NSEGeneral Updates11 Aug 2026 · 11 Aug 2026, 01:10 pm
General Updates
RSWM Limited · RSWM
✦ AI SummaryJoint Venture
RSWM Limited has executed a joint venture agreement with NDS9 Private Limited to set up a denim garment facility with an estimated project cost of ₹186.30 crore. The proposed shareholding in the joint venture company will be 74% for RSWM and 26% for NDS9. The project will be funded through equity contribution and term loans in the ratio of 30% and 70%, respectively.
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Full Announcement
Update on Joint Venture Agreement
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RSWM/SECTT/2026
August 11, 2026
BSE Limited National Stock Exchange of India Limited
Corporate Relationship Department, Listing Department,
1st Floor, New Trading Ring, Exchange Plaza, C-1, Block - G,
Rotunda Building, P.J. Towers, Bandra-Kurla Complex,
Dalal Street, Bandra (East),
MUMBAI - 400 001 MUMBAI - 400 051
Scrip Code: 500350 Scrip Code: RSWM
Sub: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Update on Joint Venture Agreement.
Dear Sir,
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations
and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”), and in
continuation of the Company’s earlier disclosure dated August 5, 2026, regarding setting up of a
Denim Garment facility at an estimated project cost of approximately ₹186.30 crore through a
joint venture with NDS9 Private Limited (“NDS9”), we wish to inform you that the Company
has today i.e. August 11, 2026, executed a Joint Venture Agreement with NDS9 in relation to the
aforesaid project.
The proposed shareholding in the joint venture company shall be in the ratio of 74% by the
Company and remaining 26% by NDS9. Presently paid up share capital of the proposed joint
venture company shall be ₹1.00 crore, comprising 10,00,000 equity shares of face value of ₹10/-
each. Accordingly, the Company shall subscribe to 7,40,000 equity shares of ₹10/- each,
aggregating to ₹74.00 lakh, representing 74% of the equity share capital, while NDS9 shall
subscribe to 2,60,000 equity shares of ₹10/- each, aggregating to ₹26.00 lakh, representing 26%
of the equity share capital.
The proposed project cost of approximately ₹186.30 crore shall be funded through equity
contribution and term loans in the proposed ratio of 30% and 70%, respectively, which may vary
in accordance with the stipulations of the term lenders, as already disclosed by the Company vide
its earlier disclosure dated August 5, 2026.
(Formerly Rajasthan Spinning & Weaving Mills Limited)
Corporate Office: Regd. Office:
Bhilwara Towers, A-12, Sector-1 Kharigram, P.O. Gulabpura – 311 021
Noida-201 301 (NCR-Delhi), India District Bhilwara, Rajasthan, India
Tel. : +91-120-4390300 (EPABX) Tel.: +91-1483-223144 to 223150, 223478
Fax : +91-120-4277841 Fax: +91-1483-223361, 223479
Website : www.rswm.in Website : www.rswm.in
GSTIN:09AAACR9700M1Z1 GSTIN:08AAACR9700M1Z3
Corporate Identification Number:L17115RJ1960PLC008216
The proposed joint venture company is presently under the process of incorporation. The
Company shall make the requisite disclosure to the Stock Exchanges upon incorporation of the
joint venture company, in accordance with the applicable provisions of the SEBI Listing
Regulations.
The requisite disclosures in respect of the aforesaid joint venture, as required under the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015 have already been
provided by the Company vide its earlier disclosure dated August 5, 2026.
The above information is also being made available on the website of the Company
www.rswm.in.
We request you to kindly take note of the same.
Thanking you,
Yours faithfully,
For RSWM LIMITED
SURENDER GUPTA
CHIEF COMPLIANCE OFFICER & COMPANY SECRETARY
FCS - 2615
(Formerly Rajasthan Spinning & Weaving Mills Limited)
Corporate Office: Regd. Office:
Bhilwara Towers, A-12, Sector-1 Kharigram, P.O. Gulabpura – 311 021
Noida-201 301 (NCR-Delhi), India District Bhilwara, Rajasthan, India
Tel. : +91-120-4390300 (EPABX) Tel.: +91-1483-223144 to 223150, 223478
Fax : +91-120-4277841 Fax: +91-1483-223361, 223479
Website : www.rswm.in Website : www.rswm.in
GSTIN:09AAACR9700M1Z1 GSTIN:08AAACR9700M1Z3
Corporate Identification Number:L17115RJ1960PLC008216