Yes, I can share the datasheet of the single turn RLS magnetic rotary encoder on page7 with RM58SI in datasheet.
I have kept the DIP switches settings for RS422 as of Zihatec page 6 in Datasheet and DIP Switch Settings (current version) in this link.
If I connect as you have suggested, will the Arduino nano get affected? Because the RLS sensor needs an RS422 interface, as shown on page7 with RM58SI in the datasheet.
It will be a great help with the connections and the code.
Thanks in advance.