RSWM Ltd

ESG rating update

• ICRA ESG Ratings assigned ESG Impact Rating 70 (Good) to RSWM on Sept 29, 2026.
• Rating letter is enclosed with the intimation and published on the company website.
• Rating is due for surveillance within one year, with potential revisions if new information becomes available.
• ESG rating breakdown shows Environment 67 Good, Social 82 Outstanding, Governance 63 Good.
• ICRA ESG may review or revise ratings based on new information or missing data.
• The rating is not a recommendation to buy, sell, or hold investments.
• No material financial metrics disclosed in the ESG rating update.

RSWM Ltd closes trading window from 1 October 2026 until 48 hours after the Board meeting to consider unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026.

Status: August 2026 re-lodgement requests

• No re-lodgement requests for physical share transfers were received, processed, approved, or rejected in August 2026.
• Average processing time is not applicable due to zero requests.
• Report dated 8 September 2026 from MCS Share Transfer Agent Limited accompanied the update.

ESG rating update

• ESG rating of 59 assigned on Sep 2, 2026 by ESG Risk Assessments & Insights Limited (SEBI-registered).
• Rating based on publicly available data; RSWM has not verified the data.
• Intimation uploaded to the company website.

AGM Details

• AGM held on 26-08-2026, 2:00–3:26 PM via VC/OAVM; record date 19-08-2026.

Key Resolutions & Outcomes

• Adopt Audited Financial Statements for year ended 31 March 2026; passed.
• To appoint Shri Ravi Jhunjhunwala as director, retiring by rotation; passed.
• To appoint Shri Arun Kumar Churiwal as director, retiring by rotation; passed.
• Approve formulation and adoption of RSWM Employee Stock Option Plan 2026 for company employees; passed.
• Approve ESOP Plan 2026 for subsidiaries' employees; passed.
• Ratify remuneration of Cost Auditors for year ending 31 March 2027; passed.

Director Changes

• Shri Ravi Jhunjhunwala re-appointed as director, retiring by rotation.
• Shri Arun Kumar Churiwal re-appointed as director, retiring by rotation.

Auditor Appointments

• Cost Auditor remuneration for FY2027 ratified.

AGM Details

• 65th AGM held on 26 August 2026 at 2:00 PM via VC/OAVM.
• Deemed venue: Registered Office, Bhilwara, Rajasthan.
• Quorum observed; meeting chaired by CMD & CEO.
• Results to be posted on company and NSDL websites within two working days.

Resolutions

• Ordinary: Adoption of Audited Financial Statements and Directors' Report.
• Ordinary: Re-appointment of Ravi Jhunjhunwala (retiring by rotation).
• Special: Re-appointment of Arun Kumar Churiwal (retiring by rotation).
• Special: Approval of Employee Stock Option Plan 2026 for employees.
• Special: Approval of ESOP for subsidiaries’ employees.
• Ordinary: Ratification of remuneration for Cost Auditors FY2027.

Auditors & Governance

• Statutory Auditor: Gaurav Lodha of Lodha & Co LLP present; no change announced.
• Cost Auditor remuneration ratified for FY2027: M/s. N. D. Birla & Co.
• Scrutinizer appointed: Mahesh Kumar Gupta, Practising Company Secretary.

JV formation

• Incorporation of LNJ NDS9 Global Private Limited JV with NDS9.
• RSWM to hold 74% and NDS9 26% in the JV.
• Estimated project cost ₹186.3 crore for denim garment facility.
• Authorized capital ₹1 crore (10 lakh shares of ₹10 each).
• Certificate of Incorporation received today.

Tax department visit

• Income Tax Department visited RSWM's corporate office on August 10, 2026 for books examination.
• Inspection completed and officials left the corporate office on August 13, 2026.
• RSWM states adherence to high ethical practices and transparency in governance.
• Information disclosed for record and website posting per regulatory requirement.

Meeting Details

• Date and time: August 5, 2026 at 5:30 PM IST.
• Event: Q1 FY27 Earnings Conference Call.
• Organizer: Rik Capital.
• Meeting type: group earnings conference call; mode: virtual teleconference.

Participants

• Joint Managing Director.
• Chief Transformation and Chief Risk Officer.
• President and CFO.
• Chief Compliance Officer and Company Secretary.
• Senior General Manager - Corporate Finance.

Purpose

• Discuss Q1 FY27 results and financial performance.
• Provide industry outlook and strategic updates.
• Answer analyst questions during Q&A.

Additional Notes

• Recording of the conference call; transcript and presentation available.
• Transcript enclosed and uploaded on stock exchanges; also on rswm.in.

JV and ownership

• RSWM and NDS9 enter into a JV to form LNJ NDS9 Global Private Limited.
• Equity split 74:26 in favour of RSWM and NDS9 respectively.
• Initial project investment estimated at INR 186 crore.

Capacity rollout

• Phase 1 installed denim capacity 0.5 million garments per month.
• Phase 2 adds 1.0 million denim/activewear per month.
• Total capacity after Phase 2: 1.5 million per month.

Platform scope

• Facility designed around Industry 5.0 with automation and AI sustainability.
• RSWM to lead manufacturing, procurement, quality, and supply chain.
• NDS9 to lead design, merchandising, and international sales.

Outlook and rationale

• Platform aims to become a future-ready, design-led denim and activewear hub.