RSWM Limited has announced a senior management personnel change involving the transfer of a key executive to its subsidiary company as part of a strategic business restructuring.

Transfer Details

Shri Mahesh Kumar Yogi, who served as Business Head & Chief Executive – Sustainable Textile Business at RSWM Limited, has been transferred to LNJ Greenpet Private Limited, a wholly owned subsidiary of the company. The transfer takes effect from April 1, 2026, with Yogi assuming the position of Business Head B2B at the subsidiary.

Strategic Business Decision

The company described the personnel move as pursuant to a strategic business decision. Consequently, Shri Mahesh Kumar Yogi ceased to be Senior Management Personnel of RSWM Limited with effect from the close of business hours on March 31, 2026.

Regulatory Compliance

RSWM Limited has fulfilled its disclosure obligations 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 this change in senior management personnel. The disclosure information has also been made available on the company's website at www.rswm.in .

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 maintains its corporate identification number as L17115RJ1960PLC008216.

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:

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.

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.

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.