at www.rswm.in for shareholder reference.

Fund Raising Context

This EGM follows the board's earlier approval of a ₹36.06 crore fund raising proposal through convertible warrants. The board had approved issuing 24.70 lakh convertible warrants at ₹146 per warrant to the promoter group, LNJ Textiles Advisory LLP. The warrants are convertible into equity shares within 18 months from the allotment date.

Shareholder Participation Process

Shareholders can participate in the EGM only through video conferencing facilities. The company will send electronic copies of the EGM notice via email to members whose email addresses are registered with the company, registrar, or depository participants as of the cut-off date of April 10, 2026.

For shareholders who haven't registered their email addresses, the company has provided detailed procedures for both physical and demat shareholding categories. The EGM notice will also be available on the company's website and stock exchange portals for easy access.