RSWM Limited — Others, 12-11-2024: Amendment to AOA/MOA

RSWM Limited has announced a board meeting where the board approved the unaudited financial results for the quarter and half-year, highlighting a consolidated revenue from operations of ₹2,373.99 crore, a sharp increase from ₹1,909.14 crore year-over-year. The company reported a net loss of ₹50.43 crore for the half-year, improved from ₹105.56 crore last year. Additionally, the board approved an amendment to increase borrowing limits from ₹2,000 crore to ₹3,000 crore, subject to shareholder approval. The appointment of Shri Rajesh Ramchandra Singh as Business Head & CEO of the Denim Business is expected to drive strategic growth. Investor sentiment may turn positive due to improved financials and leadership enhancement.