RSWM Ltd - 500350 - Outcome Of Board Meeting Dated 12Th February, 2020 Submission Of Unaudited Financial Results For The Quarter And Nine Months Ended 31St December, 2019 Pursuant To Regulation 30 & 33 Of The SEBI (LODR) Regulations, 2015.
We are enclosing herewith the Unaudited Financial Results (Standalone & Consolidated) of the Company for the quarter and nine months ended 31st December, 2019, along with Limited Review Report as approved by the Board of Directors at their meeting held today i.e. 12th February, 2020. Further, in continuation of our earlier communication dated 11th December, 2019 with regard to the issuance of fully paid up Equity Shares for an amount not exceeding ? 1500 Million by way of Rights Issue, the Board of Directors of the Company at their meeting held today have reviewed the proposal and in view of easing of the cash flow situation of the Company and raising of debt funds through alternative arrangement at favourable rates, have decided to withdraw the proposal of fund raising by way of Rights Issue. The meeting of Board of Directors commenced at 1.30 P.M and concluded at 5.15 P.M. Kindly take the same on record.12-02-2020
