RSWM

RSWM Limited incorporated LNJ NDS9 Global Private Limited as the joint-venture company for a ₹186.30 crore denim-garment facility, receiving its certificate of incorporation on August 21. RSWM owns 74% of the venture and NDS9 Private Limited owns the remaining 26%, while the new entity has authorised share capital of ₹1 crore divided into 10 lakh shares. The joint-venture agreement was signed on August 11, with the project structured around 30% equity and 70% term-loan funding. RSWM reported revenue of ₹4,554 crore and debt of ₹1,510 crore for FY26.

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RSWM Limited entered into a joint venture agreement with Spain-based Noize Design Studio (NDS9) to establish LNJ NDS9 Global Private Limited, a design-led garment manufacturing platform in India. RSWM was to hold 74% of the venture and NDS9 26%; Phase 1 was designed for 500,000 denim garments a month, while Phase 2 was planned to add 1 million denim and activewear garments, taking total capacity to 1.5 million garments a month. The initial investment for Phase 1 was estimated at about ₹186 crore, with RSWM leading manufacturing and NDS9 handling design, product development, sales and marketing. RSWM reported FY26 revenue of ₹4,554 crore, with yarn contributing roughly 78% of group segment revenue and fabric about 22%.

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RSWM Limited's board approved setting up a denim garment manufacturing facility at a project cost of ₹186.30 crore through a joint venture with NDS9 Private Limited, and cleared the incorporation of the proposed JV company, LNJ NDS9 Global Private Limited, which will become a group subsidiary on formation. The company also reported unaudited June-quarter results, with standalone profit of ₹16.74 crore on revenue of ₹1,161 crore, against ₹6.96 crore a year earlier, and consolidated profit of ₹19.65 crore. The project is to be funded 30% through equity and 70% through term loans, with RSWM running manufacturing and operations and NDS9 overseeing design and marketing. The foray builds on RSWM's denim fabric business and its push up the yarn and fabric value chain, which has driven four consecutive profitable quarters through the turnaround.

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RSWM reported a standalone net profit of ₹16.74 crore for the June quarter on revenue of ₹1,161 crore, more than double the year-ago profit of ₹6.96 crore on roughly flat revenue. The board also approved setting up of a denim garment unit at a project cost of ₹186.30 crore in a joint venture with NDS9 Private Limited, to be funded through 30% equity and 70% term loans. The venture, to be incorporated as a private limited company, will become an RSWM subsidiary. The move extends the company's push up the value chain into garments, building on its LNJ Denim fabric business and its stated strategy of shifting toward fabric and knits value-added products.

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May 6 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM LTD MARCH-QUARTER CONSOL NET PROFIT 338.4 MILLION RUPEES

• RSWM LTD MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 11.42 BILLION RUPEES

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Further company coverage: RSWM.NS

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April 13 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM LTD - RECEIVES RAJASTHAN HIGH COURT ORDER ON 110.7 MILLION RUPEES ELECTRICITY DUTY LEVY

• RSWM - GETS ORDER FOR RAJASTHAN AT JODHPUR DISPOSING OF CO'S APPEAL IN MATTER OF LEVY OF ELECTRICITY DUTY

Source text: ID:nBSE2XLslP

Further company coverage: RSWM.NS

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April 10 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM - GOT TAX APPEAL EFFECT ORDERS; REFUNDS 127.3 MILLION RUPEES, 122.4 MILLION RUPEES RECEIVABLE BY CO

Source text: ID:nBSE6dytQp

Further company coverage: RSWM.NS

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April 9 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM LTD - APPROVES 360.6 MILLION RUPEES FUNDRAISE

Source text: ID:nBSE1RvSXS

Further company coverage: RSWM.NS

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April 6 (Reuters) - RSWM Ltd RSWM.NS:

• BOARD TO CONSIDER FUND RAISING VIA EQUITY AND SECURITIES ISSUANCE

Source text: ID:nBSE635fB6

Further company coverage: RSWM.NS

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Feb 11 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM LTD - REAPPOINTS RIJU JHUNJHUNWALA AS MD FOR 3 YEARS

Source text: ID:nNSE7l32n3

Further company coverage: RSWM.NS

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Jan 21 (Reuters) - RSWM Ltd RSWM.NS:

• EXECUTES SHARE PURCHASE AGREEMENT WITH BHILWARA ENERGY AND LNJ GREENPET

Source text: ID:nBSE5PrJMP

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Dec 6 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM LTD - APPOINTS RAJEEV GUPTA AS CEO

Source text: ID:nBSECQd5c

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Nov 12 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM LTD SEPT-QUARTER CONSOL NET LOSS 175.5 MILLION RUPEES

• RSWM LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 11.66 BILLION RUPEES

Source text: ID:nBSE6GyHlR

Further company coverage: RSWM.NS

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Aug 9 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM JUNE-QUARTER CONSOL NET LOSS 147.3 MILLION RUPEES

• RSWM JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 12.08 BILLION RUPEES

Source text for Eikon: ID:nBSE2PMv1Q

Further company coverage: RSWM.NS

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July 12 (Reuters) - RSWM Ltd RSWM.NS:

• RSWM TO SELL THERMAL POWER PLANT FOR 480.1 MILLION RUPEES

Source text for Eikon: ID:nBSE64z2fD

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Dec 1 (Reuters) - Ginni Filaments Ltd GNNI.NS:

• SIGNED A BINDING TERM SHEET ON DECEMBER 1 WITH GINNI FILAMENTS LIMITED

• A BINDING TERM BINDING TERM FOR PROPOSED ACQUISITION OF ITS SPINNING, KNITTING AND PROCESSING UNDERTAKING IN MATHURA

• DEAL FOR 1.60 BILLION RUPEES

• CO NOT ACQUIRING ANY SHARES IN GFL PURSUANT TO PROPOSED TRANSACTION

• PROPOSED TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN 90 DAYS OF EXECUTION OF BINDING TERM SHEET

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Nov 9 (Reuters) - RSWM Ltd RSWM.NS:

• SEPT-QUARTER CONSOL NET LOSS 91.8 MILLION RUPEES VERSUS PROFIT 201.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.07 BILLION RUPEES VERSUS 9.54 BILLION RUPEES

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Further company coverage: RSWM.NS

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Aug 10 (Reuters) - RSWM Ltd RSWM.NS:

• INDIA'S RSWM LTD JUNE-QUARTER CONSOL NET LOSS 134.4 MILLION RUPEES VERSUS PROFIT 713.6 MILLION RUPEES

• RSWM LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 9.02 BILLION RUPEES VERSUS 10.24 BILLION RUPEES

Source text for Eikon: ID:nBSE5Bgh2r

Further company coverage: RSWM.NS

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Aug 2 (Reuters) - RSWM Ltd RSWM.NS:

• SPINDLES OF COMPACT COTTON YARN AND LODHA UNIT MADE PARTIALLY OPERATIONAL W.E.F. 2 AUGUST, 2023

Source text for Eikon: ID:nNSE5HZYBj

Further company coverage: RSWM.NS

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