RSWM Limited has published newspaper advertisements for its Extra-Ordinary General Meeting (EGM) scheduled for Friday, May 8, 2026 at 2:00 PM through video conferencing to seek shareholder approval for a preferential issue of convertible warrants to its promoter group.

Regulatory Compliance and Publication

In compliance with Regulations 30 and 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has published the EGM notice on April 16, 2026 in multiple newspapers. The notice appeared in the English newspaper "Business Standard" (all editions) and Hindi newspapers "Business Remedies" and "Nafa Nuksan" (Jaipur editions). The notice has also been uploaded on the company's website at www.rswm.in .

Meeting Details and Purpose

The EGM will be conducted through Video Conferencing (VC) and Other Audio Visual Means (OAVM) facility, with the proceedings deemed to be held at the company's registered office in Kharigram, P.O. Gulabpura, Rajasthan. The primary agenda involves seeking approval for the preferential issue to promoter/promoter group entities under applicable provisions of Chapter V of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Warrant Issue Specifications

The company proposes to issue and allot up to 24,70,000 convertible warrants at Rs. 146/- per warrant, including a premium of Rs. 136/- each. The warrants will be issued to M/s LNJ Textiles Advisory LLP, a promoter group entity.

Key Terms and Conditions

The convertible warrants carry specific terms designed to comply with regulatory requirements:

• Conversion Period: Warrant holders can exercise the option to convert warrants into equity shares within 18 months from the date of allotment
• Payment Structure: 25% of the warrant price payable on allotment, with the remaining 75% due before conversion
• Allotment Timeline: Warrants to be allotted within 15 days from the date of passing the resolution
• Equity Share Rights: Converted equity shares will rank pari-passu with existing equity shares
• Lock-in Period: Subject to lock-in provisions as specified under SEBI ICDR Regulations

Fund Utilization and Financial Impact

The preferential issue aims to raise up to Rs. 36.06 crores, with funds allocated for specific corporate purposes:

E-Voting and Participation Details

Shareholders can participate in remote e-voting from May 5, 2026 at 9:00 AM to May 7, 2026 at 5:00 PM. The record date for determining voting eligibility is Friday, May 1, 2026. The company has appointed Shri Mahesh Kumar Gupta, Practicing Company Secretary, as the Scrutinizer for the e-voting process.

Pricing Methodology and Compliance

The relevant date for pricing determination is Wednesday, April 8, 2026, being 30 days prior to the EGM date. The issue price of Rs. 146/- per warrant has been determined in accordance with Regulation 164(1) of SEBI ICDR Regulations, 2018, based on the higher of 90 Trading Days Volume Weighted Average Price and 10 Trading Days Volume Weighted Average Price preceding the relevant date.

Shareholding Impact

Post-conversion of warrants, the shareholding pattern will witness changes in promoter group holdings:

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 .