RSWM has completed an agreement to purchase shares from Bhilwara Energy and LNJ Greenpet. The company announced the finalization of this share acquisition transaction.

Transaction Details

The textile manufacturer has successfully concluded negotiations for the share purchase agreement with both Bhilwara Energy and LNJ Greenpet. However, specific details regarding the transaction value, number of shares acquired, or the strategic rationale behind these acquisitions have not been disclosed.

Corporate Development

This share purchase represents a corporate development for RSWM, involving transactions with two separate entities. The completion of the agreement indicates that all necessary approvals and conditions precedent for the transaction have been satisfied.

RSWM has executed a significant business transition, terminating its existing contract with Didwania Trading and immediately securing a new ₹52.00 crore agreement with Malik Heights on December 10, 2025. The textile company disclosed these developments in its regulatory filing, marking a strategic shift in its asset divestment plans.

Contract Termination and New Agreement

The company's original agreement with Didwania Trading Company for the sale of redundant and non-operational thermal power plant assets (2x23MW) was terminated on December 10, 2025, after Didwania Trading informed RSWM of their inability to complete the contract. On the same day, RSWM entered into a new agreement with Malik Heights, New Delhi, for the same assets at a total consideration of ₹52.00 crore.

Asset Divestment Strategy

The transaction involves the sale of redundant and non-operational thermal power plant assets, representing RSWM's continued focus on optimizing its asset portfolio. The company confirmed that Malik Heights is not a related party, ensuring the transaction's independence and regulatory compliance.

Business Impact

This seamless transition from one buyer to another demonstrates RSWM's ability to maintain business continuity and secure alternative arrangements when faced with contract challenges. The successful completion of a new agreement on the same day as the termination indicates strong market interest in the company's assets and effective business development capabilities in the competitive textile industry.