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.

RSWM Limited , a prominent player in the textile industry, has announced a significant development regarding its subsidiary, Bhilwara Energy Limited (BEL). Singularity Growth Opportunities Fund II has exercised its additional investment option in BEL, marking a substantial expansion of its stake in the energy company.

Investment Details

The board of directors of Bhilwara Energy Limited has approved the allotment of 1,75,95,979 partly paid-up equity shares at INR 142.08 per share. This move comes as part of an additional investment of approximately INR 250 crore by Singularity and its affiliates in BEL.

Financial Implications

• Initial Payment: BEL has received INR 25 crore as an initial payment, representing 10% of the additional subscription amount.
• Share Price: The shares were allotted at INR 142.08 per share.
• Total Investment: This additional investment follows an earlier infusion of about INR 250 crore by Singularity and its affiliates in BEL.

Ownership Structure

Following this additional allotment, the investors' holdings in Bhilwara Energy Limited will see a significant increase:

This substantial increase in ownership underscores the growing confidence of Singularity Growth Opportunities Fund II in BEL's potential and future prospects.

Terms of Agreement

According to the Share Subscription and Shareholders' Agreement (SSSHA), the remaining 90% of the additional subscription amount will be paid when called upon by BEL. This flexible payment structure allows for strategic capital deployment aligned with BEL's growth plans.

Corporate Disclosure

RSWM Limited, in compliance with regulatory requirements, has disclosed this development under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company considers this a material development, highlighting its significance for shareholders and the market.

Conclusion

This additional investment by Singularity Growth Opportunities Fund II in Bhilwara Energy Limited marks a notable milestone for RSWM Limited. It not only infuses substantial capital into BEL but also signals strong investor confidence in the company's growth trajectory and operational capabilities in the energy sector.

Investors and market watchers will likely keep a close eye on how this increased investment translates into strategic initiatives and growth for Bhilwara Energy Limited in the coming months.