RSWM shareholders approved all six resolutions at its 65th annual general meeting held on August 26, 2026. The approvals included the adoption of audited financial statements for FY26 and the ratification of cost auditor remuneration.

The company also secured shareholder consent for its Employee Stock Option Plan 2026, covering both parent and subsidiary employees, alongside the reappointment of two retiring directors.

Voting Participation and Results

Shareholders holding shares as on August 19, 2026 were eligible to vote. The meeting was conducted via video conferencing or other audio-visual means without physical presence at a common venue, in compliance with Ministry of Corporate Affairs circulars.

Promoter and promoter group shareholders demonstrated near-total engagement, casting votes on 99.99% of their holdings for key resolutions. Public institutional participation ranged between 46% and 53% of outstanding shares, while public non-institutional participation remained below 4%.

Key Resolutions Approved

All resolutions passed with requisite majorities. The specific outcomes are detailed below:

Mahesh Kumar Gupta of Mahesh Gupta & Co. served as the scrutinizer for the e-voting process. The remote e-voting period ran from August 22 to August 25, 2026.

Meeting Proceedings and Leadership

Riju Jhunjhunwala, Chairman & Managing Director and CEO, chaired the meeting. He addressed members on the company's operations and performance for the year ended March 31, 2026, as well as the first quarter of the current fiscal year 2026-27.

Rajeev Gupta, Joint Managing Director, explained the objectives and implications of the resolutions. He also responded to queries from shareholders registered as speakers. The Joint Managing Director announced that the combined results of e-voting and voting at the AGM, along with the Scrutinizer's Report, would be placed on the company's website and the NSDL website not later than two working days from the conclusion of the AGM, i.e., on or before August 28, 2026.

The following key personnel were present during the meeting:

• Riju Jhunjhunwala (Chairman & Managing Director and CEO)
• Ravi Jhunjhunwala (Director)
• Shekhar Agarwal (Director)
• Arun Kumar Churiwal (Director)
• Rajeev Gupta (Joint Managing Director)
• Archana Capoor (Independent Director)
• Surya Kant Gupta (Independent Director)
• Suman Jyoti Khaitan (Independent Director)
• Sunil Dharamvir Dhawan (Independent Director)
• Thomas Varghese (Independent Director)
• Gaurav Lodha (Audit Partner, Lodha & Co LLP, Statutory Auditor)
• Manoj Kumar Bansal (Chief Transformation Officer & Chief Risk Officer)
• Nitin Tulyani (Chief Financial Officer)
• Surrender Gupta (Chief Compliance Officer and Company Secretary)

RSWM Limited reported a 16.1% year-on-year increase in earnings before interest, tax, depreciation, and amortization (EBITDA) to ₹94 crore for the first quarter of fiscal year 2027 (Q1 FY27), driven by gross margin expansion to 39.8%. The company’s revenue from operations grew 1.7% sequentially to ₹1,161 crore, while profit after tax (PAT) surged to ₹17 crore from ₹7 crore in the corresponding quarter last year, excluding a one-time tax benefit in Q4 FY26.

The financial performance was supported by strong domestic demand and operational efficiencies, despite subdued export volumes due to geopolitical tensions in West Asia and elevated crude oil prices. Management highlighted that the company is maintaining disciplined cost management under its RSWM 2.0 initiative, focusing on value-added products and sustainable manufacturing.

Financial Performance Highlights

*Figures for Q4 FY26 and Q1 FY26 derived from percentage changes stated in the transcript.

Strategic Expansions and New Ventures

RSWM Limited announced two significant strategic initiatives during the call:

1. Denim Garment Joint Venture: The Board approved a joint venture for a denim garmenting unit. RSWM will be the majority shareholder. Phase 1 aims for a capacity of 5 lakh pieces per month, with potential expansion in subsequent phases. The unit will operate independently, sourcing fabric internally or externally based on commercial viability.
2. PET Recycling Project: The company has commenced construction for a bottle-to-bottle (B2B) recycling project with a capacity of 50,000 metric tons per year. Expected to generate ₹500 crore in revenue, the project targets trials in Q4 FY27 and commercial production in Q1 FY28. Industry-standard EBITDA margins are projected at around 15%.

Operational Insights

Capacity utilization remained robust across segments: synthetic yarn at 96%, cotton yarn at 98%, and mélange yarn at 92-93%. Fabric capacity utilization stood at 90% for denim and mid-80s for knitwear. The company noted that renewable energy consumption rose to approximately 60% in the quarter, contributing to a 10% reduction in power and fuel costs compared to the previous quarter.

What the Numbers Show

The divergence between revenue growth (1.7% sequential) and EBITDA growth (10.1% sequential) underscores the impact of margin expansion rather than volume-led growth. While export demand remained soft due to geopolitical disruptions, the company offset this through higher domestic sales and improved product realization. The shift towards renewable energy is beginning to yield tangible cost savings, with management targeting ₹40 crore in annual power cost reductions through efficiency gains alone.

Regulatory Compliance

The earnings call transcript was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Surender Kumar Gupta, Chief Compliance Officer and Company Secretary, signed the disclosure dated August 11, 2026.