RSC International Ltd Announces Major Acquisition and Capital Expansion Plan
RSC International Ltd has announced a series of significant corporate actions following a Board of Directors meeting held on July 16, 2026. The company plans to significantly increase its authorized share capital, acquire a majority stake in a fintech-driven retail lending platform, and issue new equity shares and convertible warrants to non-promoter public categories.Authorized Share Capital Expansion
The Board has approved an increase in the existing authorized share capital of the company from Rs. 7,00,00,000 (Rupees Seven Crores Only) to Rs. 24,00,00,000 (Rupees Twenty Four Crores Only).The current structure consists of 70,00,000 Equity Shares of Rs. 10 each. The proposed expansion will result in a total of 2,40,00,000 Equity Shares of Rs. 10 each. This proposal is subject to shareholder approval.
Acquisition of FA Wizard Private Limited
RSC International Ltd has approved the acquisition of a 51.00% equity stake in FA Wizard Private Limited (the Target Company). The transaction is structured as a share swap on a preferential allotment basis rather than a cash transaction.The acquisition involves the issuance of 62,70,008 Equity Shares at an issue price of Rs. 33 each (including a premium of Rs. 23 each) to shareholders in the Non-Promoter Public category. The total consideration for this acquisition is valued at Rs. 2,069.10/- Lacs.
The Target Company, incorporated in November 2020, operates as a pan-India technology-driven retail lending distribution platform. For the financial year 2025-26, it reported a standalone turnover of Rs. 15,520.56 Lacs (Provisional and unaudited). The transaction is expected to be completed within two months.
Preferential Issues and Convertible Warrants
In addition to the acquisition, the Board approved two separate preferential issues and the issuance of convertible warrants:| Security Type | Maximum Proposed Quantity | Issue Price | Aggregate Consideration | Category |
|---|---|---|---|---|
| Equity Shares | Up to 18,00,000 | Rs. 33 each | Rs. 5,94,00,000 | Non-Promoter Public |
| Convertible Warrants | Up to 1,00,00,000 | Rs. 33 each | Rs. 33,00,00,000 | Non-Promoter Public |
The convertible warrants are exercisable within 18 months from the date of allotment and will be converted into equity shares at an issue price of Rs. 33 per share. If not exercised within the specified timeframe, the amount paid on such warrants along with any non-converted warrants will be forfeited.
Shareholding Impact Table
The following table details the proposed changes in holding for specific investors associated with the preferential issues:| Name of Proposed Allottee | Category | Pre-Pref Holding | Maximum Proposed to be Issued | Post-Pref Holding | % of Holding |
|---|---|---|---|---|---|
| Joshi Anura Satyam | Non-Promoter | - | 25,00,000 | 48,06,127 | 20.18 |
| Priyanshi Laltaprasad Dubey | Non-Promoter | - | 25,00,000 | 25,00,000 | 10.50 |
| Divya Deven Pathak | Non-Promoter | - | 25,00,000 | 25,00,000 | 10.50 |
| Sharda Subhashchandra Bhat | Non-Promoter | - | 25,00,000 | 25,00,000 | 10.50 |
The Board has also approved the draft notice for an Extra Ordinary General Meeting (EGM) scheduled for August 13, 2026, to discuss these matters. M/s. AGRAWAL KUSHAL & ASSOCIATES has been appointed as the scrutinizer for the e-voting results and EGM proceedings.
Stock Price Movement
RSC International Ltd settled at ₹39.36, up 2.00% at the close of trade on Thursday. Shares traded completely flat throughout the day, remaining locked at exactly ₹39.36 for the entire session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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