RSWM Limited , a prominent player in the textile industry, has taken a significant step towards modernizing its operations and expanding its production capacity. The company has entered into an agreement with Birla Advanced Knits Private Limited to purchase dying, processing, and knitting machinery worth Rs 54.11 crores.

Expansion Details

The newly acquired machinery will be installed at RSWM's Mordi and Chhata Units, aiming to modernize operations and enhance the company's knitting business capacity. Here's a breakdown of the key details:

Strategic Rationale

The expansion strategy includes the addition of a printing facility, which is expected to play a crucial role in meeting the demands of garment manufacturers both in India and abroad. This move is aligned with RSWM's goal of offering a comprehensive product range to its customers.

Market Implications

With ongoing Free Trade Agreements (FTAs) and an improving product mix, RSWM anticipates that this investment will significantly enhance its growth opportunities. The company expects that by broadening its product offerings, it will be able to improve overall capacity utilization.

Company Background

RSWM Limited, formerly known as Rajasthan Spinning & Weaving Mills Limited, is a well-established entity in the Indian textile sector. The company's corporate office is located in Noida, while its registered office is in Bhilwara, Rajasthan.

This strategic move by RSWM Limited demonstrates the company's commitment to staying competitive in the evolving textile market landscape. By modernizing its operations and expanding its capacity, RSWM is positioning itself to better serve its customers and potentially capture a larger market share in the coming years.

RSWM Limited , a prominent textile manufacturer, has initiated a proactive 100-day campaign called 'Saksham Niveshak' to engage shareholders and prevent the transfer of unclaimed dividends to the Investor Education and Protection Fund (IEPF). The company is taking steps to ensure that shareholders can claim their rightful funds before they are transferred to the IEPF.

Campaign Details

The 'Saksham Niveshak' campaign, which translates to 'Capable Investor', is designed to reach out to shareholders who have unclaimed dividends. RSWM Limited is sending personalized communications to these shareholders, urging them to claim their funds promptly. This initiative demonstrates the company's commitment to shareholder welfare and financial transparency.

Claiming Process

Shareholders with unclaimed dividends are required to submit the following documents to initiate the claiming process:

1. A letter of undertaking (provided by the company)
2. Self-attested copies of PAN card
3. Address proof
4. A cancelled cheque

These documents should be submitted to the company's registrar and transfer agent, MCS Share Transfer Agent Limited, located in New Delhi.

Importance of the Initiative

The campaign is crucial as it aims to prevent the automatic transfer of unclaimed dividends to the IEPF, a fund established by the government of India. By encouraging shareholders to claim their dividends, RSWM Limited is ensuring that investors retain their rightful earnings and maintain active engagement with their investments.

Accessibility of Information

To facilitate easy access to campaign information, RSWM Limited has made all relevant details available on its official website, www.rswm.in . This move ensures transparency and allows shareholders to readily access the information they need to claim their dividends.

Corporate Governance

This initiative by RSWM Limited underscores the company's focus on good corporate governance practices. By actively reaching out to shareholders and assisting them in claiming their unclaimed dividends, the company is demonstrating its commitment to shareholder rights and financial responsibility.

The 'Saksham Niveshak' campaign serves as a reminder to all investors to regularly review their investment portfolios and ensure they are claiming all dividends and benefits due to them. It also highlights the importance of keeping personal and banking information up to date with companies in which one holds shares.

Shareholders of RSWM Limited are encouraged to respond promptly to the company's communications and take necessary actions to claim their unclaimed dividends within the campaign period.