RSWM Limited — Important, 10-03-2025: General Updates

The Board has approved the execution of a share subscription and shareholders' agreement with Singularity Growth Opportunities Fund II and existing shareholders of Bhilwara Energy Limited (BEL). This agreement facilitates an investment of INR 250 Crore in BEL, allowing the investors to acquire 1,75,95,979 equity shares, representing a 9.6% stake in the company post-transaction. Additionally, Singularity has the option for an additional investment of INR 250 Crore.

The agreement ensures that Singularity may appoint one director to BEL's board and includes provisions that afford existing shareholders the right to subscribe to future securities in proportion to their holdings. Notably, the current ownership of RSWM in BEL will decrease from 7.56% to 6.83% post-investment. This strategic move signals potential growth for BEL and enhances RSWM's operational portfolio, suggesting a positive outlook for stakeholders. Investors should monitor the execution and impacts of this transaction closely.