Joint Venture6 Aug 2026, 02:52 pm
RSWM Ltd Approves Financials, Sets Up Denim JV
AI Summary
RSWM Ltd's Board of Directors, in a meeting held on August 5, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The company also approved the establishment of a Denim Garment facility with an approximate project cost of ₹186.30 crores through a joint venture with NDS9 Private Limited. The JV company, to be named LNJ NDS9 Global Private Limited, will become a subsidiary of RSWM Ltd upon incorporation. The project cost will be funded by a 30% equity contribution and 70% term loans. The company also uploaded this information on its website.
Key Highlights
- Approved unaudited standalone and consolidated financial results for Q1 FY27.
- Approved setting up a Denim Garment facility via joint venture.
- Joint venture project cost estimated at ₹186.30 crores.
- JV company to be named LNJ NDS9 Global Private Limited.
- Project to be funded by 30% equity and 70% debt.
Price Impact
More from RSWM