Board Meeting5 Aug 2026, 05:10 pm
RSWM Ltd Board Approves Unaudited Q1 FY27 Results, New JV
AI Summary
RSWM Ltd's Board of Directors met on August 5, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also approved the establishment of a Denim Garment facility with an approximate project cost of ₹186.30 crores, in a joint venture with NDS9 Private Limited. The project will be funded by 30% equity and 70% term loans. A joint venture company, LNJ NDS9 Global Private Limited, will be incorporated and will become a subsidiary of RSWM Ltd.
Key Highlights
- Board approved unaudited financial results for Q1 FY27.
- Approved setting up a Denim Garment facility.
- Project cost estimated at ₹186.30 crores.
- Joint venture with NDS9 Private Limited.
- JV company to become a subsidiary upon incorporation.
Price Impact
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