RSWM Limited has executed a Joint Venture Agreement with NDS9 Private Limited ("NDS9") on August 11, 2026, for setting up a Denim Garment facility. This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and is in continuation of the Company's earlier disclosure dated August 5, 2026.
Key Details of the Joint Venture
- Project Cost: The estimated project cost is approximately ₹186.30 crore.
- Shareholding Structure: The proposed shareholding in the joint venture company is 74% by RSWM Limited and 26% by NDS9 Private Limited.
- Initial Share Capital: The present paid-up share capital of the proposed joint venture company is ₹1.00 crore, comprising 10,00,000 equity shares of face value ₹10 each.
- Equity Subscription:
- RSWM Limited will subscribe to 7,40,000 equity shares of ₹10 each, aggregating ₹74.00 lakh.
- NDS9 Private Limited will subscribe to 2,60,000 equity shares of ₹10 each, aggregating ₹26.00 lakh.
Funding Structure
The proposed project cost of ₹186.30 crore will be funded through:
- Equity Contribution: 30%
- Term Loans: 70%
The Company notes that this ratio may vary in accordance with the stipulations of the term lenders, as previously disclosed in its August 5, 2026 disclosure.
Status and Next Steps
The proposed joint venture company is presently under the process of incorporation. The Company has committed to making requisite disclosures to the Stock Exchanges upon incorporation of the joint venture company, in accordance with applicable provisions of the SEBI Listing Regulations.
The Company confirms that all requisite disclosures for this joint venture, as required under SEBI Listing Regulations, were already provided in its earlier disclosure dated August 5, 2026.
This information is also available on the company's website at www.rswm.in.